Pelorus Equity Group Closes First Tranche Of Us$77.3M Debt Financing With Harborside

Pelorus Equity Group (“Pelorus” or “the Company”), the leading provider of value-add bridge commercial real estate loans to cannabis businesses and owners with cannabis-related real estate, is pleased to announce the first closing of its previously announced US$77.3M non-dilutive real estate debt financing (“the Rollup Financing”) with Harborside Inc. (“Harborside”) (CSE: HBOR) (OTCQX: HBORF). The initial funding of US$45.35M, the first of two planned tranches, includes three individual loans to Harborside, Urbn Leaf Holdings Inc. (“Urbn Leaf”), and Loudpack JV Corporation (“Loudpack”)