LAS VEGAS, NV., June 19, 2015 (GLOBE NEWSWIRE) -- Medical Cannabis Payment Solutions (OTC Bulletin Board, REFG), a leader in technological solutions for the medical cannabis industry, announced today the company has entered into significant negotiations with multiple states to provide its services.
"It's been a whirlwind year," said Jeremy Roberts, CEO of Medical Cannabis Payment Solutions. "We believe our efforts will result in significant new business for the company. At this point, we are one step closer to becoming an established service provider for the medical cannabis industry and within various states."
Over the last year, Medical Cannabis Payment Solutions has been meeting with state legislators, policymakers and executive branch regulators to discuss its services and product offering. The company has been well received; and, numerous discussions have been initiated and are ongoing.
"Due to the delicacy and sensitivity of these contractual negotiations, and as is prudent, we cannot reveal at this time more than what we have in this press release," said Sean Hullinger, the company's general counsel. "We will continue to keep shareholders aware of progress as it happens."
"We are firm in our commitment to providing our solutions in the U.S. and abroad in order to maximize shareholder value," concluded Roberts.
About Medical Cannabis Payment Systems
Our mission is to provide end-to-end management, across multiple management systems, for medicinal marijuana operations. Many medicinal marijuana companies have experienced such rapid growth that they are finding it difficult to manage all aspects of their operation. In order to become a successful and compliant medicinal marijuana operation, effective management must depend on many different systems. REFG solves the fragmentation problem by identifying tools that are important to dispensaries, and customizing those tools specifically catered to the industry. We strive to create awareness within the medicinal marijuana industry and to develop an environmentally friendly, economically sustainable business while increasing shareholder value. For more information, please visit the company's website at: www.refg.co.
FORWARD-LOOKING STATEMENT
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of REFG, Inc. to be materially different from the statements made herein.