02:58:06 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Redfund Capital Corp
Symbol LOAN
Shares Issued 46,921,111
Close 2019-02-21 C$ 0.215
Market Cap C$ 10,088,039
Recent Sedar Documents

Redfund arranges $1M financing with Wahupta Ventures

2019-02-21 06:04 ET - News Release

Mr. Meris Kott reports

REDFUND CAPITAL AND WAHUPTA VENTURES AGREE TO FINANCING

Redfund Capital Corp. has expanded its current advisory agreement with Wahupta Ventures Inc. to include a new financing.

Redfund Capital agrees to invest up to $1-million into Wahupta Ventures and the proceeds to be used to help build its extensive and growing Canadian hemp footprint.

Wahupta Ventures is headquartered in Canada and the United States, with offices located in Winnipeg, Man., Vancouver, B.C., and Orange county, California. Wahupta is focused on the cultivation, production, processing, and extraction of hemp and cannabidiol (CBD), while simultaneously creating key collaboration with sovereign indigenous communities throughout North America. It is Wahupta's core value to work with its partners to develop emerging opportunities that do not currently exist in communities. It has established strategic joint ventures, partnerships and made acquisitions, which position Wahupta to be a hemp industry leader from farm to table with CBD and hemp products. Its partnership with Canada-based hemp food manufacturer Naturally Splendid Enterprises gives it access to the extensive North American supply chain with numerous points of distribution.

"We believe strongly in the team and their vision at Wahupta, and are eager as well to work with their partner Naturally Splendid in developing client and proprietary hemp products. We look forward to helping assist Wahupta to the next level of their strategic plan with additional capital," said Meris Kott, chief executive officer.

About Redfund Capital Corp.

Redfund intends to provide debt and equity financing 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, health-care-related target companies.

We seek Safe Harbor.

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