Redfund Capital (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) today announced an expansion of its current advisory agreement with Wahupta Ventures Inc. to include new financing. According to the update, Redfund Capital has agreed to invest up to $1,000,000 into Wahupta Ventures Inc., with proceeds intended to assist in building its extensive and growing Canadian hemp footprint. Headquartered in Canada and the U.S., with offices in Winnipeg Manitoba, Vancouver, British Columbia, and Orange County, California, Wahupta has positioned to be a hemp industry leader from farm to table with CBD and hemp products through strategic joint ventures, partnerships, and acquisitions. The company’s partnership with Naturally Splendid Enterprises, a Canadian-based hemp food manufacturer, provides access to the extensive North American supply chain with numerous distribution points. “We believe strongly in the team and their vision at Wahupta, and are eager as well to work with their partner Naturally Splendid in developing client and proprietary hemp products,” Redfund CEO Meris Kott stated in the news release. “We look forward to helping assist Wahupta to the next level of their strategic plan with additional capital.”
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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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