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Classified in: Mining industry

Redfund Capital and Wahupta Ventures Agree to Financing

VANCOUVER, British Columbia, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Redfund Capital Corp (CSE: LOAN) (Frankfurt: O3X4) (OTC: PNNRF) ("Redfund" or the "Company") expands their current advisory agreement with Wahupta Ventures Inc. to include new financing.

Redfund Capital agrees to invest up to $1,000,000 into Wahupta Ventures Inc. and the proceeds to be used to help build their extensive and growing Canadian hemp footprint.

Wahupta Ventures Inc. is headquartered in Canada and the US, with offices located in Winnipeg Manitoba, Vancouver, British Columbia, and Orange County, California. Wahupta is focused on the cultivation, production, processing, and extraction of hemp and cannibidiol (CBD), while simultaneously creating key collaboration with sovereign Indigenous communities throughout North America.  It is Wahupta's core value to work with its partners to develop emerging opportunities that do not currently exist in communities. They have established strategic joint ventures, partnerships, and made acquisitions, which positions Wahupta to be a hemp industry leader from farm to table with CBD and hemp products.  Their partnership with Canadian based hemp food manufacturer Naturally Splendid Enterprises gives them access to the extensive North American supply chain with numerous points of distribution.

 "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. We look forward to helping assist Wahupta to the next level of their strategic plan with additional capital," said Meris Kott, CEO.

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 or info@redfundcapital.com 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.

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News published on 21 february 2019 at 02:00 and distributed by: