Viridescent Realty Trust Announces the First Closure of its Cannabis Mortgage Investment Fund

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Viridescent Management LLC, a subsidiary of Viridescent Capital Partners (“Viridescent”), a private equity firm with extensive experience and investment in the US cannabis industry, is pleased to announce the first closure of its over $ 125 million mortgage investment fund. (“MREIT”), Viridescent Realty Trust (“VRT”).

VRT will focus on disbursing, structuring, underwriting and managing priority secured loans for established companies that operate in the cannabis industry. With over 20 years of experience and investment in the cannabis industry, as well as 60 years of experience in structured lending, asset management and capital markets, Viridescent’s extensive knowledge and network of contacts in the cannabis industry enables VRT to be a strategic and valuable partner for providing customized and tailored financial decisions. in the industry.

“We are delighted to launch Viridescent Realty Trust to leverage the investment opportunities in cannabis-related real estate, which we believe is an attractive investment area given the infrastructure that is being developed to support the rapid growth of the US cannabis industry,” said Kevin Murphy … Chief Investment Officer and Managing Partner of Viridescent. “As a dedicated team with extensive experience in the cannabis industry and capital markets, we believe the VRT mREIT is ideal for the Viridescent wheelhouse.”

About Viridescent Capital Partners

Viridescent Capital Partners is a privately held investment company that provides extensive experience and flexible capital solutions to companies operating in the cannabis industry. Viridescent’s team has extensive investment and experience in the cannabis industry combined with over 60 years of investment and capital markets experience, making the firm a powerful ally for companies looking for a partner to foster growth and success in the cannabis sector. www.viridescentcapital.com

Forward-looking statements

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act 1995, which reflect the company’s current views regarding, inter alia, future events and financial performance. Words such as “believes,” “expects,” “will,” “estimates,” “projects,” “expects,” and “future,” or similar expressions, are intended to indicate forward-looking statements. These forward-looking statements are subject to uncertainties inherent in predicting future results and conditions. Certain factors could cause actual results to differ materially from those predicted in these forward-looking statements. Over time, new risks and uncertainties arise and the company cannot predict these events or how they might affect Viridescent Capital Partners. Therefore, you should not place undue reliance on these forward-looking statements. The Company assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

See the original version at businesswire.com: https://www.businesswire.com/news/home/20210608005788/en/

Contacts

Christine Rigby, Partner and CEO
877-742-6468
info@viridescentcapital.com

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