FastFunds Financial Corp., through wholly-owned subsidiaries
Cannabis Angel, Inc. and The 420 Development Corporation, is focused on the
acquisition and development of revenue-producing entities that provide
ancillary services to the cannabis industry. In 2014, FastFunds entered into
the financial services sector through the acquisition of 49 percent of Cannabis
Merchant Financial Solutions, Inc. (CMFS). Through this subsidiary, the company
has developed one of its most intriguing offerings, the Tommy Chong Green Card.
The Tommy Chong Green Card is a specially-developed
reloadable stored value card with a rewards feature aimed at the burgeoning
cannabis industry. Through this product, the company will gain access to both
the rapidly expanding recreational marijuana market and the multi-billion
dollar gift card vertical. In recent weeks, FastFunds has focused on developing
a distribution network for its unique product. Earlier this month, the company
took a significant step toward achieving national distribution by signing a
sales representation agreement with Evergreen Licensing of Northridge,
California. This deal is expected to provide FastFunds with access to
approximately 300 dispensaries throughout the Golden State.
“The signing of a sales representative agreement with
Evergreen is a major step in our goal for national distribution of the Tommy
Chong Green Card,” Kurt Martig, president of CMFS, stated in a news release.
“California is significant as it is one of the largest states in terms of
dollar volume of sales and the number of operating dispensaries.”
In addition to its distribution efforts, FastFunds is
currently planning a social media launch for the product ahead of next year’s
presidential elections. With this strategy, the company will look to capitalize
on the potential for more widespread cannabis legalization, which is currently
being forecast by many industry analysts. Through its association with
celebrity actor Tommy Chong, the company expects to gain access to more than
4.5 million social media followers upon its upcoming launch, helping it
differentiate the Tommy Chong Green Card from similar products.
“The market for legal cannabis is one of our nation’s
fastest growing industries; the momentum is nothing short of astounding,”
stated Henry Fong, president and chief executive officer of FastFunds. “Our
focus is to quickly and efficiently take advantage of the profound
opportunities this growth provides and increase shareholder value.”
For prospective shareholders, the company’s growing presence
in an incredibly high-potential industry makes it an intriguing investment
opportunity moving forward. FastFunds will be looking to continue building on
its recent progress with the Tommy Chong Green Card, as well as its numerous
projects through its remaining subsidiaries, in order to promote strong
financial growth and sustainable returns in the months to come.
For more information, visit www.fastfundsfinancial.com
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