FastFunds Establishes Partnership to Focus on Cannabis Opportunities
February 19th, 2014
News, Top Story
FastFunds Financial Corporation (OTCQB: FFFC), a financial services company with a single credit card services portfolio, recently launched Cannabis Angel, Inc. as a wholly-owned subsidiary to provide financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects.
Recently, Cannabis Angel signed an agreement with Merchant Business Solutions LLC to form Cannabis Merchant Financial Solutions, Inc. to focus on the financial needs of cannabis related businesses. Cannabis Angel will own 49% of this entity and has executed a consulting and financing support agreement to the new entity.
Read the entire press release discussing the joint venture here:
FastFunds Financial Corporation’s (“FastFunds” or the “Company”) (OTCQB:FFFC) wholly-owned subsidiary, Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects, and Minnesota-based Merchant Business Solutions, LLC (“MBS”), a provider of financial solutions and products to businesses, have signed an agreement to form Cannabis Merchant Financial Solutions, Inc. (“CMFS”) to focus specifically on the financial needs of cannabis related businesses. Cannabis Angel will own 49% of this entity and has executed a consulting agreement to provide general business consulting services and financing support to MBS and CMFS.
MBS, in operation since 2006, is focused on providing financial services to small businesses including credit card processing, ATM services, cash advance and business financing, leasing, accounting software integration and debit/gift cards. MBS has served over 1,000 clients and has processed over $400,000,000 in credit card processing transactions to an array of businesses including restaurants, gas stations, online business, hotels and motels, convenience stores and other small businesses. MBS has many partner relationships with cash advance services, hardware vendors, ATM and credit card processing companies. Their partnerships cover some of the leading financial services companies both nationally and internationally. With these vast relationships, MBS is in a position to build the best solutions for a particular client’s needs.
CMFS will be focused on providing a custom built suite of MBS’s services to cannabis related businesses initially focusing on Colorado, but eventually moving to Washington and other States with medical cannabis sales.
Henry Fong, Chief Executive Officer of FastFunds and Cannabis Angel, stated, “We are very pleased to be partnering with an experienced company like MBS and intend to hit the ground running given the recently announced guidelines provided by the federal government to banks for working with Cannabis dispensaries.”
Kurt Martig, MBS managing member and founder said, “We are excited about entering this rapidly growing new business sector that has had extremely limited access to these types of services. We believe we have the experience, know-how and wide range of products to offer cannabis businesses financial solutions they have long needed to effectively serve their clients and help to grow their businesses.”
About FastFunds Financial Corporation
FastFunds Financial Corporation is a holding company that is publicly traded on the Over-the-Counter QB under the symbol “FFFC.” The Company currently operates in the financial services industry segment with a single credit card services portfolio. The Company is currently seeking new business opportunities to diversify and complement our current services and products, enhance our technical capabilities and offer growth opportunities for our stockholders; and recently announced the formation of Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects.
This news release may include “forward-looking statements” regarding FastFunds Financial Corporation, and its subsidiaries, business and project plans. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where FastFunds Financial Corporation expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. FastFunds Financial Corporation does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About CFN Media Group
CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.