FinCanna Capital (CSE: CALI) (OTCQB: FNNZF), a royalty
company for the U.S. licensed medical cannabis industry, this morning announced
that its investee company, Refined Resin Technologies Inc., has secured its
first purchase order for THC distillate in the amount of $840,000. The purchase
order received from a high volume, top California cannabis brand specified
$840,000 as the minimum annual amount. Monthly volumes and the related payments
may increase based on reliable delivery and performance. “To secure a large
purchase order from a top California brand is a testament to the stature of the
Refined Resin team and bodes well for future demand,” FinCanna Capital
President and CEO Andriyko Herchak stated in the news release. “Refined Resin’s
principals have extensive experience in extraction, manufacturing, business
operations and marketing that is evidenced by their ability to obtain an order
of this size while still completing their production facility. This
accomplishment is a clear demonstration of their ability to grow a lucrative
business which should be highly rewarding for the Refined team and our FinCanna
shareholders.”
To view the full press release, visit http://ibn.fm/mQrZk
About FinCanna Capital Corp.
FinCanna provides financing to top-tier companies in the
licensed medical cannabis industry in exchange for a royalty on revenues.
FinCanna, led by a team of finance and industry experts, is building its
diversified portfolio of royalty investments in scalable, best-in-class
projects and companies in U.S. legal states, with a focus on California. For
additional information visit www.FinCannaCapital.com
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