Pelorus Equity Group Closes $11.8 Million Debt Financing, Enabling Juva Life To Expand Cannabis Operations

Pelorus Equity Group, the leading provider of commercial real estate loans for the cannabis sector, has closed an $11.8 million financing with Juva Life Inc. (OTCQB: JUVAF), a life company with pharmaceutical and development and consumer-facing operations in cannabis production and distribution.

The primary purpose of the financing, which closed on June 15, 2022, is to finance the exercise of the tenants purchase option on its recently completed Stockton cultivation facility, as well as provide working capital and R&D funding. The facility was recently completed at a cost of $17 million. Juva also plans to use a portion of the funds to further …

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