Who will back Pelorus’s $1B “roll up”?
Henry Miller, Managing Director of Pelorus Capital Group
Orange County-based lender Pelorus recently announced a $1B fund to place equity investments in cannabis companies. The firm sees opportunity to buy into distressed operators, of which there's no shortage. And the number of targets seems certain to grow as the industry approaches its $6B "debt wall" next year.
In an interview with WeedWeek, managing director Henry Miller said they aim to build "a carefully selected portfolio of strong operating assets."
