Merchant banking firm Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt:
O3X4) this morning announced the launch of the Cannabis Mercantile
Exchange (“Cannamerx”) International Hemp/CBD Auction Platform. Per the update,
Cannamerx today reported that 1.5 tonnes of hemp biomass have been listed for
auction on the platform, and its team is rapidly onboarding clients in Canada,
the U.S. and Europe. “The hemp revolution has begun in North America. We are
excited to help Cannamerx create a global path for many of these companies to
trade Hemp/CBD internationally and become cash flow positive at a much quicker
pace, decreasing their sales and marketing expenses and removing the
“middleman” thereby increasing net revenues,” Meris Kott, CEO of Redfund,
stated in the news release. “By next fall, we are hopeful CBD edibles will be
federally approved and licensed in Canada with Cannamerx’s platform providing
the raw materials to licensed LPs, who need hemp.”
To view the full press release, visit http://ibn.fm/9wKLM
About Redfund Capital Corp.
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
NOTE TO INVESTORS: The latest news and updates
relating to PNNRF are available in the company’s newsroom at http://ibn.fm/PNNRF
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