Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced that it has reached an agreement in principle that will result in the nation’s largest mobile hemp CBD processing service. Per the update, the agreement, made with a subsidiary of Paper Lantern, LLC, will be finalized shortly. Through this agreement, Medical Cannabis Payment Solutions will acquire the rights to deploy groundbreaking mobile hemp CBD extraction labs, which it intends to utilize at hemp farms owned and operated by REFG, as well as those that have entered into processing agreements with the company. “Our mobile extraction partnership is another step forward in our plan to participate in the hemp and cannabis industries at strategic levels,” Jeremy Roberts, CEO of REFG, stated in the news release. “We believe the ability to manage supply and demand from seed to sale gives us a competitive edge in the marketplace… With this partnership, we are able to leverage Paper Lantern’s technologies to service our farms. And, we gain access to Paper Lantern’s business pipeline.”
To view the full press release, visit http://cnw.fm/4Ek3x
About Medical Cannabis Payment Solutions
Medical Cannabis Payment Solutions engages in providing end-to-end management, across multiple management systems, for medicinal marijuana operations. Many medicinal marijuana companies have experienced such rapid growth that they are finding it difficult to manage all aspects of their operation. In order to become a successful and compliant medicinal marijuana operation, effective management must depend on many different systems. REFG solves the fragmentation problem by identifying tools that are important to dispensaries, and customizing those tools specifically catered to the industry. The company strives to create awareness within the medicinal marijuana industry and to develop an environmentally friendly, economically sustainable business while increasing shareholder value. For more information, visit the company’s website at www.Take.green
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