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Benzinga
Benzinga
Business
Nina Zdinjak

EXCLUSIVE: Pelorus Equity Group Closes $15.8M Debt Financing With California-Focused Cannabis Co. TransCanna

Pelorus California

Pelorus Equity Group, a company that provides real estate loans for cannabis, has closed its S$15.8 million debt financing agreement with TransCanna Holdings Inc.  (CSE:TCAN) (XETR: TH8) , a California-based cannabis company. The loan proceeds will be used to refinance and develop TransCanna’s California facility, as well as for construction costs, and the payment of interest on existing debt.

 “Successfully sourcing exciting investment opportunities with the cannabis industry’s leading companies is what sets Pelorus apart,” stated Dan Leimel, CEO of Pelorus Equity Group and manager of the Pelorus Fund. “I am thrilled to partner with TransCanna to scale their cultivation capabilities and improve availability of their award-winning products for the California market. I look forward to continuing to work with some of the largest players in the industry and seeing our many partners continue to flourish in this growing market.”

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