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First Medical Cannabis Incubator-Accelerator Opens in Europe

Dave Jackson Dave Jackson, Stockhouse
0 Comments| November 6, 2018

Click to enlargeRedfund Capital Corp. (CSE: LOANOTCQB: PNNRF, Forum) – one of Canada’s first medical cannabis merchant banks – has announced the opening of its subsidiary, First Euro Cannabis. It will be the first medical cannabis incubator and accelerator in Europe, financing medical cannabis, CBD, and hemp companies.
First Euro Cannabis will focus on sourcing premium investments into the growing medical cannabis, CBD, and hemp marketplace. European cultural differences and regulations need to be handled the right way and Refund CEO & Director Meris Kott commented on this:
“A bad financing decision or strategic partnership can be fatal to any company and a small bridge loan has always been the right route to go for any company to step up to the next phase in their growth cycle. Redfund is hoping to raise over CDN$5,000,000 for First Euro Cannabis medical cannabis projects.”
Redfund believes their European team on the ground in Switzerland and London will assist the Canadian merchant bank to provide debt financing to companies currently in revenues, or with sales in their pipelines, to help jumpstart their business plans and organic growth.

First Euro Cannabis’ new going-global program will adapt to the needs and reality of these cannabis company scale-ups. This first-of-its-kind program is designed to improve the chances of a successful first-to-market international branding launch for these companies in Europe and North America.
On November 1st, 2018, the British Parliament approved legislation that will allow specialist doctors, such as neurologists and pediatricians in England, Wales, and Scotland, to prescribe medicinal cannabis – including medicines with THC – to their patients.

Global Legal Status of Cannabis for Medical Purposes

(Click on image to enlarge)

First Euro Cannabis will be spearheading initial funding into the nearly-untapped medical cannabis space in the UK. These new laws will undoubtedly help patients with a variety of debilitating medical conditions including epilepsy, multiple sclerosis, and nausea from cancer treatment. One particular form of childhood epilepsy called Dravet Syndrome is almost impossible to control but responds very well to the CBD-dominant strain of cannabis called Charlotte’s Web.
The change in law came about following two high profile cases where the mothers of two children suffering from severe epilepsy fought vigorously to get medical cannabis available for them in the UK.
About Redfund Capital

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Redfund Capital provides 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 and healthcare-related target companies.
The Company is one of the newest and most innovative names among publicly-listed medical cannabis companies and commenced trading on the CSE on August 14th, 2018.
Redfund is designed by bankers and entrepreneurs with over 100 combined years of experience in business, consulting, capital markets, corporate finance, and healthcare services. Redfund’s unique banking business model also provides a debt financing facility to help companies build their valuation and get to the next level in their financing cycle, all without giving away equity prematurely in their growth cycle.
FULL DISCLOSURE: Redfund Capital Corp. is a paid client of Stockhouse Publishing.

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