Pelorus Capital Group Receives Favorable Arbitration Ruling Against Disgruntled Former Employee To Prevent Further Breaches of Confidentiality
Pelorus Capital Group (“Pelorus” or “the Company”), a leading provider of commercial real estate loans for the cannabis sector, issued the following statement following a favorable ruling in an arbitration granting Pelorus a preliminary injunction against former employee Travis Goad enjoining him and all persons acting in concert with him from committing further breaches of their confidentiality obligations to the Company. The statement also addresses frivolous, meritless claims made by Goad in California’s Superior Court.
Pelorus Capital Group Prices First-Ever Securitization Backed By Collateral in the Cannabis SectorCompany to Retain One-Third of $70M Offering, Selling $45M of Bonds; Securitization First in a Series and First Ever for the Cannabis Sector
Pelorus Capital Group Announces Its Fund’s 7% Senior Secured Notes Achieved an Institutional Rating of “A” – the Highest Ever Achieved in the Cannabis SectorNEWPORT BEACH, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Pelorus Capital Group, the leading data-driven provider of commercial real estate loans for the regulated cannabis sector, announced that $50 million in aggregate principal amount of 7% senior secured notes due September 26, 2026 (the “Notes”) issued by its private mortgage real estate investment trust subsidiary, the Pelorus Fund REIT, LLC (“Pelorus Fund” or “Fund”), have been assigned an A rating by Egan-Jones Rating Company – the highest rating issued to date in the cannabis industry.
