- Online state-of-the-art financial service serving the medical cannabis and banking industries is growing
- Company has now acquired Colorado-licensed SpeedyGrow and organic soil accelerator SpeedyVeg
- REFG has also acquired two marijuana strains from the strains’ creator, with plans for more growth
Medical Cannabis Payment Solutions (OTC: REFG) is a state-of-the-art financial services company serving the medical cannabis and banking industries. The company brought to market the first and only comprehensive card processing operation of its kind. This innovative system tracks sales and tax collection, eliminates the need to deal in cash-only transactions, offers online enrollment and empowers businesses with an advanced client management system. Once focused solely on Green, its comprehensive financial program for state-legalized cannabis markets, the company is now in the process of accelerating its growth.
In May, REFG announced its acquisition of SpeedyGrow, a Wyoming corporation licensed to grow and process hemp in Colorado, and SpeedyVeg, a proprietary formula to grow healthy plants and maximize yield. In a news release, Jeremy Roberts, CEO of REFG, stated, “We weren’t initially anticipating entering this space. But after careful consideration, the opportunity to expand our footprint in the state-sanctioned cannabis space was too good of an opportunity for our shareholders to pass up.” While the company’s energies will remain centered on providing best in class payment processing and banking services, this acquisition provides another revenue stream for REFG investors (http://cnw.fm/Dd3qL).
Soon after acquiring SpeedyGrow and SpeedyVeg, REFG announced its acquisition of two marijuana strains, GrapeApe and Birthday Cake, from the strains’ creator. GrapeApe is an indica strain tested at approximately 33 percent THC by volume, while Birthday Cake is a sativa strain tested at approximately 15 percent THC and 15 percent CBD by volume. These two highly successful strains position REFG to grow, market, acquire additional licenses for marijuana cultivation and develop licensing agreements with other state-sanctioned cannabis establishments. Additional cultivation licenses will be sought via the newly acquired SpeedyGrow (http://cnw.fm/JHd0k).
“This is just the beginning,” David Schenk, president of SpeedyGrow, added. “We are making great progress and expanding our reach into the state-sanctioned marijuana space.”
For more information, visit the company’s website at www.Take.Green
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