Redfund Capital (CSE: LOAN) (OTCQB: PNNRF) (Frankfurt: O3X4) this
morning announced its entry into a promissory note with the Cannabis Mercantile
Exchange (“Cannamerx”), one of the first live cannabis and hemp auction
platforms. Per the update, Redfund intends to finance the Cannamerx business
model and build its global footprint of clientele. “Cannamerx has increased
their client-base almost 30% since our first meetings in March 2019; 57 clients
to over 80. They have added hemp biomass and hemp products and the new
automated spot auction ability for their traders, making it the go-to global
cannabis exchange,” Redfund CEO Meris Kott said in the news release. “Redfund’s
focus has been to align ourselves with trailblazers in the sector and help
incubate and accelerate and advise our portfolio clients as they build their valuations
and grow their revenues. The Redfund team is excited to welcome Dietwald,
Sergey, and Michel and help build their brand together.”
To view the full press release, visit http://ibn.fm/luVdQ
About Redfund Capital Corp.
Redfund intends to provide debt and equity funding in the
middle 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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