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FinCanna Capital Corp. is a royalty company that provides growth capital to rapidly emerging private companies in the licensed U.S. cannabis industry.
CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the leading media network dedicated to the global legal cannabis, CBD and psychedelics industries, today announced the addition of FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) to its growing client roster in the cannabis industry.
FinCanna Capital Corp.
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CFN Media will leverage its proprietary digital content platform and extensive distribution network-including its flagship CannabisFN website-to attract targeted retail, accredited and institutional investors to FinCanna Capital Corp.
"We are excited to be working with FinCanna Capital," said CFN Media President Frank Lane. "With a unique royalty-based business model, the company offers the cannabis sector an alternative to debt or equity financing while providing its own shareholders with a strategically diversified cannabis portfolio that spins off high margin royalty revenue."
FinCanna Capital's active investment portfolio includes QVI Inc., a cannabis-infused product manufacturer, Cultivation Technologies Inc., an award-winning extraction and manufacturing enterprise, and ezGreen Compliance, an enterprise compliance and point of sale software solution targeting the nascent cannabis industry.
The company is primarily focused on the California cannabis industry, which generated $3.1 billion in 2019 revenue, according to Arcview Market Research and BDS Analytics, making it the largest cannabis market in North America. Prohibition Partners projects that the state licensed cannabis market is projected to reach $43.9 billion by 2024.
Andriyko Herchak, CEO of FinCanna Capital, stated, "CFN Media is widely recognized as being a leading source for news and information in the cannabis sector and as such have developed a great following from investors following the sector. We expect a number of positive developments with our investee companies as we move into 2021 and look forward to sharing the FinCanna story with CFN's highly informed audience."
About FinCanna Capital Corp.
FinCanna is a royalty company that provides growth capital to rapidly emerging private companies operating in the licensed U.S cannabis industry. The Company earns its revenue from royalties paid by its investee companies that are calculated based on a percentage of their total revenues.
FinCanna's scalable royalty model provides an attractive alternative or complement to debt or equity financing for its investee companies. FinCanna is focused on delivering high impact returns to its shareholders by way of a strategically diversified investment portfolio.
For additional information visit www.fincannacapital.com
For FinCanna's cautionary note regarding forward-looking information visit: https://www.fincannacapital.com/corporate/forward-looking-statement/
Follow FinCanna on Twitter: @fincannacapital
About CFN Enterprises Inc.
CFN Enterprises Inc. (OTCQB: CNFN) is a digital media and ecommerce company focused on advancing businesses and brands in highly regulated emerging industries across the globe. CFN connects investors with new market opportunities while helping consumers find innovative products that enhance their lives. Learn more at www.cfnenterprisesinc.com.
CFN Enterprises Inc. Media Contact:
CFN Enterprises Inc.
+001 (833) 420-CNFN
investors@cfnenterprisesinc.com
FORWARD-LOOKING STATEMENT
Use of Forward-looking Statements
This press release may contain forward-looking statements from CFN Enterprises Inc. within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when CFN Enterprises Inc. describes Next Green Wave's business, and uses other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions, CFN Enterprises Inc. is using forward-looking statements. These forward-looking statements are based on the current expectations of the management of CFN Enterprises Inc. only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: regulatory and licensing risks; changes in general economic, business and political conditions, including changes in the financial markets; the regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; changes in applicable laws; compliance with extensive government regulation; public opinion and perception of the cannabis industry; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products and services; or, loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of CFN Enterprises Inc. to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, CFN Enterprises Inc. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting CFN Enterprises Inc., reference is made to CFN Enterprises Inc.'s reports filed from time to time with the Securities and Exchange Commission.
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