Scottsdale 7/8/2015 8:00:00 PM
News / Stocks

QualityStocks News - Fastfunds Financial Corp. (FFFC) Expands Exposure in California via Agreement with Evergreen

QualityStocks would like to highlight Fastfunds Financial Corp. (OTC: FFFC). The company operates through two wholly owned subsidiaries, Cannabis Angel, Inc. and The 420 Development Corporation, to build a portfolio of revenue-generating companies that provide ancillary services to the burgeoning cannabis industry. The company also operates majority-owned subsidiary Financiera Moderna, Inc., which offers financial services to the underserved Hispanic community. FFFC's strategy to participate in the marijuana industry is through the development of four separate business verticals for the emerging U.S. cannabis industry.

In the company’s news,

FastFunds Financial announced that Cannabis Merchant Financial Solutions, Inc. (CMFS), a subsidiary, has entered into a sales representation agreement with Evergreen Licensing of Northridge, California (Evergreen) for the Tommy Chong Green Card.

Evergreen is the exclusive distribution company in the state of California for Tommy Chong. To date, the distribution company and its affiliated entities have successfully placed merchandize in approximately 300 dispensaries. Evergreen will be marketing the Tommy Chong Green Card to a targeted list of dispensary owners and key decision makers within its well-established California based distribution network, which includes some of the most successful dispensaries in the cannabis industry.

Kurt Martig, President of CMFS, stated that the signing of this is a major step forward in the company’s plan to achieve national distribution of the Tommy Chong Green Card. California is significant as it is one of the largest states in terms of dollar volume of sales and the number of operating dispensaries.

For those unfamiliar with the Tommy Chong Green Card, it functions as a pre-paid loyalty debit card with a turnkey customer rewards technology. In addition, the card functions as a reloadable stored value card that can be used to purchase merchandise at the participating dispensary.

Evergreen Licensing is a leading company in the emerging legal cannabis industry, with a focus on product and brand acquisition, development and distribution. Evergreen holds licensing rights for other high profile brands and individuals. Most notably, Evergreen is the exclusive distribution company in the state of California for comedian, actor and marijuana Icon, Tommy Chong. This provides Evergreen the right to distribute and license the Tommy Chong brand via its vast network of California based collective operators, for the purpose of developing and distributing premium Tommy Chong branded and endorsed, THC based products within the largest legal state. The Evergreen team is comprised of industry veterans, including peer respected cultivators, leading cannabis attorneys and physicians, dispensary operators, and branding experts – each having over a decade of experience in the industry.

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