Funding
We now have two funding sources committed to a total of $4 million in financing for Rapid Fire Marketing. At this time, we are building out a plan for the money which includes all the vaporizers, accessories, and spare parts we intend to order through the end of this year.
These funding vehicles are equity based, rather than debt. Since we actually know our funders, we are committed to working as a team to achieve the objectives of the Company, its investors as well as the funders.
The current funding is typical of pink sheet stocks, and the new and improved funding requires us to be fully reporting. I believe we are winding down the use of short term funding for this Company. Additionally, with our now completed business plan, we have authored a stock purchase agreement (SPA) for investors that want to invest directly into the Company. It is possible we will use this as a funding mechanism as well