Redfund Capital Corp (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF) today announced that it has engaged New Jersey based Wingspan Advisors and Jerry Hug, the current director of global operations for Cloud Commerce, a U.S.-based data driven digital marketing company. Cloud Commerce provides data-driven digital marketing services, content creation and media buying to its clients through its wholly owned subsidiaries Parscale Digital, Datapropria, Giles Design and WebTegrity. Hug will be Redfund’s first advisor to the company’s newly-formed USA advisory team and will assist Redfund in positioning its current loan portfolio of branded products throughout the U.S. The Redfund team will focus on the CBD and hemp sector and assist the company in targeting new opportunities for U.S. investments. Hug’s first project will be to establish a working relationship with partnerships in the U.S. for Redfund’s current portfolio companies and assist them to footprint the entire country. “Redfund Capital is converting our strongest portfolio client loans into equity company positions this month,” Redfund CEO Meris Kott said in the news release. “As we build our American footprint, the Company has also begun our application to the OTCQB. We are excited to welcome Jerry to our team and his input and experience will be an invaluable asset to our growth.”
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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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