- 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…
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization 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. 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
Editor@NetworkNewsWire.com