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.
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%.
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.
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.
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.
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.
WEST PALM BEACH, FL / ACCESSWIRE / October 11, 2016 / FastFunds Financial Corporation (FFFC) (the "Company" or "FastFunds") announced today it is completing all of the necessary actions to launch the first known national loyalty program targeting the MMJ industry. eNcentive Concepts will be partners with Tommy Chong in this endeavor, which will be titled the "Affinity Connextions" Program. As previously announced, FastFunds is partnering with LoyalMark, LLC through a jointly owned entity, eNcentive Concepts, LLC, as the launch vehicle. LoyalMark has over 50 plus years combined experience providing loyalty programs across a variety of industries at the senior management levels.
October 5, 2016
Fastfunds Financial Announces Approval of New Tommy Chong Affinity Program and Formation of Launch Entity
WEST PALM BEACH, FL / ACCESSWIRE / October 5, 2016 / FastFunds Financial Corporation (FFFC) (the "Company" or "FastFunds") announced today that the Tommy Chong licensor, Chongson, has approved the new Tommy Chong affinity program. The program details and timelines will be covered in a separate forthcoming press release once all of the details are finalized.
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."
Click here for the Yahoo Finance Tommy Chong interview
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 (FFFC).
February 10, 2016
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") (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...
January 28, 2016
FastFunds Financial Corporation Confirms Approval For Sales Of Subsidiary Pure Grow Systems One-Step Disinfectant Cleaner In Six States
WEST PALM BEACH, FL / ACCESSWIRE / January 26, 2016 / FastFunds Financial Corporation (FFFC) (the "Company" or "FastFunds") confirmed today that Pure Grow Systems(TM), LLC, a subsidiary of FastFunds Financial Corporation, has received approval to sell its 7-in-1, one-step cleaner, disinfectant, and deodorizing product in six states.
Pure Grow Systems received approval to label and sell its Environmental Protection Agency (EPA) product in the following states:
Nevada (July 2015)
Wisconsin (July 2015)
Washington (August 2015)
Michigan (August 2015)
Colorado (September 2015)
Oregon (November 2015)
January 21, 2016
FastFunds Financial Announces Achievement of Positive Cash Flow For Brawnstone Security, Inc. During The Fourth Quarter and Outlines Additional Growth Plans
WEST PALM BEACH, FL / ACCESSWIRE / January 21, 2016 / FastFunds Financial Corporation (OTCPK: FFFC) (the "Company" or "FastFunds") announced today that its security unit, Brawnstone Security CO, Inc. ("Brawnstone") reached positive cash flow on an unaudited basis during the fourth quarter of 2015. The implemented margin enhancements and cost-cutting initiatives were realized, and these efforts will be on a continuing basis as the Company moves forward. In addition, in our last press release on this subject, we indicated the Company was on a run rate to reach $750,000 in revenue during 2015. The Company has exceeded these expectations and the 2015 revenues were approximately $796,000. All of these figures are on an unaudited basis.
The Company's growth plans for 2016 will include significant focus on development of its current online educational operations.
The Company currently operates through 3 active websites:
|Form Type||Received||Period Ending||Size||Report|
|10-Q||Sept 8, 2016||Jun 30, 2016||4.1 MB||PDF RTF HTML XLS|
|8-K||Aug 17, 2016||Aug 11, 2016||48.6 KB||PDF RTF HTML XLS|
|NT 10-Q||Aug 15, 2016||Jun 30, 2016||18.1 KB||PDF RTF HTML|
|8-K||Jul 11, 2016||Jun 30, 2016||551.1 KB||PDF RTF HTML XLS|
|10-Q||Jun 30, 2016||Mar 31, 2016||3.8 MB||PDF RTF HTML XLS|
|10-K||May 24, 2016||Dec 31, 2015||5.3 MB||PDF RTF HTML XLS|
|NT 10-Q||May 16, 2016||Mar 31, 2016||18.1 KB||PDF RTF HTML|
|NT 10-K||Mar 30, 2016||Dec 31, 2015||21.5 KB||PDF RTF HTML|
|4||Jan 4, 2016||Dec 31, 2015||6.6 KB||PDF RTF HTML XLS|
|4||Dec 31, 2015||Dec 30, 2015||6.6 KB||PDF RTF HTML XLS|