Nashville, TN – There is no doubt that the medical marijuana industry is promising to be a multi-billion dollar business. Medical Cannabis Payment Solutions (OTCMKTS:REFG) believes it has its share in the multi-billion dollar industry. That explains why the company is all over the map taking about its products, pipeline, and strategic arrangements. In a recent address to shareholders, the company’s CEO, Jeremy Roberts, sought to bring to the fore various achievements they have attained this year.
According to Roberts, Medical Cannabis Payment Solutions (OTCMKTS:REFG) is a dedicated, capable and focused company. The three words summarize the company in 2014, and the management believes that there is overwhelming evidence to support the claims.
One of the issues that the CEO highlighted in his open letter was that they have the finances to bankroll their operations. The company secured $500,000 funding to support its sales and marketing activities. Strong financial backing is important in the budding marijuana industry. As such, assurance over availability of the required financial resources means that the company can avoid excessive dilution of its stock to raise funds, a practice that is rampant in the marijuana industry.
In addition to the availability of funds, the CEO also stated that Medical Cannabis Payment Solutions (OTCMKTS:REFG) has a perfect assembly of professionals to drive forward its sales, marketing and overall growth agenda. Although REFG has its eyes on the long-term targets, it is structured its operations that they are also able to meet the short-term needs.
Roberts disclosed in his shareholder update that they had created a wide range of products targeting the marijuana industry. The further revealed that they were working with various government branches at state level to ensure a smooth launch of their products and solutions. One of the solutions they plan to launch is a payment service, which will be rollout out in states where marijuana businesses are already active.
Additionally, the company has plans for a mobile app to support sales, which it believes will boost online marijuana sales and increase customer access to the drug. In all these efforts, Medical Cannabis Payment Solutions (OTCMKTS:REFG) is geared towards generating sustainable revenue from diverse sources.