NetworkNewsBreaks – Medical Cannabis Payment Sol
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Posted On: 05/25/2018 8:30:21 PM
NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) Acquires Two New Marijuana Strains, Pursues Additional Cultivation Licenses
Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced that it has acquired two marijuana strains called GrapeApe and Birthday Cake from the strains’ creator. GrapeApe, an indica strain, has tested at approximately 33 percent THC by volume. Birthday Cake is a sativa strain that is approximately 15 percent THC and 15 percent CBD by volume. REFG also said that it intends to obtain additional licenses for marijuana cultivation via its newly-acquired subsidiary, SpeedyGrow. The company will also work to develop licensing agreements with other state-sanctioned cannabis businesses. Additionally, the company announced that it has passed a resolution to increase the authorized shares from 490 million to 690 million ahead of its upcoming Regulation A offering. “We are strong advocates for state-sanctioned marijuana. We have teamed with excellent partners in SpeedyGrow. This acquisition positions us to have two very highly successful strains to grow, market and license,” Medical Cannabis Payment Solutions CEO Jeremy Roberts stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced that it has acquired two marijuana strains called GrapeApe and Birthday Cake from the strains’ creator. GrapeApe, an indica strain, has tested at approximately 33 percent THC by volume. Birthday Cake is a sativa strain that is approximately 15 percent THC and 15 percent CBD by volume. REFG also said that it intends to obtain additional licenses for marijuana cultivation via its newly-acquired subsidiary, SpeedyGrow. The company will also work to develop licensing agreements with other state-sanctioned cannabis businesses. Additionally, the company announced that it has passed a resolution to increase the authorized shares from 490 million to 690 million ahead of its upcoming Regulation A offering. “We are strong advocates for state-sanctioned marijuana. We have teamed with excellent partners in SpeedyGrow. This acquisition positions us to have two very highly successful strains to grow, market and license,” Medical Cannabis Payment Solutions CEO Jeremy Roberts stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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