Redfund Capital (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF)
this morning announced that Biolog Inc., a portfolio client of the company, has
partnered with Cannabis Strategic Ventures (OTC: NUGS) to develop water-soluble
cannabis technologies intended to be used as ingredients for cannabis and
phytocannabinoid rich-infused foods, beverages and consumer products. Per the
agreement, Biolog will develop the new technologies with NUGS and the companies
will work together regarding marketing to bring the products to market.
“Working alongside Cannabis Strategic Ventures and assisting them to realize
their mandate building their products brands using Biolog technology shows
collaboration of incubators in the space. Branded products are the niche we
believe will lead the industry just as patented medical products lead pharma
for many decades. Biolog’s licensing agreements with Lexaria makes them a
leader of the medical cannabis pack. This client in our portfolio looks to be
our next go-public prodigy,” Redfund CEO Meris Kott stated in the news release.
About Cannabis Strategic Ventures, Inc.
Cannabis Strategic Ventures is a Los Angeles based firm that
incubates, develops and partners with category leaders within the cannabis
sector. The Firm’s NUGS brand experience provides mentorship and a range of
essential services to emerging and existing Cannabis consumer brands. The
company recently completed a name and symbol change from Cascade Energy, Inc.
Cannabis Strategic Ventures is publicly traded on the U.S. Over the Counter
Market with the stock symbol NUGS. For more information, visit the company’s
website at www.CannabisStrategic.com.
About Redfund Capital Inc.
Redfund intends to provide debt and equity funding in the
mid-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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