Redfund Portfolio Clients Form Strategic Alliance to Launch Branded Products

VANCOUVER, British Columbia, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Redfund Capital Corp (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF) ("Redfund" or the "Company") announces strategic alliance between Winterlife Inc. and Mary's Wellness Ltd. to begin global cannabis products launch.

Cannabis industry observers feel that we are on the threshold of what could be a global branding battle. Redfund is pleased to announce that two of our investments representing branded cannabis products, Winterlife Inc. and Mary's Wellness Ltd. have collaborated together to form a strategic alliance to first launch Mary's Wellness a well known Canadian tea brand into the USA. Both brands represent the best in class with their product lines.

Winterlife is embarking on their own vast, multi-state USA expansion by branding a new set of Winterlife CBD products, that is free of THC, is 100% organic, vegan and gluten free, and a Canadian introduction, once CBD is acceptable in edibles in the country. Winterlife's famous gourmet cookies, tinctures and capsules manufactured in Washington State will all be available as SKUs.

Mary's Wellness current product line is 100% clean and organic, focused on medicinal cannabis and has a total of 18 varieties of convenient on-the-go infused brews and is poised to launch into the USA immediately through the Winterlife alliance.

"In business, cooperation is the key to growth. Mary's Wellness stands out as a complementary brand to Winterlife Cannabis and Winterlife CBD. We are excited to help Virginia launch her infused brew on-the-go tea products into Washington State and expand nationally. Our consumers will benefit from a wider selection of healthy natural products," said Charity Cox, Winterlife Inc.

"Mary's Wellness is an experience into traditional authenticity; our family is beyond happy to bring our portfolio of Cannabis Wellness Beverages to an expanded market with the assistance of Winterlife Inc. We can also look forward to continued growth into a global brand with Redfund," stated Ricardo Batho, Mary's Wellness Ltd.

"The emphasis on globalization for Mary's Wellness signals Redfund's commitment to our rapidly growing array of international clients in our portfolio. Helping companies organically grow and build their valuation by increasing their revenues has always been at the core of our business model.  We look forward to Winterlife's national expansion and Mary's Wellness launch abroad and both companies looking to the Public Markets for their own listings in 2019," stated Meris Kott, CEO, Redfund Capital Corp.

About Redfund Capital

Redfund intends to provide debt and equity funding in the mid-to-late stages of a target company's development, or in technologies that are developed and validated by revenues. The present focus of the merchant bank is on medical cannabis, hemp and CBD-related, healthcare-related target companies.

For further information please visit www.redfundcapital.com

For more information on Redfund Capital contact Meris Kott CEO 604.484.8989 0r [email protected]

Further information about the Company is available on www.SEDAR.com under the Company's profile.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this release may constitute "forward?looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.