FinCanna Investment Refined Resin Technologies Inc. Secures First Purchase Order in the Minimum Amount of US$840,000 Refined Resin a Premier Bulk Producer of THC Distillate and High-Value Concentrates for California’s Growing
FinCanna Investment Refined Resin Technologies Inc. Secures First Purchase
Order in the Minimum Amount of US$840,000
Refined Resin a Premier Bulk Producer of THC Distillate and High-Value Concentrates for California’s Growing
Demand of Extracts Receives First Purchase Order from a Prominent California Brand
VANCOUVER, British Columbia, Sept. 26, 2018 -- FinCanna Capital Corp. (“ FinCanna”) (CSE: CALI) (OTCQB: FNNZF) a
royalty company for the US licensed medical cannabis industry, is pleased to announce that its investee company Refined
Resin Technologies Inc. (“Refined Resin”) of Oakland, California has received its first purchase order for THC distillate in the
amount of US$840,000. Refined Resin is a cannabinoid research and refinery company that provides B2B products and
services to licensed brands, dispensaries and distributors in the medical cannabis supply chain.
This purchase order was received from a high volume, top California cannabis brand that manufactures a diversified product
line, which is distributed across the state. The purchase order of $840,000 is specified as a minimum annual amount with the
expectation that monthly volumes and associated payments could escalate based on consistent delivery and performance.
Refined Resin continues to meet with suppliers, contractors and potential customers in support of its commercial launch
expected in early 2019. The company anticipates that this will be the first of a series of purchase orders it will acquire based
on advanced discussions in progress with a number of interested parties.
Refined Resin is currently retrofitting a legally zoned, state-of-the-art medical cannabis extraction laboratory, in Oakland,
California. Accordingly, this purchase order is non-binding as the Refined Resin facility is under construction and Refined
Resin must also complete the licensing process. The facility is targeted to be fully operational by early 2019.
“To secure a large purchase order from a top California brand is a testament to the stature of the Refined Resin team and
bodes well for future demand,” said Andriyko Herchak, President and CEO of FinCanna Capital. “Refined Resin’s principals
have extensive experience in extraction, manufacturing, business operations and marketing that is evidenced by their ability to
obtain an order of this size while still completing their production facility. This accomplishment is a clear demonstration of their
ability to grow a lucrative business which should be highly rewarding for the Refined team and our FinCanna shareholders.”
It is Refined Resin’s intention to become a premier producer of bulk quantities of THC distillate and various high value
concentrates produced via hydrocarbon-based solvent extraction. The company plans to provide white-labeling services to
licensed brands and infused product manufacturers.
About Refined Resin Technologies Inc.
Refined Resin Technologies, based in Oakland, California, is a cannabinoid research and refinement company focussed on the
medical cannabis industry to provide B2B products and services to licensed dispensaries, infused product manufacturers and
numerous others in the medical cannabis supply chain.
About FinCanna Capital Corp.
FinCanna provides financing to top-tier companies in the licensed medical cannabis industry in exchange for a royalty on
revenues. FinCanna, led by a team of finance and industry experts, is building its diversified portfolio of royalty investments in
scalable, best-in-class projects and companies in U.S. legal states, with a focus on California. For additional information
visit www.fincannacapital.com and FinCanna’s profile at www.sedar.com.
FinCanna Capital Corp.
Andriyko Herchak, CEO & Director
Investor Relations:
Arlen Hansen
Kin Communications
1-866-684-6730
Forward-Looking Information
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-
looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often
address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or
occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without
limitation, statements about the market for, and effectiveness of, Refined Resin Technologies Inc. products or services, the
ability of Refined Resin to expand operations and generate sales and revenues, the results of operations of Refined Resin and
the timing thereof, the completion of FinCanna’s investment in Refined resin, FinCanna’s ability to fund and source future
projects, and FinCanna’s ability to earn and realize revenues from its investee companies. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results,
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