Medical Cannabis Payment Solutions (OTC: REFG), a Nevada corporation specializing in state-of-the-art financial services structured to serve the medical cannabis and banking industries, announced today that it has acquired SpeedyGrow, a Wyoming corporation with licenses to grow and process hemp in the state of Colorado. The company extracts full spectrum CBD. Along with the acquisition, Medical Cannabis Payment Solutions also acquired SpeedyVeg (speedyveg.com), a proprietary, organic soil nutrient with specific benefit to growing healthy plants and maximizing yield.
“We weren’t initially anticipating entering this space,” said Jeremy Roberts, CEO of Medical Cannabis Payment Solutions. “But after careful consideration, the opportunity to expand our footprint in the state-sanctioned cannabis space was too good of an opportunity for our shareholders to pass up.”
“We are excited to come into the Medical Cannabis Payment Solutions family,” said David Schenk, SpeedyGrow’s President. “We have had a remarkable experience working with Jeremy and his team. We believe the future is bright for our combined company.”
“We continue to focus on our core competency, which is providing best-in-class payment processing and banking services,” said Mr. Roberts. “This acquisition is yet another revenue stream for our investors.”
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