Pelorus Equity Group, a company that provides real estate loans for cannabis businesses has provided $11M of non-dilutive real estate debt financing at an interest rate of 10.5%, to Inkster Pine Park, to fund working capital and support future growth.
Inkster was previously the recipient of a $9.3M construction loan at an interest rate of 15.75%, used to fund the build-out of its new state-of-the art 72,000 square foot cultivation and processing facility. Upon completion of construction, Inkster successfully completed the underwriting process to enter the stabilized lending program which provides lower cost of capital.
