FinCanna Capital (CSE: CALI) (OTCQB: FNNZF) today announced
that Refined Resin Technologies Inc., an investee company of FNNZF, has been
issued its “Adult-Use and Medicinal – Temporary Distributor License” in the
state of California. Refined Resin already holds its temporary manufacturing
license in the state and has submitted its application for its annual license.
“We are pleased to see the timely acquisition of the necessary licenses as the
Refined Resin team completes the regulatory requirements for commercial
operations,” FinCanna Capital President and CEO Andriyko Herchak stated in the
news release. “We look forward to a prosperous 2019 both for the company and
FinCanna shareholders as Refined Resin continues to execute its business plan.”
To view the full press release, visit http://ibn.fm/wAJ5H
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.
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