- Company is partnering with Paper Lantern, LLC to deploy the nation’s largest mobile hemp CBD processing service
- Strategic growth offered in the hemp and cannabis industries through diversified services
- Green cashless payment solution platform remains at the core of REFG’s services
Medical Cannabis Payment Solutions (OTC: REFG), a company specializing in state-of-the-art financial services for the medical cannabis and banking industries, recently announced an agreement with a subsidiary of Paper Lantern, LLC that will result in the nation’s largest mobile hemp CBD processing service. The partnership leverages Paper Lantern’s technologies while expanding access to its business pipeline (http://cnw.fm/zYQ9f).
These groundbreaking mobile hemp CBD extraction labs will be used at hemp farms owned and operated by REFG, as well as farms that have entered into processing agreements with the company. The labs will offer economic benefits, improved processing efficiency, reduced energy consumption and greater control over product quality, all while eliminating redundant layered costs such as transportation. Farmers and capital partners will gain the competitive edge and improved ability to manage supply and demand from seed to sale through this new venture. Plans are in place to have the mobile extraction units established in time to take advantage of the October 2018 harvest.
In a news release, Jeremy Roberts, CEO of Medical Cannabis Payment Solutions, stated, “Our mobile extraction partnership is another step forward in our plan to participate in the hemp and cannabis industries at strategic levels.” The company recently announced plans to acquire land and licenses in various states through its SpeedyGrow subsidiary, further emphasizing strategic growth through diversification within the industry. REFG has expanded into Utah and Colorado with additional plans to grow industrial hemp in Vermont.
Despite the new revenue streams, the company maintains the ‘Green’ platform, a cashless payment solution ensuring FinCEN compliance, as the core of its services. Merchant clients in need of a payment processing and comprehensive banking solution can sign up online. Green is the first and only comprehensive card processing operation that tracks sales and tax collection and empowers businesses with an advanced client management system.
For more information, visit the company’s website at www.Take.Green
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