Pelorus Equity Group, a company that provides real estate loans for cannabis, announced on Tuesday the closing of its $17.3 million debt financing agreement with Vassar Acquisitions Property Management, LLC and its cannabis operating entity, Canapa Valley Farms, and affiliated entities.

Proceeds from the loan, which closed on Oct. 27, 2022, will support Canapa Valley Farms' buildout of its state-of-the-art 90,000 sq. ft. greenhouse and 8,500 sq. ft. processing facilities.

The Details

Under the terms of the agreement, Pelorus has issued a $17.3 million five-year term loan with a floating interest rate …

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