logo
logo

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

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

03/08/22, 7:17 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgnewport beach
Money raised
$17 million
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”).

Company Info

Company
TransCanna
Location
newport beach, california, united states
Additional Info
TransCanna Holdings Inc. is a California based, Canadian listed company building Cannabis-focused brands for the California lifestyle, through its wholly-owned California subsidiaries. For further information, please visit the Company's website at www.transcanna.com or email the Company at info@transcanna.com.