Redfund Capital Corp (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF) is pleased to announce it is opening one of the first medical cannabis merchant banks.

Redfund Capital Corp is set to become a global top tier medical cannabis incubator and accelerator providing unique debt and equity funding instruments to companies which require project specific financing to fast-track their business plans. Redfund’s merchant bank will provide an alternative source of capital through loans to bridge finance and help medical cannabis focused companies build their valuation, and grow their company without diluting their equity prematurely. The merchant bank is uniquely positioned to nurture its portfolio companies towards organic growth, public listings, and merger and acquisition strategies, through its incubator model.

“The first focus of our merchant bank will be the financing of medical cannabis, CBD and hemp companies. Our initial portfolio companies will be announced in the next week, and we believe their strong business fundamentals and upside potential will bring immediate value to our shareholders,” stated Meris Kott, CEO, Redfund Capital Corp.