Pelorus Capital Group

02/24/2026

There is a playbook to profitability in cannabis.

I sat down with Kevin Harrington, of Shark Tank fame, to talk about the turnaround we orchestrated with StateHouse Holdings and why the current market is primed for strategic investment in the industry.

StateHouse is the 4th largest vertically integrated cannabis company in California, and in this interview, I explain why the turnaround worked, and the funds we put together that make investment in this space a good opportunity.

02/18/2026

What did rescheduling do for the business side of cannabis?

On a recent sit down with Kevin Harrington, of Shark Tank fame, I discussed the financial impact of rescheduling on cannabis operators and investors.

The shift from being taxed on gross to net alone increases profit as high as 30, 40 or 50%, but it doesn’t stop there. It also increases the multiple on which those businesses can be evaluated at for sale.

Follow for measured perspectives on investing in evolving, regulated industries.

02/13/2026

We’ve had many firsts in the cannabis investment space.

I had the pleasure of joining Kevin Harrington, of Shark Tank fame, on his show recently to talk about the Pelorus funds and investment in the cannabis industry.

In this clip, I talk about the formation of Pelorus, our history, and some of the pioneering efforts that allowed us to be the first to get an investment-grade rating.

If you’re curious about what investment in cannabis looks like in 2026, follow for more industry insights or reach out. I’m always happy to share insights.

02/04/2026

Most people think private equity starts with upside.

We believe it starts with cash flow.

As Henry Miller explains in this clip, Pelorus didn’t begin as equity investors, we began as credit lenders. That foundation forces discipline: understanding downside, stress-testing cash flow, and underwriting businesses that can perform through cycles.

In today’s phase of cannabis, where consolidation matters more than speculation, that lens is a distinct advantage.

Private equity works best when fundamentals come first.

Follow for smarter, fundamentals-driven cannabis investing.

02/02/2026

01/05/2026

One of the primary objectives of the new Pelorus Growth Fund is scale. As we scale, we have an opportunity to use the data of scale to streamline products, vendors and supply chain. It keeps costs down, quality control up, and executes on a trackable business strategy. In this clip, Pelorus Capital Group Managing Director Henry Miller explains the process, rationale and opportunity.

01/02/2026

Cannabis didn’t break.
It went through the same cycle every emerging industry does.

In this clip, Henry Miller, Managing Director at Pelorus Capital Group, breaks down why today’s cannabis opportunity looks nothing like the first wave.

Early investors chased scale and “hockey stick” growth.
That phase is over.

What comes next is familiar to disciplined capital:

📉 Market compression
📊 Lower valuations
🏗️ Industry consolidation

This is where private equity has created value for decades: by rolling up fragmented operators, buying at reduced valuations, and building stronger platforms.

That’s exactly what the Pelorus Growth Fund is designed to do:
apply a proven private equity playbook to cannabis at the right point in the cycle.

12/30/2025

As with any industry, the operators that are doing it right are going to push to the front. In this clip from a recent interview with Kavi Bhai and Jim Scott, CFO and CEO of StateHouse, we discuss the competitive advantages of vertical integration, and what it means in terms of quality control.

StateHouse is a part of the new Pelorus Growth Fund, where we focus on operators who are using best practices to push to the front of a growing industry. For more information about about the Growth Fund, use the link in our bio.

12/26/2025

StateHouse CEO Jim Scott on how to succeed in the cannabis industry.

He speaks to the importance of getting to scale in the cannabis industry.
As StateHouse scales, costs are reduced, purchasing power and margin increases.

There will be winners and losers in the industry as it grows - as with all industries - and StateHouse is developing a flywheel that sets them up to be industry leaders.

StateHouse is a part of the new Pelorus Growth Fund, where we’re focused on operators who have the right teams and systems in place to excel in a rapidly growing market. If you have questions about the Growth Fund, let us know.

12/14/2023

What does a well-balanced portfolio look like? It can very from person to person, but there are certain categories that make sense to balance out the fluctuations in the market. All investments assume some level of risk. A diversified portfolio helps reduce the overall risk. For questions about private debt, reach out. We're happy to share what we know.

12/11/2023

There are different ways to make private investments. Investors in many funds are limited partners (LPs). This is the case with Pelorus. What makes an LP investment different? Pelorus President and co-founder Rob Sechrist explains.

Rob Sechrist

12/07/2023

How do the wealthy prepare for a recession? It feels like there's been looming recession talks for the last couple years. What are the potential upsides? Pelorus President and co-founder Rob Sechrist gives his take on what to be on the lookout for in a down cycle.