Fastfunds Financial is focused on
building a portfolio of revenue-generating companies that provide ancillary
services to the burgeoning cannabis industry in varying capacities. FFFC’s
overarching execution strategy is to deepen its position in the industry by
advancing the development several separate business verticals.
FFFC’s current suite of companies
consists of two wholly owned subsidiaries: Cannabis Angel, Inc. (CA) and The
420 Development Corporation; as well as majority-owned subsidiary Financiera
Moderna, Inc., which offers financial services to the underserved Hispanic
community. FFFC also has a 49% stake in Cannabis Merchant Financial Solutions, Inc.
(CMFS), through which FFFC entered the financial service business vertical.
In recent months, much emphasis
has been placed on CMFS, the developer of 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.
Supporting the continued advancement of CMFS and its growing interest in the
financial services market, FFFC is developing a national group of master
resellers, distributors and sales representatives for these card products.
The growing cannabis industry is
flourishing with ancillary opportunities, among which is plant botany. As the
industry continues to develop, FFFC is partaking in 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.
Though marijuana is legal in 23
states, but illegal at a federal level, banks are wary of participating in the
industry. As such, the cannabis industry is a cash-only business, which leaves companies
vulnerable to criminal activities.
FFFC’s research shows that
operating margins for cannabis-related security services could exceed current
billing levels by at least 100%. The company plans to take advantage of this
opportunity while addressing cash-only concerns and enter the security services
and equipment sector through the acquisition of an existing, operational
security company. Complementary to this plan, FFFC also owns a 70% stake in
Ohio-based Brawnstone Security, Inc., a diversified security, training and
investigations company.
FFFC continues to drop anchors in
key segments of the rapidly growing cannabis industry to reduce risk while
progressing as a provider of viable solutions in an explosive growth market.
For more information visit
www.fastfundsfinancial.com
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