Redfund Capital (CSE: LOAN) (OTCQB: PNNRF) (Frankfurt: O3X4) recently announced that it has entered into a partnership with the Cannabis Mercantile Exchange (“Cannamerx”) as Cannamerx rolls out the first international global hemp and cannabidiol (CBD) auction platform. An article discussing the company reads, “Cannamerx is drawing hemp clients in Canada, the United States and Europe, and is in the process of seeking CBD labs in the United States that it can work with for trade in that country. . . . ‘The hemp revolution has begun in North America,’ Redfund CEO Meris Kott stated in a news release. ‘We are excited to help Cannamerx create a global path for many of these companies to trade hemp/CBD internationally and become cash-flow positive at a much quicker pace, decreasing their sales and marketing expenses and removing the “middleman,” thereby increasing net revenues. By next fall, we are hopeful CBD edibles will be federally approved and licensed in Canada with Cannamerx’s platform providing the raw materials to licensed LPs, who need hemp.’ . . . Kott added, ‘Investing in a working cannabis auction platform in the sector is a game-changer. Cannamerx has the ability to connect European buyers with Canadian licensed sellers, and South American licensed producers can with a click of a mouse list their products placing reserve prices to the rest of the world. There are many technology marketing plans to connect the world, but Cannamerx has already established itself as the go-to platform. Redfund recognizes that this is one of our most strategic growth alliances.’”
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About Redfund Capital Corp.
Redfund intends to provide debt and equity funding in the middle to late stages of a target company’s development or in technologies that are developed and validated by revenues. The present focus of the merchant bank is on medical cannabis, hemp, and CBD-related and healthcare-related companies. For further information, visit the company’s website at www.RedfundCapital.com.
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