Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) this morning issued an update on the operations of Mary’s Wellness Ltd. (“Mary’s”), a best-in-class cannabis infused tea beverage company. Per the update, Redfund is currently conducting active discussions with UK-, Switzerland-, Colombia- and Portugal-based partners to assist in the launch of Mary’s products. The company intends to collaborate with Mary’s team using third party metrics from groups including the UN Human Development Index and the International Labor Association to verify the ethics and quality of the companies from which it sources its tea and coffee products. Mary’s is now working with its legal team to prepare filing documentation for the Canadian Federal government ahead of the release of regulatory information on new licensed classes of cannabis for edibles. Mary’s is also discussing production of its infused tea products with various Canadian LPs in anticipation of licensing approval.
“Tea has always been the feel good go-to-brew for a healthy lifestyle. Creating a worldwide brand like Starbucks is exactly what we are planning with Mary’s. Our goal for the first quarter of 2019 is to finance and list Mary’s Wellness Ltd. on a public exchange. Promoting cannabis infused medicinal teas will be a very rewarding team effort and we are looking forward to it,” Redfund Capital CEO Meris Kott stated in the news release.
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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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