FinCanna Portfolio Company, Refined Resin Technologies Acquires Key Distribution License Refined Resin Obtains California State Temporary Distributor License
FinCanna Portfolio Company, Refined Resin Technologies Acquires Key
Distribution License
Refined Resin Obtains California State Temporary Distributor License
VANCOUVER, British Columbia, Jan. 03, 2019 -- FinCanna Capital Corp. (“ FinCanna”) (CSE: CALI) (OTCQB: FNNZF), a
royalty company for the U.S. licensed medical cannabis industry, is pleased to announce that its investee company Refined
Resin Technologies Inc. (“Refined Resin”) of Oakland, California, has been issued its California state, “Adult-Use and
Medicinal – Temporary Distributor License” (“Temporary Distributor License”). Refined Resin is a cannabinoid research and
extraction company that provides B2B products and services to licensed dispensaries, licensed infused product manufacturers
and licensed distributors in the medical cannabis supply chain.
The acquisition of the Temporary Distributor License issued by the California Bureau of Cannabis Control is in addition to the
company’s receipt of its “Temporary Manufacturing License Adult and Medicinal Cannabis Products,” issued under the state
Type 7 license protocols previously announced. Further to the receipt of its Temporary Manufacturing License, Refined Resin
has submitted its application for its “Annual License”.
As previously announced, Refined Resin has also submitted for its Oakland City Building Permit, and expects to receive it
shortly. Upon receipt, the company will begin construction to refit its 6,000 square foot manufacturing facility that will include
installation of all manufacturing equipment required for full production.
Upon completion of construction and receipt of the required permits, Refined Resin will be moving expeditiously to fulfill
previously announced annual minimum purchase orders of $10,400,000. The company expects to add to that total based on
buying interest from a number of significant parties.
“We are pleased to see the timely acquisition of the necessary licenses as the Refined Resin team completes the regulatory
requirements for commercial operations,” said Andriyko Herchak, President and CEO of FinCanna Capital. “We look forward to
a prosperous 2019 both for the company and FinCanna shareholders as Refined Resin continues to execute its business
plan.”
Refined Resin’s intention is to become a premier producer of bulk quantities of THC distillate and various high value
concentrates produced via hydrocarbon-based solvent extraction. The company also plans to provide white-labeling services to
licensed brands and licensed infused product manufacturers who do not have direct access to compliant production facilities.
Licensed brands and licensed manufacturers who work in conjunction with Refined Resin will also be able to utilize their in-
house distribution and marketing expertise as part of their value-add service offering.
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, licensed 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 exclusively in U.S. legal states, with a focus on California.
The company is differentiated by its royalty business model that is based upon providing capital to best in class U.S. cannabis
businesses for a percentage of their top line revenue. It is a “stream of income” model that supports the growth of investee
companies by providing them with an infusion of cash on terms that are less restrictive than debt and without the requirement
to surrender a large equity stake in their business.
In return, FinCanna receives on going cash payments based on a negotiated percentage of an investee’s topline revenue.
FinCanna diversifies its risk by investing in multiple sectors to generate multiple income streams in various industry verticals.
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,
performance or achievements, or other future events, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risks
identified in the CSE listing statement available at www.SEDAR.com and other reports and filings with the applicable Canadian
securities regulators. Forward-looking statements are made based on management's beliefs, estimates and opinions on the
date that statements are made, and the respective companies undertake no obligation to update forward-looking statements if
these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities
laws. Investors are cautioned against attributing undue certainty to forward-looking statements.