Bridging Finance and MJardin launch cannabis focused private debt fund

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By Ted Liu

Bridging Finance Inc. has officially launched the Bridging Infrastructure Fund LP which will be focused on private debt loans related to infrastructure and the consolidation of entities within the cannabis sector.

The fund will available for sale as of today through the IIROC dealer channel on FundSERV and to institutional investors.

Bridging has entered into a strategic alliance with an affiliate entity of the MJardin Group to act as its Strategic Operating Partner, assisting in identifying potential borrowers as well as actively managing the operations of the underlying infrastructure investments.

Denver, Colorado and Toronto based MJardin is a professional operating company that develops partnerships with licensed operators. MJardin provides its partners turnkey cannabis cultivation and processing solutions including licensure support, facility design, systems implementation, facility ramp-up and the day-to-day operational management required in a large-scale, professionally managed cannabis facility.

In December 2017, MJardin Group raised US $20 million in equity and convertible senior secured debentures from Canadian investors.

“We continue to experience significant growth and are very pleased with the continued support we have received to date from our investors. We are also extremely delighted to collaborate with the MJardin Group on the launch of the Bridging Infrastructure Fund and look forward to utilizing their expertise within this industry and leveraging their operating expertise across North America,” said David Sharpe, Chief Executive Officer of Bridging Finance. “Having established ourselves as leaders of infrastructure financing to First Nations, we are also excited about the opportunity of assisting them on capitalizing on such opportunity to create both wealth and employment,” added David Sharpe.

“We are currently seeing numerous opportunities to bring our expertise to Canada and are thrilled to work with Bridging Finance in bringing these opportunities to fruition. The Bridging Finance team has established themselves as leaders in the private debt space with the ability to act and deliver quickly which is instrumental in this industry,” said Rishi Gautam, Chairman and Chief Executive Officer of the MJardin Group.

Established in 2012, Bridging Finance is a privately held Canadian company providing middle-market North American companies with alternatives to the financing options offered by traditional lenders. Bridging Finance is the co-manager of the Sprott Bridging Income Fund LP and the Sprott Bridging RSP Fund, which invest in factoring/private debt loans that have a low correlation to traditional asset classes. Bridging Finance also offers portfolio management services for institutional clients and currently manages approximately $600 million of assets.

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