viewRedfund Capital Corp.

Redfund Capital to start trading on US exchange

The cannabis merchant bank will trade on the OTCQB under the ticker symbol 'PNNRF'

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The Vancouver-based company provides debt and equity funding in the mid-to-late stages of a target cannabis company’s development

Redfund Capital Corp (CSE:LOAN) (OTCMKTS:PNNRF) announced Tuesday that it is listing its shares on the OTCQB exchange to broaden the company’s investor base in the US.

The cannabis merchant bank will trade under the ticker symbol “PNNRF.” It will continue to trade on the Canadian Securities Exchange as well as the Frankfurt Exchange.

"The listing of Redfund’s common stock to the OTCQB Exchange is an exciting milestone,” said Meris Kott, CEO of Redfund in a statement. “Even though Redfund has been a fully reporting company since its inception and listing to the Canadian Securities Exchange, or CSE, we believe that the broader exposure afforded by the OTCQB will raise our visibility within the US investment community and assist in increasing the liquidity of our common stock.”

READ: Redfund Capital provides $1M in financing to fund Cannaki Beverage

The Vancouver-based company 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 healthcare and hemp and CBD-related products.

The company recently announced a C$1 million investment into infused beverage company Cannaki Beverage Inc

Shares of Redfund were up 3.5% at C$0.15 in Canada on Tuesday midday.

--Updates share price--

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Redfund Capital Corp.

Price: 0.06 CAD

Market: CSE
Market Cap: $3.4 m

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Buds & Duds: Cannabis stocks slump Tuesday; Redfund Capital shares jump as...

Buds today are Redfund Capital Corp (CSE:LOAN) (OTCMKTS:PNNRF), OrganiGram Holdings Inc (OTCMKTS:OGRMF) (CVE:OGI), the duds taking a hit are Tilray Inc (NASDAQ:TLRY), Sunniva Inc (CSE:SNN) (OTCQB:SNNVF). 

on 04/30/2019

2 min read