Sue S.

Investor Testimonial

Personal Pelorus Investor Testimonial I’ve been investing with Pelorus since June 2020, and over the years I’ve invested approximately $1 million with them. As a retired finance professional, I was looking for an opportunity to invest in the cannabis industry. I believed it was an underserved market where good companies had diFiculty getting access to capital. Pelorus stood out to me because they understood the industry, had real experience in the space, and took a disciplined approach to lending. What’s probably most important to me, though, is the relationship I’ve developed with the people at Pelorus. I’ve always felt that they’ve been honest and transparent with me, and that they genuinely care about their investors. That kind of trust is important to me, particularly when you’re investing a significant amount of money. In the early years, my investments with Pelorus produced returns in the low teens, which was considerably better than many of the alternatives available in the market. Then the cannabis industry went through some very diFicult and unexpected times. Like everyone else in the industry, Pelorus had to adjust. Their priority shifted from pursuing new opportunities to protecting the capital of their existing investors. That period reinforced my confidence in Pelorus. I’ve always believed that you learn the most about a sponsor when things don’t go according to plan. Rather than simply selling assets at distressed prices, Pelorus stayed focused on working through the problems and finding the best long-term solutions for the portfolio. I respected that approach. The cannabis industry today is very diFerent from what it was when I first invested in 2020. It has matured, and I believe that maturity will create some attractive opportunities. There are companies with established businesses and track records that need capital, and I think the fundamentals of good lending remain the same: Capacity, Capital, Collateral, and Credit. Having watched Pelorus navigate both the good times and the diFicult ones, I believe their experience gives them an important advantage. They have developed a deep understanding of the industry, along with proprietary knowledge and data-driven metrics that can help them identify and evaluate opportunities. I continue to be invested with Pelorus, and I’m comfortable with that decision. I’ve been through the ups and downs with them, and I’m looking forward to what comes next. I believe the best opportunities may still be ahead. Sue Sparks