Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced that it has acquired two marijuana strains called GrapeApe and Birthday Cake from the strains’ creator. GrapeApe, an indica strain, has tested at approximately 33 percent THC by volume. Birthday Cake is a sativa strain that is approximately 15 percent THC and 15 percent CBD by volume. REFG also said that it intends to obtain additional licenses for marijuana cultivation via its newly-acquired subsidiary, SpeedyGrow. The company will also work to develop licensing agreements with other state-sanctioned cannabis businesses. Additionally, the company announced that it has passed a resolution to increase the authorized shares from 490 million to 690 million ahead of its upcoming Regulation A offering. “We are strong advocates for state-sanctioned marijuana. We have teamed with excellent partners in SpeedyGrow. This acquisition positions us to have two very highly successful strains to grow, market and license,” Medical Cannabis Payment Solutions CEO Jeremy Roberts stated in the news release.
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About Medical Cannabis Payment Solutions
Medical Cannabis Payment Solutions engages in providing end-to-end management, across multiple management systems, for medicinal marijuana operations. Many medicinal marijuana companies have experienced such rapid growth that they are finding it difficult to manage all aspects of their operation. In order to become a successful and compliant medicinal marijuana operation, effective management must depend on many different systems. REFG solves the fragmentation problem by identifying tools that are important to dispensaries, and customizing those tools specifically catered to the industry. The company strives to create awareness within the medicinal marijuana industry and to develop an environmentally friendly, economically sustainable business while increasing shareholder value. For more information, visit the company’s website at www.Take.green.
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