Redfund Capital Corp. PNNRF Archives - Page 2 of 4

ThursdayMar 28, 2019 10:15 am

QualityStocksNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Enters Promissory Note with New Portfolio Client, Cannaki Beverage

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced its entry into a promissory note with Cannaki Beverage Inc., a Las Vegas, Nevada-based manufacturer of natural and organic functional beverages with core products that include still and carbonated beverages and Nano CBD infused flavored waters. According to the update, Redfund and Cannaki signed the two-year term convertible secured promissory note on March 27th 2019 for $1,000,000 at an annual interest rate of 14 percent. Redfund may convert the note at any time during the term, and the company has a right of first refusal to provide financing to…

WednesdayMar 27, 2019 11:06 am

Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Completes Equity-for-Debt Swap

Redfund converts loan into equity position in Mary’s Wellness Ltd. Company’s equity stake totals 5.55 percent of the cannabis-infused tea manufacturer First year global sales for Mary’s Wellness Ltd. forecast to hit $12 million The recent announcement by Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) of an equity-for-debt swap is a good indication of the merchant bank’s innovative approach to providing capital. It also sets up a win-win scenario for both the client, which benefits from reduced leverage and interest payments, and Redfund, which gets a shot at any upside. Arrangements like these demonstrate Redfund’s willingness to work…

ThursdayMar 21, 2019 10:50 am

QualityStocksNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Announces Launch of First International Hemp/CBD Auction Platform

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…

WednesdayMar 20, 2019 10:28 am

QualityStocksNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Enters Strategic Alliance with Cannabis Mercantile Exchange

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced its entry into a strategic alliance with the Cannabis Mercantile Exchange ("Cannamerx"), one of the first cannabis and hemp auction platforms to go live. Per the update, Cannamerx is the first fully automated B2B international auction platform for wholesale cannabis, cannabis products, hemp and hemp products and genetics, to recommend certain company’s products and services to their respective customer base. More than 57 Canadian licensed cannabis companies have joined Cannamerx, which has helped facilitate the trade of more than 25 tonnes of cannabis, over $22 million in bids received…

FridayMar 15, 2019 11:10 am

Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Bridges Financial Gaps, Helps Company Valuations Grow

Redfund is building an international footprint with established national leaders and pursuing opportunities in emerging markets The company is funding new drug delivery systems and helping nutraceuticals gain mainstream adoption Redfund is the first medical cannabis incubator and accelerator financing CBD and hemp companies through debt facilities The company recently announced an agreement to fund CANNAKI BEVERAGE COMPANY Inc., a nano CBD flavored water company Established as a global merchant bank, Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) aims to provide debt and equity funding to companies in the mid and later stages of development. This business strategy…

WednesdayMar 13, 2019 9:48 am

QualityStocksNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) to Convert Loan to 5.55 Percent Equity Position in Mary’s Wellness Ltd.

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced its intention to convert, into an equity position, the first tranche of a convertible secured promissory note with Mary’s Wellness Ltd. (“MWL”). According to the update, Redfund was extended the first tranche of C$100,000 from a C$1,000,000 promissory note it entered into with MWL on October 15, 2018. Redfund will own 5.55 percent of MWL upon conversion of the first tranche, and the promissory note’s remaining C$900,000 convertible balance, secured by a general security agreement on assets of MWL, will remain in place to secure additional tranches. “Redfund believes…

WednesdayFeb 27, 2019 9:54 am

QualityStocksNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) to Enter $1M Funding Agreement with Cannaki Beverage

Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning announced that it has agreed to fund Cannaki Beverage Inc., a nano CBD flavored water company based in Las Vegas, Nevada, that manufactures still and carbonated natural and organic functional beverages. According to the update, Redfund has signed a convertible note term sheet for $1 million at a rate of 14 percent interest with a two-year term, and the companies intend to finalize a promissory note and security document in the next week. “Partnering with a water company with a strong footprint is a tremendous opportunity for Redfund. Cannaki…

MondayFeb 25, 2019 9:34 am

QualityStocksNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Client Wildflower Brands Provides Swag for 2019 Oscars

Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) yesterday announced that its client, Wildflower Brands, was selected to provide gifts for the nominees, presenters and talent staying at the luxury Four Seasons Hotel Los Angeles for the 2019 Oscars. Founded in Vancouver, Canada, in 2012, Wildflower Brands Inc.’s (CSE: SUN) (OTCQB: WLDFF) products incorporate the synergistic effects of plants and their extracts. This year’s Four Seasons Hollywood Swag Bag included an assortment of Wildflower CBD products, with the hemp-based offerings containing less than .03 percent THC. The company's Cool Stick offers quick and convenient relief from muscle, joint and…

ThursdayFeb 21, 2019 9:31 am

QualityStocksNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Expands Advisory Agreement with Wahupta Ventures to Include up to $1M Investment

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…

TuesdayFeb 19, 2019 10:01 am

QualityStocksNewsBreaks – Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Announces Launch of its Beverage Products Division

Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) recently announced the launch of its new beverage division. Per the update, Redfund Capital is filling a key gap in the market for lifestyle-driven infused beverages as demand for upscale hospitality and health-wellness sectors start to boom. This foray of products is part of Redfund’s global expansion plan, and the company’s first beverage product group will consist of powdered flavored hemp seed and hemp infused teas to target a growing market where hemp based protein powders have gained popularity as nutritional supplements. “The launch of our own proprietary beverage product-line has been…

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