Royalty company for the U.S. licensed medical cannabis industry
FinCanna Capital (CSE: CALI) (OTCQB: FNNZF) today announced its advancement of
$750,000 to investee company Refined Resin Technologies Inc., an Oakland,
California-based cannabinoid research and extraction company. This is
FinCanna’s third and final tranche of its $3 million capital commitment to
Refined Resin to fund the build out and operationalization of its 6,000 square
foot, state-of-the-art medical cannabis extraction laboratory. “We are very
pleased to see the company hitting key milestones as it moves towards full
commercialization,” FinCanna Capital President and CEO Andriyko Herchak stated
in the news release. “With its strong leadership team in place we have every
confidence that the company will deliver a first class facility and with its deeply
rooted industry relationships continue to build on its already growing order
book to the benefit of both Refined Resin and our FinCanna shareholders.”
To view the full press release, visit http://ibn.fm/nndLc
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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