Miami, FL – November 21, 2019 ( NewsWire) —, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, Redfund Capital Corp. (CSE: LOAN) (OTCQB: PNNRF)

Ms. Meris Kott reports


Redfund Capital Corp. has signed a letter of intent to acquire the Sunshine State Tea Company (SSTC), based in Florida, United States.

The letter of intent was signed on Nov. 7, 2019, and will be effective for a period of 60 days or until a definitive agreement is signed between the parties. Redfund agrees to purchase 100 per cent of SSTC, which would include all formulas, rights, licences and concessions of SSTC obtained either before or after the effective date of the agreement. The company will commit to at least $500,000 of financing toward the project over a three-year period, and raise additional funds to support SSTC product expansion. Redfund will agree to a purchase price with consideration in common shares, and the valuation and amount of shares shall be agreed upon between Redfund and the Sunshine State Tea Company after completion of the due diligence process and applicable regulatory approvals.

The U.S. government legalized cannabinoid with a maximum of 0.3 per cent of THC (tetrahydrocannabinol) under the Farm Bill Act in December, 2018. In the journal Neurotherapeutics in 2015, it derived that CBD (cannabidiol), a non-psychoactive compound, can actually help reduce anxiety in people with certain anxiety-related behavioural disorders, treating stress, anxiety, depression and insomnia. Zenith Global guestimates that the U.S. CBD-filled market will reach an estimated $1.4-billion (U.S.) by 2023, making it one of the fastest-growing sectors in the overall industry.

“According to the Tea Association of America, tea is still the most consumed beverage in the [United States] next to water. Upon the signing of a definitive agreement, Redfund will have a path to its first direct revenue stream in this globally evolving CBD-infused beverage market. We will continue to expand our reach into profitable revenue streams as the CBD market expands and is given more exposure promoting its health and wellness benefits,” said Meris Kott, chief executive officer. “We are hoping to sign the definitive [agreement] in the next few weeks and look forward to pushing this CBD tea brand forward,” added Ms. Kott.

The company further wishes to announce that it has granted 100,000 options to a director. The options were issued pursuant to Redfund’s stock option plan and shall be exercisable into common shares for a period of five years being Nov. 19, 2024, at a price of 17 cents.

About Redfund Capital Corp.

Redfund partners with first-mover, high-growth companies, and provides them with access to capital, resources and infrastructure. The present focus of the merchant bank is on medical cannabis, hemp, and CBD-related and health-care-related target companies.

We seek Safe Harbor.

Original source:

About is a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies. Through its evolution, found a niche in identifying companies that can be overlooked by the markets due to, among other reasons, trading price or market capitalization. We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth. Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community. Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.

All information contained herein as well as on the website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of and should not be construed as an offer or solicitation to buy or sell securities. The information includes certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks.  This report is not without bias. has motivation by means of either self-marketing or has been compensated by or for a company or companies discussed in this article. has been compensated two million shares and two thousand five hundred dollars in consideration for its work with Redfund Capital Corp. through the date this was published. may or may not receive additional compensation, details about which can be found in our full disclosure, which can be found here, You can easily loose money investing in highly speculative small cap stocks like the ones mentioned within. Please consult an investment professional before investing in anything viewed within. When is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the website.

Add a Comment to this Post