Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) Completes Equity-for-Debt Swap
Redfund converts loan into equity position in Mary’s Wellness Ltd. Company’s equity stake totals 5.55 percent of the cannabis-infused tea manufacturer First year global sales for Mary’s Wellness Ltd. forecast to hit $12 million The recent announcement by Redfund Capital Corp. (CSE: LOAN) (OTC: PNNRF) (Frankfurt: O3X4) of an equity-for-debt swap is a good indication of the merchant bank’s innovative approach to providing capital. It also sets up a win-win scenario for both the client, which benefits from reduced leverage and interest payments, and Redfund, which gets a shot at any upside. Arrangements like these demonstrate Redfund’s willingness to work…