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Redfund Capital signs up second client

Since medicinal cannabis was legalized it has allowed Colombia to become a global player and fostered an environment for the country to become a huge player in the international cannabis market

Map of central America
When cannabis cultivation was legalized in Colombia, Biominerales took the opportunity to diversify

Parana Copper Corporation (CNSX:COPR), soon to change its name to Redfund Capital Corp, has signed up Biominerales Pharma Corp as a client.

Redfund, a merchant bank focused on the cannabis industry, said Colombian firm Biominerales has been granted global extraction and exportation licenses for medicinal cannabis oil.

READ: Redfund Capital to finance expansion plans of medicinal cannabis cultivator, RxMM Health Capital​

The client win follows just four days after Redfund announced its first client, RxMM Health Capital.

The Biominerales (BMP) team is located in offices in Bogota and currently partners with 180 experienced cultivators, chemical engineers, agronomists and top local and international doctors. The first crop of cannabis is set to be harvested in late August 2018.

“As we expand our clientèle, our goal is to work with companies who have revenue and have shown they are leaders in the cannabis industry," said Meris Kott, the chief executive officer of Redfund.

“BMP’s cannabis licenses, ability to export globally, near-term revenues on their cultivation, make them an immediate leader in Colombia. There has been much hearsay on companies in the country that we are pleased to be partnering with a successful entity with an already established footprint,” she added.

Quick facts: Redfund Capital Corp.

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