Royalty company serving the U.S. licensed medical cannabis industry FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) today provided commentary on the announcement of The Secure and Fair Enforcement (SAFE) Banking Act (H.R. 1595). On March 28, 2019, the bill was approved by the House Financial Services Committee, and it will now advance to the House floor for deliberation by the full legislative assembly. If passed, the bill will allow financial institutions to legally provide services to cannabis-related businesses operating in compliance with state laws. “This bill represents an important development in the continuing evolution of the industry,” FinCanna Capital CEO Andriyko Herchak stated in the news release. “As an investor in several rapidly emerging companies we know that access to banking services will significantly reduce transaction costs and increase the growth potential for businesses across the sector. Importantly, it also supports both safety and transparency for industry participants in what has been historically a cash-only enterprise.”
To view the full press release, visit http://nnw.fm/Nxf3m
About FinCanna Capital Corp.
FinCanna provides financing to top-tier companies in the licensed medical cannabis industry in exchange for a royalty on revenues. FinCanna, led by a team of finance and industry experts, is building its diversified portfolio of royalty investments in scalable, best-in-class projects and companies in U.S. legal states, with a focus on California. For additional information visit www.FinCannaCapital.com
NOTE TO INVESTORS: The latest news and updates relating to FNNZF are available in the company’s newsroom at http://nnw.fm/FNNZF
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]