- Mobile hemp and CBD extraction labs anticipated to deploy later this month
- Green continues to update to FinCEN-compliance in real-time, providing dispensaries with options previously unavailable
- Local news station in Grand Junction, Colorado, featured company’s efforts in CBD extraction and provided tour of facility
Medical Cannabis Payment Solutions (OTC: REFG), known for its state-of-the-art Green FinCEN-compliant processing system, is working from the ground up to serve the cannabis industry. The company has expanded its services to participate within the hemp and cannabis industries at strategic levels. This includes providing a proprietary, organic soil nutrient and mobile CBD extraction labs to hemp farms owned and operated by the company, as well as continuing to strengthen the Green platform, providing dispensaries with cash-free options. By managing supply and demand from seed to sale, REFG is gaining a competitive edge in the industry.
In May the company acquired SpeedyGrow, a Wyoming corporation licensed to grow and process hemp in the state of Colorado, and SpeedyVeg, a proprietary, organic soil nutrient with specific benefit to growing healthy plants and maximizing yield. KREX, a CBS-affiliated television station in Grand Junction, Colorado, ran a story that featured SpeedyGrow’s efforts in CBD extraction. The news segment provided a small tour of the Colorado facility (http://cnw.fm/5WVks).
Though REFG was not initially looking to this space, CEO Jeremy Roberts stated in a news release (http://cnw.fm/A9rTI), “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.” REFG is also applying for state licenses to grow industrial hemp in Utah and Vermont and has reached an agreement with a subsidiary of Paper Lantern, LLC to acquire rights to operate mobile hemp and CBD extraction labs. REFG anticipates deploying the units later this month for the October 2018 harvest.
REFG strives to create industry awareness and to develop a business that increases shareholder value while being economically sustainable and environmentally friendly.
At its core the company is focused on Green, the first and only comprehensive card processing operation of its kind. Merchant clients can now sign-up at Take.Green for this comprehensive card processing payment and client/transaction management solution. The platform allows dispensaries to take electronic payments and deposit cash securely while remaining FinCEN compliant in real-time.
Green empowers businesses by tracking sales and tax collection, provides cash alternative options for consumers and retailers and is compatible with most existing merchant accounts and point of sale systems. The company works with its clients to quickly and efficiently integrate Green into the existing systems. New customer set up is quick and easy, and branded REFG cards are available at no extra cost. Customers can use these cards at any dispensary that accepts Green but will have a customized reminder of their local dispensary.
REFG is strategically placed throughout the cannabis industry, from seed to sale, to capitalize on the widespread legalization of cannabis. The company is well-positioned to be an industry leader in this rapidly-growing market.
For more information, visit the company’s website at www.Take.Green
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