Medical Cannabis Payment Solutions (REFG) Investor Relations
The company’s proprietary payment system, referred to as “Green” or “Take.Green,” offers one of the first and only comprehensive card processing solutions to serve state-sanctioned marijuana industries. After considerable time and investment in market research and product development, REFG specifically tailored the platform’s technology to be geared specifically to the cannabis industry. The result is an alter- native-to-cash option, as well as a completely-integrated, state-of-the art payment platform that is the industry’s first-of-its-kind compliant payment processing solution. The solution provides security, con- venience and sector-specific tools and empowers businesses with comprehensive client management functionality, capabilities to track sales and tax collection, and a distinct advantage in meeting regula- tory requirements. The company’s payment solution card allows customers and patients to link a checking account from any U.S. bank to their Green account. The REFG card is specific for the purchase of cannabis-related prod- ucts from state-sanctioned vendors, which means it must be used for payment for these products within a state where marijuana is legal. Within the system, REFG earns revenues in the form of a percentage of all financial transactions. In addition, the company is collaborat- ing with First Bitcoin Capital Corporation to enable cryptocurrency payments. This expansion will integrate First Bitcoin’s cryptocurrency (“$Weed”) within the gateway and provide state-licensed dispensa- ries and their customers additional cash-alternative options to allow approved cryptocurrencies, such as Bitcoin and Weedcoin. With the projected growth trajectory, widespread legalization of can- nabis, and the opportunity merchants and customers to effectively participate in commerce with a compliant and prominent payment processing solution, REFG is well-positioned to be an industry leader in the rapidly-growing market.