Redfund Capital Corp. Featured in Exclusive NetworkNewsWire Broadcast

NEW YORK, April 16, 2019 (GLOBE NEWSWIRE) -- via NetworkNewsAudio - Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4), a company focused on providing 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, today announces the broadcast of its exclusive audio interview with NetworkNewsAudio (NNA), a NetworkNewsWire (NNW) Solution that delivers clients unparalleled visibility, recognition and brand awareness in the investment community.

The interview can be heard at

Redfund CEO Meris Kott joins NNW host Stuart Smith in an interview that digs deep into Redfund’s business model as the first debt facility merchant bank providing financing via promissory notes, providing a stepping stone for companies as they move to their next stage of growth. Kott said she uses a “strange metaphor” when discussing Redfund’s business strategy in the small cap market.

“I compare it to dog years. So, basically in the first six months I look at it in a small cap world as the first three and a half years, and I think we’ve picked some major milestones,” she explains. “We’ve funded a little more than six companies. …We’ve put our footprint in Colombia, funding one of the largest private companies there. We’re hopeful that they get to the public markets this quarter or probably next quarter. They also have a grow in Colorado – they’re one of the first Colombian companies to actually have properties outside of Colombia as well.”

As the first medical cannabis incubator and accelerator financing medical cannabis, CBD and hemp companies through a debt facility, Redfund is effectively bridging finance gaps and helping revenue-producing medical cannabis-related companies grow and build their valuations without prematurely diluting their equity. Redfund recently increased its stake in Mary’s Wellness Ltd. by converting C$100,000 of a C$1 million convertible secured promissory note into equity. Mary’s Wellness, founded by Virginia Vidal in 2016, produces a line of cannabis-infused teas in over a dozen formulations and flavors.

“We’re looking at an amazing company in Mary’s tea, which is the sweetheart of the Canadian industry,” Kott says of Redfund’s portfolio client.

Another exciting Redfund client is Wahupta Ventures Inc., a Canadian company building an extensive and growing Canadian hemp footprint. Wahupta is positioned to be a hemp industry leader from farm to table with CBD and hemp products through strategic joint ventures, partnerships, and acquisitions. Redfund recently announced an expansion of its current advisory agreement with Wahupta Ventures Inc. to include new financing.

“I liken them to be the Canadian Charlotte’s Web,” Kott says of Wahupta Ventures.

Las Vegas, Nevada-based Cannaki Beverage Inc., a pure hemp CBD extract company, is another Redfund client. Cannaki Beverage produces natural and organic functional beverages with core products that include more than 20 different still and carbonated beverages and Nano CBD infused flavored waters. 

 “I think from a branding perspective, we really have our hands in a lot of different places,” Kott says. “From the point of view of Redfund, that’s very exciting. Every month our cash flow from our interest payments pay our G&A, which is something that is unheard of in this industry.”

Redfund’s global push includes reviewing various potential portfolio clients in Australia, New Zealand and Israel. The company’s strategic alliance with Cannabis Mercantile Exchange, also known as “Cannamerx,” is a prime example of Redfund’s global strategy.

Cannamerx is “the first live auction platform” that brings vetted clients together in the first fully automated B2B international auction platform for wholesale cannabis, cannabis products, hemp and hemp products and genetics, Kott said, noting the company has already onboarded 65 clients. 

“So for small companies that are in the CBD industry in the U.S., they can actually buy trim that they can use for their products so they don’t have to buy a big shipment of biomass,” she explains. “It’s very exciting. They’re adding, uploading European clients, Colombian clients, and I’m sure they’re looking to upload German pharma companies. It is the eBay of the industry.”

Redfund’s goal for 2019 is to raise $70 million and welcome 14 more projects into its portfolio, growing it to an even 20 clients. Convincing the marketplace that these smaller companies have revenues in excess of $2 million to $4 million when some of the larger footprints in the public markets have valuations in the hundreds of millions, yet have less revenue than the small cap company, is seen as key to reaching that goal, Kott said.

“What’s puzzling to me and what’s going to be the biggest detour or biggest obstacle is that in the capital markets right now, people are funding companies that have less revenues as a whole than some of our startups we are working with,” she said. “So that fundamental difference is probably the only roadblock ahead of us.”

Kott said she believes 2019 will be a “big year” for Redfund as it looks to raise $70 million and continues to serve the $20 million in projects currently under its portfolio.

About Redfund Capital Corp.

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

NOTE TO INVESTORS: The latest news and updates relating to PNNRF are available in the company’s newsroom at

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Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

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