Pelorus Equity Group Announces Us$16.975M Debt Financing With Royal Emerald Pharmaceuticals

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 it has provided US$16.975M of non-dilutive real estate debt financing to Royal Emerald Pharmaceuticals (“Royal Emerald”) for the purchase of a new facility location in Desert Hot Springs, California. Formerly a Kmart retail location, the new facility situated on a 7-acre campus will undergo an extensive renovation and remodel to turn the 94,000 square foot building into a high-tech cannabis cultivation and medical research facility (the “Desert Hot Springs Facility”).