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Pelorus Equity Group Closes US$45.5 Million Debt Financing with TerrAscend

Retrieved on: 
Wednesday, October 12, 2022
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NEWPORT BEACH, Calif., Oct. 12, 2022 (GLOBE NEWSWIRE) -- Pelorus Equity Group (Pelorus or the Company), the leading provider of commercial real estate loans for the cannabis sector, is pleased to announce the closing of its US$45.5M debt financing agreement (the Loan) with TerrAscend Corp .

Key Points: 
  • NEWPORT BEACH, Calif., Oct. 12, 2022 (GLOBE NEWSWIRE) -- Pelorus Equity Group (Pelorus or the Company), the leading provider of commercial real estate loans for the cannabis sector, is pleased to announce the closing of its US$45.5M debt financing agreement (the Loan) with TerrAscend Corp .
  • (TerrAscend) (CSE: TER) (OTCQX: TRSSF), and its subsidiaries, TerrAscend NJ, LLC and HMS Hagerstown, LLC (together the Borrowers).
  • With this agreement, we are excited to help fuel TerrAscends growth and long-term business goals, said Dan Leimel , CEO of Pelorus Equity Group and manager of the Pelorus Fund.
  • We really enjoyed working with the TerrAscend team on our first deal together they were great throughout the entire process, said Pelorus Equity Group Managing Partner Travis Goad.

COOKIES AND TERRASCEND Partner To Bring Top-Shelf Genetics To The Garden State

Retrieved on: 
Thursday, August 19, 2021
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TerrAscend operates a 140,000 square foot cultivation and processing facility in The Garden State.

Key Points: 
  • TerrAscend operates a 140,000 square foot cultivation and processing facility in The Garden State.
  • In addition to our staple flavors, we have been working with TerrAscend on a unique Cookies menu that will only be offered in New Jersey.
  • Under the licensing agreements, Cookies will also have a Cookies Corner, a store-within-a-store concept, at all of TerrAscends Apothecarium Alternative Treatment Centers in New Jersey.
  • After achieving success in its home state of California, Cookies quickly built a grassroots following while remaining loyal to its brand promise: authenticity and innovative genetics.