Redfund
Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning
announced that Wahupta Ventures’ wholly owned division, Curran Technologies,
has signed its first USA extraction system order with Health Care Industries of
Marco Island, Florida, worth $670,000. According to the update, the Curran
designed system will consist of four R6 Pro extraction units for the production
of both CBD isolate and distillate. “We are working closely with Wahupta
management to sign our definitive agreement and help increase their company
valuation and revenues. As Canada comes onside with CBD products, few
extraction companies in Canada have focused solely on the hemp industry,”
Redfund CEO Meris Kott said in the news release. “Cannabis and hemp use
different extraction screens and techniques, and we believe Wahupta has created
a unique position for their division to build exponentially as legalization in
Canada expands and the hemp industry grows globally. The Curran extraction
division differentiates Wahupta amongst many of their peers and we feel creates
a strong competitive advantage for them as one of the leaders in the burgeoning
hemp sector.”
To view the full press release, visit http://ibn.fm/CUNJA
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.
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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