First Targeted Medical Marijuana Debt/Equity Fund Announced in Illinois

CHICAGO, Dec. 4, 2014 /PRNewswire/ -- Stephen Denari has left the Prairie Wellness Fund to launch a new convertible debt/equity fund.  This innovative financing vehicle will initially provide financing to winning applicants for the newly created medical marijuana licenses applied for under Illinois law in September. Denari will continue as CEO of his political consulting firm (the Political Action League), in addition to his duties heading up the new American Marijuana Fund Advisors, dubbed the Amerijuana Fund.

The two remaining founding partners of Prairie Wellness, hedge fund veteran Michael Griffin and Chicago litigation attorney Thomas Cronin, each stated they wished Steve the best of luck in his new endeavor to form a more expanded menu of financial services offerings for the medical marijuana industry in Illinois, and ultimately nationally.  Denari responded that he looked forward to collaboration between the two funds whenever it makes sense in the future.

"The two primary differences between Prairie Wellness and the Amerijuana Fund is that Prairie offers debt only and requires 100% personally guaranteed loans, whereas Amerijuana will offer a mix of debt/equity, leasing, lines of credit and asset-based lending not requiring a full personal guaranty, if any," Denari noted.

An innovative finance and deal-making expert for over 30 years, commencing as the Founder and President of the Harley-Davidson® Finance Company in the 1980's to being recognized by Forbes Magazine for creating the trademarked MEBO® financial takeover methodology in the 2000's, Denari sees the US legal cannabis industry and its unique financing needs as his next challenge.

The Amerijuana Fund will this month sponsor free Illinois Medical Marijuana Industry seminars on financing alternatives for Illinois applicants in Chicagoland and selected downstate locations.

Individuals and groups who submitted applications in September for medical marijuana licenses for Cultivation Centers and/or Dispensaries are urged to contact Mr. Denari directly by email in order to receive an invitation to these seminars and/or to discuss their financing needs in particular.

For more information,
Contact Steve Denari at 312.636.6659 or Email

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/first-targeted-medical-marijuana-debtequity-fund-announced-in-illinois-300004664.html

SOURCE Amerijuana Fund

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED