Redfund Capital Corporation (CSE:LOAN) (Frankfurt: O3X4) (OTC: PNNRF) (Redfund or the “Company”) is pleased to announce Biominerales Pharma Colombia (“BMP”) have received their first wholesale contract and purchase order.
Today’s announcement follows Redfund Capital’s mandate to finance companies in revenues or near sales in their pipelines. Biominerales Pharma’s anticipated annual revenue generated from these contracts is up to CDN $6,200,000. As part of the contracts, BMP has signed commitments in their purchase orders for deliverables in pounds of biomass for the current harvest year of 2018 as is the standard of the cannabis industry.
“I am very proud of BMP working with their team for reaching this new milestone of a first wholesale order. There’s no better way to symbolize committed efforts than cementing it with purchase orders. We congratulate Adriana and look forward to helping her build her brand globally,” stated Meris Kott, CEO.
Redfund Capital also announces that it completed the second tranche of their US$3,000,000 promissory note to BMP announced on August 30th and signed on August 23, 2018.
About Biominerales Pharma
Biominerales Pharma SAS is positioning itself to be a meaningful player in providing Hemp Biomass, CBD Oil with and without THC and Full Spectrum CBD Oil. We have multiple grow operations located in close proximity to Cali, Colombia, which feature in-door and outdoor operations. Our production capacity will also be augmented by farm operations in the USA, currently in Colorado and other US States that are under development.
For further information please visit www.biomineralespharma.com
About Redfund Capital
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, healthcare-related target companies.
For further information please visit www.redfundcapital.com
For more information on Redfund Capital contact Meris Kott CEO 604.484.8989 0r firstname.lastname@example.org
Further information about the Company is available on www.SEDAR.com under the Company’s profile.
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