Fastfunds Financial Corp. operates through two wholly owned
subsidiaries, Cannabis Angel, Inc. and The 420 Development Corporation, to
build a portfolio of revenue-generating companies that provide ancillary
services to the burgeoning cannabis industry. The company also operates
majority-owned subsidiary Financiera Moderna, Inc., which offers financial
services to the underserved Hispanic community. FFFC’s strategy to participate
in the marijuana industry is through the development of four separate business
verticals for the emerging U.S. cannabis industry.
Through its 49% stake in Cannabis Merchant Financial
Solutions, Inc. (CMFS), FFFC entered the Financial Service business vertical.
CMFS developed the Green Card and Tommy Chong Green Card, a reloadable stored
value card with a rewards feature, and the Tommy Chong Frequent Buyers Card,
which functions as a gift card or rewards card. FFFC is developing a national
group of master resellers, distributors and sales representatives for these
card products.
As the cannabis industry continues to develop, FFFC is
partaking in Plant Botany, specifically the development of methods and
technologies to significantly enhance plant growth and purity. Under an
operating agreement with Sanidor Systems to create Pure Grow Systems, LLC, FFFC
acquired a 49% interest in the subsidiary, which is dedicated to the healthy
production and processing of raw materials used for medicinal or other health
related purposes.
The cannabis industry is a cash-only business, which leaves companies
vulnerable to criminal activities. FFFC plans to address this issue and enter
the Security Services and Equipment sector through the acquisition of an
existing, operational security company. FFFC owns a 70% stake in Ohio-based
Brawnstone Security, Inc., a diversified security, training and investigations
company. FFFC’s research shows that operating margins for cannabis-related
security services could exceed current billing levels by at least 100%.
FFFC’s Cannabis Angel, Inc. (“CA”) subsidiary will evaluate
and provide corporate development services and early seed financing for
worthwhile development-stage cannabis ventures. To date, CA has made
investments in companies involved in the distribution of cannabis-related
products and development of a social media website. It is important to note
that all of FFFCs activities in the cannabis industry are ancillary, or pick
and shovel, and are evaluated to insure compliance with all state and federal
Laws.
For more information, visit www.fastfundsfinancial.com
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