NEW YORK, Nov. 19, 2018 (GLOBE NEWSWIRE) -- via NetworkNewsAudio -- NetworkNewsAudio (NNA), a NetworkNewsWire (NNW) Solution that delivers clients unparalleled visibility, recognition and brand awareness in the investment community, today announces the online availability of its interview with Redfund Capital Corp. (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF), a client of NNW focused on providing 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 interview can be heard at http://nnw.fm/6HXSh
NNW’s Stuart Smith introduces Redfund Capital Corp. CEO Meris Kott in an interview that highlights the company’s business model, prolific milestones and strategic initiatives.
Redfund Capital specializes in debt and considers itself the first cannabis merchant bank debt facility, providing loans to companies in the space, namely in medical cannabis, hemp and cannabidiol (“CBD”) sectors. Redfund reviews companies with revenues upward of USD$2 million or with a minimum of USD$1 million in the pipeline. Rather than start-ups and small businesses, Redfund pursues portfolio companies moving to the next stage of growth.
“We’re focusing mainly on brands and products, although in our portfolio we have some really interesting cutting-edge technologies,” Kott explains. Redfund is “first in a lot of areas,” she explains, highlighting the company’s recent opening of First Euro Cannabis, which is Europe’s first accelerator and incubator in the medical cannabis space.
After discussing the team of professionals at Redfund, Kott, the first female CEO of a medical cannabis merchant bank for the Canadian securities exchange, highlights several of the company’s major milestones, including its listing on the Canadian exchange.
“We did a reverse into a company that was trading. However, being the first medical cannabis-focused merchant bank was a real milestone for us,” says Kott.
In addition, the company has closed five projects, with 11 currently open, reflecting significant progress for the new bank with 16 companies in the pipeline at various stages. The company hopes to close, disperse and allocate close to USD$70 million, the equivalent of approximately CAN$100 million for 20 companies in 2019.
Fully immersed in the market, Kott expresses optimism for the new and rapidly expanding industry. “It’s a global footprint. It’s an industry going global,” she states, reviewing recently expanded legislation in Texas, Florida, Canada and the UK.
The interview closes with Kott’s vision of open opportunity for Redfund and its major mission to transform its portfolio companies into a global brand.
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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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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