FinCanna Capital (CSE: CALI) (OTCQB: FNNZF) today announced
that Refined Resin Technologies Inc., an investee company of FNNZF, has
achieved its California state Temporary Manufacturing License for Adult and
Medicinal Cannabis Products. The conditional license permits Refined Resin to
engage in commercial cannabis activity and positions it to submit for its
annual license by the end of the year. Refined Resin’s previously submitted
Oakland City Building Permit to refit its 6,000 square foot manufacturing
facility for full production is also expected by Dec. 31, 2018. Construction at
the facility is anticipated to be completed roughly 90 days from approval and
production is expected to commence the following month. “California is a
well-regulated jurisdiction and acquiring the right licenses in a timely manner
is essential to success,” FinCanna Capital President and CEO Andriyko Herchak
stated in the news release. “We are impressed with the Refined Resin leadership
team as they skillfully drive their business towards build out and
commercialization of their Oakland based manufacturing facility.”
To view the full press release, visit http://ibn.fm/NrtJB
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 exclusively in U.S. legal states, with a focus on
California. The company is differentiated by its royalty business model that is
based upon providing capital to best in class U.S. cannabis businesses for a
percentage of their top line revenue. It is a “stream of income” model that
supports the growth of investee companies by providing them with an infusion of
cash on terms that are less restrictive than debt and without the requirement
to surrender a large equity stake in their business. In return, FinCanna
receives on going cash payments based on a negotiated percentage of an
investee’s topline revenue. FinCanna diversifies its risk by investing in
multiple sectors to generate multiple income streams in various industry
verticals. For additional information visit www.FinCannaCapital.com.
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment