- Developments in North American cannabis market present opportunities
- Recreational cannabis now legal in 10 states, medical in 33
- Alliance formed between Canadian Mary’s Wellness and U.S.-based Winterlife, both Redfund clients
As Aesop’s Fables teach, “In union, there is strength.” This time-tested proverb is being put to action through the strategic alliance created between two portfolio clients of Canadian merchant bank Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4). In mid-December, Redfund clients Mary’s Wellness Ltd. and Winterlife Inc. detailed plans to join forces for a global cannabis products launch (http://nnw.fm/U4Pw1). Redfund targets companies in the mid to late stages of development with a variety of capital financing solutions. The merchant bank is focused on the medical cannabis, hemp and CBD sectors of the health care industry.
The pact between Mary’s Wellness and Winterlife follows in the wake of felicitous developments in the North American cannabis market. On October 17, 2018, the legalization of recreational cannabis in Canada took effect. A month later, two more U.S. states – Missouri and Utah – legalized medical marijuana, bringing to 33 the number of states that have done so. Medical marijuana is also legal in…
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