Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4)
today announced an expansion of its current advisory agreement with Wahupta
Ventures Inc. to include new financing. According to the update, Redfund
Capital has agreed to invest up to $1,000,000 into Wahupta Ventures Inc., with
proceeds intended to assist in building its extensive and growing Canadian hemp
footprint. Headquartered in Canada and the U.S., with offices in Winnipeg
Manitoba, Vancouver, British Columbia, and Orange County, California, Wahupta
has positioned to be a hemp industry leader from farm to table with CBD and
hemp products through strategic joint ventures, partnerships, and
acquisitions. The company’s partnership with Naturally Splendid
Enterprises, a Canadian-based hemp food manufacturer, provides access to the
extensive North American supply chain with numerous distribution points. “We
believe strongly in the team and their vision at Wahupta, and are eager as well
to work with their partner Naturally Splendid in developing client and
proprietary hemp products,” Redfund CEO Meris Kott stated in the news release.
“We look forward to helping assist Wahupta to the next level of their strategic
plan with additional capital.”
To view the full press release, visit http://ibn.fm/lJ6a5
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.
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