Redfund Capital Corp (CSE:LOAN) (Frankfurt:O3X4) (OTC:PNNRF) (“Redfund” or the “Company”) has signed a term sheet and has agreed to fund CANNAKI BEVERAGE INC. a nano CBD flavored water company.
CANAKI BEVERAGE COMPANY, INC., http://cannaki.com more commonly known as CANNAKI®, manufactures natural and organic functional beverages. Based in Las Vegas, USA, the Nevada company’s core products are still and carbonated beverages and specialize in Nano CBD infused flavored water. Their CBD is farm-direct and ISO certified to contain Zero THC. CANNAKI also manufactures and sells other organic, kosher and vegan products and soon launching a new line of Hemp and Guayusa beverages in April 2018. Their mission is to make great tasting beverages without sacrificing quality. To blend botanical nutrition with “KI” natural goodness. To create a world of beverages with integrity and transparency — with no limits on taste, quality, geography or imagination. CANNAKI’S core values guide them in their quest.
“Global bottled water market was valued at $198.4 million in 2017, and is expected to reach $307.3 million by 2024, expanding at a CAGR of 6.4% during the forecast period 2024 End. Bottled water is packaged drinking water that is purified and free from contamination. It is available in plastic and glass water bottles, and is the most convenient way for the body to fulfill its hydration needs being easily available in nearby retail stores and supermarkets. (https://www.researchreportinsights.com/report/rd/110114577/Bottled-Water-Market)
Redfund Capital has signed a convertible note term sheet with Cannaki Beverage Company for USD $1,000,000 at a rate of 14% interest with a term of 2 years. Redfund and Cannaki will be finalizing a promissory note and security document in the next week and will disclose details of the completed transaction at that time.
“Partnering with a water company with a strong footprint is a tremendous opportunity for Redfund. Cannaki has one of the largest varieties of water based SKUS in the marketplace and is continuing to increase their varieties. Cannaki has still, sparkling, flavored, plus Pet water, and a global presence as well. Redfund has filed an OTCQB listing application in order to continue to build our US presence. ” stated 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 0r firstname.lastname@example.org
Further information about the Company is available on www.SEDAR.com under the Company’s profile.
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