- SpeedyGrow is a Wyoming company with licenses in Colorado to grow and process hemp
- SpeedyVeg is designed to accelerate plant growth in the cannabis industry
- REFG’s integrated Green financial processing system creates a cashless environment for the cannabis industry
Medical Cannabis Payment Solutions (OTC: REFG) has expanded its role in the cannabis market through its acquisitions of Colorado-licensed SpeedyGrow and organic soil accelerator SpeedyVeg, with its proprietary formula geared to maximize plant yield (http://cnw.fm/tXc0L).
SpeedyGrow is a Wyoming company with licenses to grow and process hemp in Colorado. SpeedyVeg is focused on the cannabis industry, with an organic nutrient designed to accelerate the growth of plants using a formula which it claims results in a 20 percent faster growth rate. It includes 70 natural trace nutrients aimed at benefiting plants during the growing process.
REFG’s Green is a comprehensive financial program for state-legalized cannabis markets. The company enables licensed dispensaries and retail merchants to sign up online for its end-to-end system that creates a cashless environment for both merchants and consumers (http://cnw.fm/0Myjt). Signing up online is simple for merchants, with Green offering a Financial Crimes Enforcement Network (FinCEN) compliant system for the entire cannabis industry. Green also provides cryptocurrency payment processing.
The acquisitions represent a doubling down for REFG in the cannabis market. In a news release, Jeremy Roberts, CEO of REFG, said, “We weren’t initially anticipating entering this space. But after careful consideration, the opportunity to expand our footprint in the state-sanctioned cannabis space was too good of an opportunity for our shareholders to pass up.”
He explained that the acquisitions also represent a new revenue stream for REFG’s investors. The company, however, is continuing to concentrate on its core of providing best-in-class payment processing and a comprehensive banking system, he added.
Patients and customers may sign up for Green online. Consumers are issued Green cards which may be branded to the vendor, creating customer loyalty and repeat sales. The customer or patient can then pay directly from a bank account without requiring cash. In addition, the company now offers bank accounts for state licensed medical marijuana establishments through its www.Take.Green website. “We believe we offer the nation’s only truly compliant payment and banking solution for state sanctioned marijuana,” Roberts noted, alluding to the comprehensive nature of the company’s offering.
For more information, visit the company’s website at www.Take.Green
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