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 and marketing expenses and removing the “middleman” thereby increasing net revenues,” Meris Kott, CEO of Redfund, stated in the news release. “By next fall, we are hopeful CBD edibles will be federally approved and licensed in Canada with Cannamerx’s platform providing the raw materials to licensed LPs, who need hemp.”
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About Redfund Capital Corp.
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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