Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) today announced that it has welcomed Wahupta Ventures Inc. CEO Warren D. Cudney to its advisory team, and provided a corporate update and first quarter client financing rundown. Cudney is a recognized leader in corporate start-ups and speaker in the field of health and wellness, most recently specializing in the emerging North American and global hemp and CBD oil and isolate industry. Additionally, according to the update, Redfund Capital has extended funds to three cannabis companies in its first quarter, including RxMM Health, Mary’s Wellness Ltd. and Winterlife Inc. “Redfund Capital is in the process of converting portfolio client loans into equity positions and building our global brand,” Redfund CEO Meris Kott stated in the news release. “As an incubator, it is our role to help our clients increase their current valuations and grow organically to the next cycle in their lifespan. In prior press releases we indicated the intent of some portfolio companies to go public. Such disclosure indicates only their stated intentions to us, and each is responsible for making their way onto the public exchanges. We believe Wahupta may be the next breakout leader in the hemp sector, and with their vertical operations and farm to field to consumer vision we are very proud to have them as a client in our portfolio and welcome Warren to our advisory team.”
To view the full press release, visit http://cnw.fm/Nx2uX
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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