Redfund Capital (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF) this morning announced the formation of a strategic alliance between two of its portfolio companies, Winterlife Inc. and Mary’s Wellness Ltd., to begin a global cannabis product launch. The two companies are working together to first launch Mary’s Wellness, a well-known Canadian tea brand, into the US. In addition to a planned Canadian introduction once CBD edibles are permitted in the country, Winterlife is also working on its own massive US expansion by branding a new suite of Winterlife CBD products.
“The emphasis on globalization for Mary’s Wellness signals Redfund’s commitment to our rapidly growing array of international clients in our portfolio. Helping companies organically grow and build their valuation by increasing their revenues has always been at the core of our business model. We look forward to Winterlife’s national expansion and Mary’s Wellness launch abroad and both companies looking to the Public Markets for their own listings in 2019,” 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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