Fastfunds Financial Corp. (FFFC) 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.
Through its 49% stake in Cannabis Merchant Financial Solutions, Inc. (CMFS), FFFC entered the Financial Service business vertical. CMFS developed the Green Card and Tommy Chong Green Card, a reloadable stored value card with a rewards feature, and the Tommy Chong Frequent Buyers Card, which functions as a gift card or rewards card. FFFC is developing a national group of master resellers, distributors and sales representatives for these card products.
As the cannabis industry continues to develop, FFFC is partaking in plant botany, specifically the development of methods and technologies to significantly enhance plant growth and purity. Under an operating agreement with Sanidor Systems to create Pure Grow Systems, LLC, FFFC acquired a 49% interest in the subsidiary, which is dedicated to the healthy production and processing of raw materials used for medicinal or other health related purposes.
The cannabis industry is a cash-only business, which leaves companies vulnerable to criminal activities. FFFC plans to address this issue and enter the Security Services and Equipment sector through the acquisition of an existing, operational security company. FFFC owns a 70% stake in Ohio-based Brawnstone Security, Inc., a diversified security, training and investigations company. FFFC's research shows that operating margins for cannabis-related security services could exceed current billing levels by at least 100%.
FFFC's Cannabis Angel, Inc. ("CA") subsidiary will evaluate and provide corporate development services and early seed financing for worthwhile development-stage cannabis ventures. To date, CA has made investments in companies involved in the distribution of cannabis-related products and development of a social media website. It is important to note that all of FFFCs activities in the cannabis industry are ancillary, or pick and shovel, and are evaluated to insure compliance with all state and federal Laws.
- Building a Portfolio of Strong, Revenue-Generating Subsidiaries
Diversified Business Verticals in Rapidly Growing Markets
Positioned in Cannabis, Financial Services, Plant Botany & More
Established Distribution Agreement Solidifies Industry Foothold
4 Principal Business Segments
FFFC's entry into the financial services sector came with the 2014 acquisition of 49% of Cannabis Merchant Financial Solutions, Inc. (CMFS). This FFFC subsidiary has developed the Green Card and Tommy Chong Green Card, a reloadable stored value card with a rewards feature, and the Tommy Chong Frequent Buyers Card, which functions as a gift card or rewards card. It is significant to note that both the reloadable stored value cards and gift cards are multi-billion businesses in other business verticals.
In November 2014, FFFC signed a license agreement with celebrity actor, activist, writer and musician Tommy Chong as representative and spokesman for its flagship card products. The company believes the Tommy Chong celebrity status as supported by his over 4.5 million social media followers will be an important products differentiator as it advances its business plan in this vertical.
To date FFFC is developing a national group of master resellers, distributors and sales representatives for these card products. This undertaking is continuing. FFFC has already signed a number of merchants and vendors for these products during this pre-launch period. An early fall social media launch is being planned, ahead of the forthcoming 2016 presidential elections which many forecasters are predicting further legalization approvals. Significant key manpower resources are being identified as well as selection of the lead social media development entity.
METHODS FOR IMPROVEMENTS IN PLANT BOTANY
Development of methods and technologies to significantly enhance plant growth and purity will be in great demand as the cannabis industry develops. Improvements in plant botany is a multi-billion sector of the agricultural industry today, especially in the food sector.
In May 2015, FFFC signed an operating agreement with Wisconsin-based Sanidor Systems to create Pure Grow Systems, LLC. Under the terms of the agreement, FFFC acquired 49% interest in Pure Grow and participation in 50% of the profits. Pure Grow's mission is dedicated to the healthy production and processing of raw materials used for medicinal or other health related purposes. One of the products in the Pure Grow System's line provides technology in potentially clean, sanitize and disinfect the processing environments of plants and herbs used in the formulation of alternative botanical and herbal therapies. The Pure Grow management team has a long history in the development of herbal and medicinal products. They have an understanding of the need for cleaner and safer ingredients for medical products.
SECURITY SERVICES AND EQUIPMENT
Without the ability to deposit cash in banks, the marijuana industry is essentially a cash-only business. Abundance of cash, combined with high products sales operating margins makes the cannabis business a target for criminal activities. The security industry in the U.S. is estimated to exceed $300 billion dollars.
FFFC's plan is to enter this potentially lucrative market through our acquisition of an existing, operational security company. In mid-2014, FFFC acquired a 70% interest in Canton, Ohio-based Brawnstone Security, Inc., a diversified security, training and investigations company. Brawnstone presently services 15 clients and has a staff of 33 professionals. It is equipped for installation of business security systems, intrusion devices and technology based solutions.
FFFC has devoted significant resources in restructuring the Brawnstone balance sheet and restoring higher margins by increasing the company's operating efficiency. These initiatives have borne fruit at the present time: Brawnstone has an annual revenue run rate of $750,000. FFFC's strategy is to use the Brawnstone platform to enter the cannabis market plan in late 2015 or early 2016. The company's research shows that operating margins for cannabis-related security services could exceed current billing levels by at least 100%.
CANNABIS ANGEL INC.
FFFC's wholly owned subsidiary, Cannabis Angel, Inc. (CA) will evaluate and provide corporate development services and early seed financing for worthwhile development stage cannabis ventures. CA's mission is to incubate these enterprises for their progress to the next level of growth.
To date, CA has made investments in companies involved in the distribution of cannabis related products and development of a social media website. It is significant to point out that all of FFFCs activities in the cannabis industry are ancillary, or pick and shovel, and are evaluated to insure compliance with all State and Federal Laws.
FFFC's Pure Grow Systems has established a distribution agreement with Pazoo, Inc. (OTC: PZOO) in which Pazoo has the right to distribute the Pure Grow Systems product line to cannabis-related companies in select states in the United States.
Pazoo is focused on providing best-in-class laboratory testing of cannabis and cannabinoids to protect consumers from impurities, contaminants and other irregularities. Through its wholly owned subsidiary, Harris Lee, and its partnership with MA & Associates, Pazoo provides industry-leading laboratory testing of cannabis. Pazoo's subsidiaries are currently licensed to test cannabis in Nevada, Oregon and Colorado, with other states to come. Additionally, Pazoo delivers a comprehensive array of health and wellness information on its website www.pazoo.com.
The agreement between Pazoo and Pure Grow centers around the distribution of Pure Grow's new, state-of-the-art sanitizing and disinfection systems, which are specifically designed to optimize the yields of medicinal plant cultivators by delivering 99.99% coverage with a 99.99% kill ratio for bacteria, viruses, mold and other pests that often plague these operations. The technology is highly efficient and uses 100% biodegradeable actives which provide far superior outcomes while cutting labor costs from hours to minutes. This system will reduce the cost of sanitizing a facility by at least 70%.
The effectiveness of this product along, along with Pazoo's growing laboratory presence, provides the opportunity to set a high-standard for the purity of medicinal cannabis as the industry matures.
Molds, mildews, and harmful bacteria are the most common environmental toxins found in botanical and horticultural growing operations. Left unchecked, these naturally occurring contaminants can infect the leaves and buds of the plants. In the few states that mandate testing, mold, mildew, salmonella, and e-coli have caused the destruction of thousands of pounds of cannabis. Pure Grow System's products kills mold, mildew, harmful bacteria and other viruses to eradicate them in the grow rooms. Cleaner rooms mean cleaner plants.
Pure Grow Systems, LLC, is poised to launch its website along with its first product line in the early part of August.
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Press Release & Company Updates
April 8, 2015
Fastfunds Financial Corporation Announces Tommy Chong Green Card Featured on Yahoo Finance in Interview with Tommy Chong
WEST PALM BEACH, FL / ACCESSWIRE / April 8, 2015 / FastFunds Financial Corporation (PINKSHEETS:FFFC) (the "Company" or "FastFunds") announced today its Tommy Chong Cannabis Green Card was featured in a Yahoo finance video interview with Tommy Chong entitled "Tommy Chong's solution for pot's banking problem."
The interview can be seen at the following link:
Tommy Chong is an actor, writer, director, activist, and musician. He is well known for his marijuana-themed Cheech & Chong comedy albums and movies with Cheech Marin, as well as playing the character Leo on Fox's That '70s Show. Tommy Chong most recently starred in ABC's Dancing with the Stars and continues to be an active proponent of the legalization of marijuana.
About the Tommy Chong Cannabis Green Card
The Tommy Chong Cannabis Green Card functions as a pre-paid loyalty debit card with a turnkey customer rewards technology. In addition, the card functions as a re-buildable stored value card that can be used to purchase merchandise at the participating dispensary Yahoo finance Video link: http://finance.yahoo.com/video/tommy-chong-solution-pot-banking-190008121.html March 18, 2015
Rapidly Rising: Fastfunds Financial Corporation (OTCBB:FFFC)
WINDSOR, ON / ACCESSWIRE / March 18, 2015 / The Cannabis Capitalist, an Investment newsletter focused on showing everyday Investors new opportunities in rapidly growing, little-known stocks in the new recreational and medical Cannabis industry, would like to announce a new Company which is creating excitement on Wall Street: Fastfunds Financial (OTCBB:FFFC).
Sticking to a single venture is no longer the best way to do business and FastFunds Financial Corporation knows this all too well. FFFC is a holding company that is publicly traded on the OTC Exchange and trades under the symbol FFFC. January 30, 2015
Fastfunds Financial Corporation Announces Effectiveness of Reverse Stock Split
Company to Trade Under Symbol "Fffcd" for Twenty Business Days Beginning With the Market Open On Monday February 2, 2015
CENTENNIAL, CO / ACCESSWIRE / January 30, 2015 / FastFunds Financial Corporation (OTCPK: FFFCD) (the "Company”) announced today that it has completed a 1 for 600 share reverse split of its common stock that will take effect as of the market open on Monday, February 2, 2015. Beginning with the open of business on February 2, 2015 and for a period of 20 business days, the Company's common stock will trade under the stock symbol "FFFCD". The "D" will drop off and the stock will continue to trade under the symbol "FFFC" on the 21st business day.
Holders of shares of the Company's common stock in certificate form are not required to exchange their certificates with the Company's transfer agent, however, they are welcome to do so if they wish by contacting the Company's transfer agent, Interwest Transfer Company, Inc. at (801) 272-9294. The Company's strategy is to seek potential growth opportunities, develop and incubate them, and seek industry partners for the commercialization phase. These affiliations may take the form of partnerships, joint ventures or spin-offs. MANAGEMENT: Henry Fong - Chief Executive Officer.( Right ) CEO, PRESIDENT OF FASTFUNDS FINANCIAL CORPORATION Over 45 executive experience in both the private and public and sectors Reached level of Senior Executive Service in the federal government in executive positions with impact globally
Over 30 years experience leading mid-cap and micro-cap companies in a broad, diversified group of industries including technology, biotechnology, sporting goods, financial services, natural resources and alternative energy
Companies listed on the New York Stock Exchange, American Stock Exchange, The Nasdaq Stock Market, OTCBB and OTC markets BA, MBA and successful passing of Uniform CPA Exam
FFFC - Share Structure-SEE OTCMARKETS.COM - 10 MILLION FLOAT 2/13/15
FastFunds Financial Corporation Subsidiary Cannabis Angel and Colorado Cannabis Business Solutions Announce Agreement WEST PALM BEACH, FL--(Marketwired - February 10, 2014) - FastFunds Financial Corporation's ("FastFunds" or the "Company") (OTCQB: FFFC) wholly-owned subsidiary, Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects, and Colorado Cannabis Business Solutions, Inc. ("COCBS"), a newly-formed development stage company that is seeking to offer business solutions to companies offering services to cannabis-based businesses principally based in Colorado, announced today they have signed an agreement for Cannabis Angel to provide general corporate development services, collaborative business opportunities, and the development of a financing plan to assist COCBS in achieving its business goals. COCBS is currently exploring the development of customer relationship management software to assist dispensaries with their business operations and provide a higher level of service to their customers. Cannabis Angel will be compensated with equity ownership in COCBS as well as potential future transaction fees.
FastFunds Financial Corporation Provides Corporate Update on Subsidiaries Cannabis Angel and Financiera Moderna WEST PALM BEACH, FL--(Marketwired - February 14, 2014) - FastFunds Financial Corporation ("FastFunds" or the "Company") (OTCQB: FFFC) provided today a general corporate update on recent activities. The Company's wholly-owned subsidiary, Cannabis Angel, Inc., since its announcement on January 22, 2014, has received numerous inquiries, proposals and prospective business opportunities relating to the ancillary aspects of the cannabis industry in addition to its previously announced projects. These inquiries have been both national and international in scope. The Company has been undergoing fact finding and due diligence on several of these and while no agreements or understandings have been reached, the Company believes there is a high likelihood in the near future one or more could reach fruition. The Company will be keeping shareholders updated on a timely basis as events occur. Our private equity funding source has been encouraged by this high level of interest and has agreed to give our projects the highest priority and in addition has allocated additional funds for this sector.
======================================================================================= June 13, 2014
FastFunds Financial Corporation and Subsidiary Cannabis Angel Announce the Completion of Smartphone App Design and the Release of an Additional Online Video Interview on GreenEnergyMedia.TV's Cannabis Live Featuring Leading Expert on Marijuana- DJNF
FastFunds Financial Corp
oration and Subsidiary Cannabis Angel Announce the Completion of Smartphone App Design and the Release of an Additional Online Video Interview on GreenEnergyMedia.TV's Cannabis Live Featuring Leading Expert on Marijuana
WEST PALM BEACH, FL--(Marketwired - June 13, 2014) - FastFunds Financial Corporation ("FastFunds" or the "Company") (OTCQB: FFFC) and its wholly-owned subsidiary, Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects, are pleased to announce the design completion of a new smartphone app dedicated exclusively to the marijuana community.
The Company is currently scheduling interviews with several mobile app developers that have expertise in iOS and Android mobile app development. The Company plans on finalizing and entering into an agreement with a team of developers within the next 30 days.
FastFunds Financial Corporation and Subsidiary Cannabis Angel Announce the Official Launch of the GreenCard, the Only Pre-Paid Smart Card Created Exclusively for the Cannabis Industry
FastFunds Financial Corp Market research studies and analysis have shown that the cannabis industry in the U.S. alone will be valued in excess of $9 billion by 2016. The Company expects that financial services will play a significant role in how the industry evolves and transitions into a mainstream segment of everyday commerce. Retailers and consumers will demand the integration of secure and scalable financial service platforms that will process transactions in real-time and provide the convenience of portability and extensibility for future growth
oration and Subsidiary Cannabis Angel Announce the Official Launch of the GreenCard, the Only Pre-Paid Smart Card Created Exclusively for the Cannabis Industry
WEST PALM BEACH, FL--(Marketwired - June 19, 2014) - FastFunds Financial Corporation ("FastFunds" or the "Company") (PINKSHEETS: FFFC) and its wholly-owned subsidiary, Cannabis Angel, Inc., a company involved in providing financing alternatives, corporate finance and general management consulting services to early-stage cannabis companies and projects, are pleased to announce the official launch of the GreenCard. Through the Company's 49% ownership in Cannabis Merchant Financial Solutions, Inc., the GreenCard is the only pre-paid smart card created exclusively for the cannabis industry.
July 10th 2014 Acquisition Update
FastFunds Financial Corporation and Subsidiaries Cannabis Angel, Inc. and The 420 Development Corporation Announce the Completion of a Signed Agreement Pertaining to the Acquisition of a Revenue Producing Company in the Security Industry WEST PALM BEACH, FL, Jul 10, 2014 (Marketwired via COMTEX) -- FastFunds Financial Corporation ("FastFunds" or the "Company") (PINKSHEETS: FFFC) and its wholly-owned subsidiaries, Cannabis Angel, Inc., and The 420 Development Corporation, are pleased to announce the completion of a signed letter of intent pertaining to the acquisition of a revenue producing company in the security industry. The acquisition candidate specializes in armed and unarmed security, training and investigations. Their existing team is made up of active and former police officers, private investigators, law enforcement and military tactical trainers, private security consultants, skip tracers and school security professionals. Upon closing of this proposed acquisition, the Company will look to diversify their existing marketing strategy to include security based services within the cannabis sector. ( Completed )
The Company is also in talks with other acquisition candidates that are also producing revenues and are well positioned to transition their current service offering into the cannabis industry. Shareholders of the Company can expect to receive additional updates pertaining to these developments in the coming weeks.
July 22nd & 24TH 2014 Completion of 1st Acquisition $$$$$$$$$$
WEST PALM BEACH, FL, Jul 22, 2014 (Marketwired via COMTEX) -- FastFunds Financial Corporation ("FastFunds" or the "Company") (PINKSHEETS: FFFC) and its wholly-owned subsidiaries, Cannabis Angel, Inc., and The 420 Development Corporation, announce the completion of a definitive agreement pertaining to the acquisition of a 70% interest in Ohio-based Brawnstone Security, LLC ("Brawnstone").
Brawnstone is an armed security services company specializing in asset protection and recovery, private investigation, housing security, skip tracing and tactical training. Brawnstone also provides a wide range of custom security solutions that include hardware installation and remote monitoring systems. The Brawnstone team is comprised of police officers, private investigators, law enforcement and military tactical trainers, private security consultants, skip tracers, and school security professionals. Additional information pertaining to the company can be found on Brawnstone's websites at:
FastFunds Financial Corporation Announces the Closing of Revenue Producing Security Company With Government and State Affiliated Contracts and Plans for Rollout of Services Into Cannabis Market
FastFunds Financial Corp.
Common Stock SEC Reporting - Current
OTC Pink Current Information
WEST PALM BEACH, Jul 24, 2014 (GLOBE NEWSWIRE via COMTEX) -- FastFunds Financial Corporation ("FastFunds" or the "Company") (OTC Pink:FFFC) and its wholly-owned subsidiaries, Cannabis Angel, Inc., and The 420 Development Corporation, announce the closing of the Brawnstone Security, LLC ("Brawnstone") acquisition. Brawnstone is a licensed armed security, private investigation, security technology solution provider and tactical training company servicing active accounts with several Government affiliated HUD housing establishments, schools, and industrial facilities across the Ohio region. The unaudited financial statements furnished by Brawnstone, and based on management's opinion, show a projected revenue run rate exceeding $1 million for 2014.
Tommy Chong & FFFC
FastFunds Financial Corporation Announces Completion of Agreement for Production and Promotion of Tommy Chong Branded Cannabis GreenCard http://www.marketwired.com/press-release/fastfunds-financial-corporation-announces-completion-agreement-production-promotion-pinksheets-fffc-1970245.htm
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