Who shorted on this release yesterday? This is very good and more positive for this corp?? They are going to launch 1st US banking compliant payment system!!
Why is this not on CNBC???
Medical Cannabis Payment Solutions Prepares for Launch of State of the Art Industry Compliant Payment Processing System
10:10 am ET June 6, 2017 (Globe Newswire)
Medical Cannabis Payment Solutions (OTC Pink, REFG), specializes in state-of-the-art financial services structured to serve the cannabis and banking industry, issues a shareholder letter to update investors on recent advancements, and how its emerging corporate vision continues developing.
In March of last year, we mobilized to bring to market the first and only first-tier merchant processing operation of its kind; a comprehensive structure which tracks sales and tax collection, and empowers businesses with an outstanding state-of-the-art client management system through the development of "StateSourced," a wholly-owned subsidiary structured to manage the development and marketing of our highly advanced proprietary industry specific payment processing system. Our StateSourced administration system is designed to be a robust, instrumental, closed loop merchant processing system, in response to the industry's overwhelming need to have a private and encrypted digital solution to serve the rapidly growing legal cannabis industry.
At this point, financial institutions have generally not been able to provide banking access to the cannabis industry. This is, in part, because financial institutions have not been able to integrate necessary due diligence requirements. StateSourced has developed a unique proprietary system to address these issues, and has committed to make 2017 an evolutionary year for the implementation of a financial structure for the advancing legal cannabis marketplace.