Redfund Capital Corp (CSE:LOAN; OTC:PNNRF) said Tuesday that the Canadian cannabis-focused merchant bank was committed to following a gender equality funding strategy and would finance women-led medical cannabis companies.
“The funding of medical cannabis, CBD and hemp related companies remains the core focus of Redfund Capital,” said Redfund Capital CEO Meris Kott.
The bank said it is currently reviewing multiple women-led projects and would announce a list of clients once promissory notes had been signed with the entrepreneurs.
Redfund Capital is a cannabis merchant bank that provides an alternative source of capital through a debt facility to bridge finance and helps revenue producing cannabis-related companies build their valuation, and grow their company without diluting their equity prematurely, while helping move them toward being publicly listed.
Redfund said one of its directors would moderate a panel at the Institutional Capital & Cannabis Conference (IC3) in New York on October 22.
Contact Uttara Choudhury at [email protected]