Tag: Pelorus

Avatar photoStaffMay 11, 2022
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BusinessDaily Hit

The Daily Hit: May 11, 2022

6min00
The Daily Hit is a recap of the top cannabis business stories for May 11, 2022. ON THE SITE Ascend Wellness Holdings Ascend Wellness Holdings, Inc. (CSE: AAWH.U) (OTCQX: AAWH) reported its financial results for the first quarter ending March 31, 2022. Total revenue of $101.2 million decreased 0.8% quarter-over-quarter and increased 33.4% year-over-year. Ascend […]
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Avatar photoDebra BorchardtApril 11, 2022
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BusinessFinancial

Harborside Completes Financing Deal With Pelorus Equity

9min00
Pelorus Equity Group completed the second and final tranche of its previously announced $77.3M non-dilutive real estate debt financing with Harborside Inc. (CSE: HBOR) (OTCQX: HBORF). The initial funding included three individual loans to Harborside, Urbn Leaf Holdings Inc., and Loudpack JV Corporation with a second tranche made available upon the final closing of the […]
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Avatar photoStaffMarch 8, 2022
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Business

Pelorus Provides Financing For Veteran Medical Research Facility

5min00
Privately-held mortgage real estate investment trust company Pelorus Equity Group has provided $16.975 million in non-dilutive real estate debt financing to Royal Emerald Pharmaceuticals for the purchase of a new facility located in Desert Hot Springs, California. Royal Emerald is a DEA-registered, specialty pharmaceutical company working to research and produce federally compliant THC and CBD-based […]
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Avatar photoStaffFebruary 11, 2022
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Business

Pelorus Closes Financing To Harborside

5min00
Cannabis lending group Pelorus Equity Group closed on its previously announced $77.3 million non-dilutive real estate debt financing with Harborside Inc. (CSE: HBOR) (OTCQX: HBORF).  The initial funding of $45.35 million, the first of two planned tranches, includes three individual loans to Harborside, Urbn Leaf Holdings Inc., and Loudpack JV Corporation. The company said the proceeds […]
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Avatar photoStaffFebruary 2, 2022
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BusinessReal Estate

Cannabis Lender Pelorus Gives Business Update For 2021

9min00
Private company Pelorus Equity Group has updated the business world with its operational results. The company is known for providing bridge commercial real estate loans for cannabis businesses and owners with cannabis-related real estate. The company’s privately-held mortgage real estate investment trust, the Pelorus Fund, ended the year with $243 million assets under management and $193 […]
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Avatar photoDebra BorchardtNovember 30, 2021
Harbor-min.jpg
Business

Harborside Becomes Statehouse, Pulls Guidance Forecast

9min00
After the market closed on Monday, Harborside Inc.  (CSE: HBOR), (OTCQX: HBORF) announced it was buying California retailer UL Holdings Inc. also known as Urbn Leaf, and  LPF JV Corporation, better known as Loudpack. Loudpack is a manufacturer, cultivator and distributor of award-winning cannabis brands in California.  The newly combined company will be renamed StateHouse Holdings. […]
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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis

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