Vancouver-based Redfund has agreed to invest up to $1 million in Wahupta to help build out its growing Canadian hemp operations.
Redfund Capital provides debt and equity funding in the mid-to-late stages of a target cannabis company’s development. Its focus is on companies specializing in medical cannabis as well as health care and hemp and CBD-related products.
Wahupta, which is based in Canada, cultivates, processes and extracts hemp and cannibidiol (CBD) in collaboration with sovereign Indigenous communities throughout North America. The company is also partnered with Canadian hemp-food manufacturer Naturally Splendid Enterprises.
“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,” said Redfund CEO Meris Kott. “We look forward to helping assist Wahupta to the next level of their strategic plan with additional capital.”
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