Medical Cannabis Payment Solutions (REFG)

[pmunch]

Seems this company has not kept up ... Nada ! Any info or updates ?? REFG

[dranesthesia1]

Interesting action today

[JFXL2]

Sweet I was caught up in March Madness. Big time of year for me.

[mrfence]

The SAFE ACT was reintroduced yesterday

[CashCowMoo]

Yeah I mean at least remove it from schedule 1 status. The same as crack or heroin.

[I-Man]

Well you got a 1 Party system now in US Government, and a broken US Government now with military troops surrounding the Capitol daily.

Looks to be a 3rd world Nation from the outside operating IMHO...

There are NO Leaders in this current Administration,e specialyl with any business saavy or experience in any industry...

[JFXL2]

This article was written under the Seeking Alpha investment team for CURALeaf. But IMO it also applies to this stock as well. Let's hope we get jolt in the next few weeks.

Pending legislation in Congress could benefit cannabis multi-state operators
Mar. 17, 2021 9:52 AM By: Jonathan M Block, SA News Editor

Within the next two weeks, it is likely the SAFE (Safe and Fair Enforcement) Banking Act will be reintroduced in the House of Representatives, a piece of legislation that can benefit multi-state operators (MSOs), BTIG says in a note.
Based on discussions with contacts in Washington, the firm says that reintroducing the legislation prior to April 1 means it will likely bypass committee hearings, speeding up a vote on the measure.
Because it has bipartisan support, BTIG believes the SAFE Banking Act can potentially pass both chambers of Congress by late summer.
The legislation potentially benefits MSOs in several ways, according to BTIG: the ability to deposit cash in U.S. banks; the ability to transact in credit cards instead of just cash which can translate to higher spending; increased public safety; and increased public health it would reduce the exchange of dirty cash.
"Separately, the MORE [Marijuana Opportunity Reinvestment and Expungement] Act could also get reintroduced by April 1st, but would likely have a much more difficult path to passing in the Senate," according to the note.
U.S. multi-state operators this morning: MedMen Enterprises (OTCQB:MMNFF) -4.7%; Curaleaf Holdings (OTCPK:CURLF) -0.9%; Acreage Holdings (OTCQX:ACRHF) unchanged; Harvest Health & Recreation (OTCQX:HRVSF) +1.2%; Cresco Labs (OTCQX:CRLBF) -0.6%; Green Thumb Industries (OTCQX:GTBIF) -1%.

[JFXL2]

Group Backed By Cannabis Companies Plans Lobbying Push -- Market Talk
11:58 am ET March 11, 2021 (Dow Jones) Print
1158 ET - Steven Hawkins, head of a newly formed trade group called the US Cannabis Council, tells WSJ he expects federal legislation that likely would seek to "deschedule" marijuana, or remove it from the federal government's list of controlled substances, to be introduced at least by early April. Such a move would further open up the US cannabis market and members of the new group include publicly traded pot companies like Canopy Growth and Curaleaf. Hawkins adds the group has met with some 80 members of Congress and plans further lobbying efforts. A filibuster of a future decriminalization bill in the Senate could be an obstacle, he says. ([e-mail]; @MicahMaidenberg)


(END) Dow Jones Newswires

March 11, 2021 11:58 ET (16:58 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

[JFXL2]

I hear you and I have been waiting quickly for the day that SAFE and MORE acts are passed.

In the meantime I always wonder why this software is not used now since it contains compliancy rules in the system that tells the user what they can cannot do legally in what state. Like CO, CA. MASS, etc. In CA I bought weed a year ago and all I needed to do was to show them my "GA" license ( proof of age) and pay with either Debit, cash or check. Seems to me this software would help these dispensaries now track the funds, compliance, taxes, etc. I always scratch my head wondering why when I think about it.

cheers FX

[antman]

OXIHF hemp and CBD company in Florida experiencing banking challenges also- soon to be not an issue with federal rules and banking catching up it looks like-Pioneer Green Usa

[I-Man]

More shares of what? It's not done anything in many years? CEO never replied to letters I wrote in past years either.

CEO does not put out any filing info or PR's OTC or global newswires either??

This company had it right in the beginning, had something very special indeed as far as proprietary payment system, but as you see now with Virginia becoming next State to legalize MJ, it seems this payment system is not going to be needed/??

[pmunch]

You are on the wrong website then, we roll nickels , dimes, sometimes pennies into quarters here

[I-Man]

really? I ONLY get excited in $dollar moves, not pennies...

[The Mad Finn]

Agreed. I am hoping for the same price target to be achieved before I cash in.

[The Mad Finn]

1.63 million shares traded today. Good consistent trading within a steady price range. Hang in there, it's going higher.

[pmunch]

Up we go ... REFG PYGO

[I-Man]

Needs Cheech & Chong in here I think... ~~

[JFXL2]

Would be nice to hear some solid news on some progress with their product being used in some capacity, like a beta site(s) would help the cause. Like a few other symbols I've been in pennyland, the guys don't communicate well down here. My days are numbered as I switch to more solid companies.

Having said that a $1.00 would be a nice jumping off point. The good news is that I have time to wait...

Cheers FX

[The Mad Finn]

Stock has been hanging nicely in upper range and trading volume hit almost 4 million share last Thursday. That's a good sign that more traders are on to it. Not much evidence of short positions. Let's hang with this thing to see if it will hit $1.00.

[dranesthesia1]

Yes seriously

[pnnymn]

seriously?Welcome to the club

[JFXL2]

I know kind of exciting around here for a change. I lived in CO for 8 months back 82 after college. Same here I've not added to my position for obvious reasons, there was nothing to get pumped about. Maybe 2021 is the year. For the heck of it I have $1.00 sell in for some shares.

I'm Playing the blind squire game and then I came across that article. That seems to be spot on for what REFG is trying to do and with a catchy name change that is more generic vs. weed specific. We might have something there, maybe!!!! :)

[I-Man]

Good article post. I used to live in CO...

[I-Man]

Yeah hit 7 cents today... I only have the same shares i had for years way in back of ym portfolio... Now something looks to be building here...

I know those redditt folks globally are all over this and some other OTC's they feel have been unfairly hammered down ...

[JFXL2]

click the "insert TXT" here link to get to the article.

[JFXL2]

I found this article and boy it sure would be nice if the basis of her new safe harbor bank transaction system is REFG??? On the surface it sure seems like a real fit.


insert-text-here

[The Mad Finn]

Let's hold on or buy more shares and ride this up to $1.00.

[JFXL2]

Maybe Ron Johnson just bought 200k share at the end of the day. :) I-man we've been here awhile let's hope this gradual climb is for real. I'm actually in the green for the first time in a while

I wonder why the Bid and ask are at .05/.05 after that big spike/close at .06?

cheers FX

[I-Man]

Yes Senator Ron Johnson was on that Board then for one...

[JFXL2]

Thanks Pmunch. I'm familiar with their process for awhile. I just understand why it not being used in states that are legal already. there was a beta user about 1.5 years ago and there was no follow up that it was well received product or not. Let's hope this go around they actually produce a tangible product!!! I love the idea now and loved it back then when I first got into to this puppy.

Thanks for the info.

Cheers FX

[dranesthesia1]

Picked up a million today

[pmunch]

REFG - PYGO ... GoPay “We believe that we can serve the legal cannabis industry with a leading end-to-end payment processing solution that is FinCEN compliant and meets the growing demands of the market. The company serves both sides of the industry, offering payment and management solutions that are integrable for medical as well as recreational-related businesses and dispensaries.

Our proprietary payment system, referred to as “Go” or “PayWithGo.com,” offers one of the first and only comprehensive card processing solutions to serve state-sanctioned marijuana industries. After considerable time and investment in market research and product development, we specifically tailored the platform’s technology to be geared specifically to the cannabis industry.

The result is an alternative-to-cash option, as well as a completely integrated, state-of-the art payment platform that is the industry’s first-of-its-kind compliant payment processing solution. The solution provides security, convenience and sector-specific tools and empowers businesses with comprehensive client management functionality, capabilities to track sales and tax collection, and a distinct advantage in meeting regulatory requirements.

Go’s payment solution card allows customers and patients to link a checking account from any U.S. bank to their Go account. The card is specific for the purchase of cannabis- related products from state- sanctioned vendors, which means it must be used for payment for these products within a state where marijuana is legal.

Within the system, we can earn revenue in the form of a percentage of all financial transactions.

As a fully FinCEN compliant company, our payment solution does not allow use of VISA, MasterCard or other credit card transactions that are currently prohibited as financial transactions with federally controlled substances. In addition, our payment system cards provide only debit from bank account transaction functionality and are not gift and reloadable cards.

Gift/reloadable cards do not meet security and compliance standards, nor do they offer the convenience of our payment cards.

Our payment solutions allow legal dispensaries and related businesses to utilize the system to pay employees, bills, and owners/managers through electronical funds similar to any other business. In addition, the system enables capabilities to track sales and tax collection, as well as manage product and client information in one comprehensive platform. An additional value-added feature allows legal cannabis dispensaries the option of branding our cards to include their logo and image at no
cost.

Both medical and recreational marijuana industries are projected to continue their upward trend as legalization continues. A Statista report estimates the U.S. medical marijuana market to reach sales of nearly $7 billion by 2021 with combined medical and recreational sales expected to eclipse $26 billion

https://backend.otcmarkets.com/otcapi/company/financial-report/259338/content

[JFXL2]

Based on the quarterly disclosure filling back in March 2020 - REFG has several folks to bank role when this company really gets started.

https://backend.otcmarkets.com/otcapi/company/financial-report/259338/content

Certified by their lawyer in October 2020
https://backend.otcmarkets.com/otcapi/company/financial-report/259339/content

[JFXL2]

At one point in time (2016/17/18) REFG had a different web site www.refg.co that referenced a bunch of Ex Politian as part of their board or Directors. Now that we cannot see any of that information on their current site, I wonder if those same people are still associated to this company? If I remember correctly each person was affiliated at the state level politics and also from states that have since legalize recreation weed: NV, CO, etc.

That was one of the reasons I thought this was good buy back then. Look at the comments on Yahoo Finance under conversations tab.

Cheers FX

[pmunch]

When will this occur ?? PYGO

[dranesthesia1]

Took a bunch here

[pmunch]

I’m super excited about the new name and symbol PayGo !! Weed payment system

REFG has graduated $$$

[georgie18]

REFG...04...Bullish Kicking Reversal Pattern to the Upside formed on the Overbought Retrace...

First alerted at .0078 range...Looking for the .10 Plus Break...imo...we shall see...

Chart...https://schrts.co/kWTKXzcS ...

[JFXL2]

I hope they communicate via more often via official PRs in addition to the tweets in the future. It will give them credibility/visibility going forward. I and others have been here awhile and the lack of communication has been a big issue with these guys. The fact they have officially changed their name and soon to change their symbol are positive signs.

cheers FX

[learningthetruth]

Yes indeed!!

[pmunch]

Easy double or triple here REFG

[powerpak]

IMO...LOTS MORE TERRIFIC NEWS besides name change ON THE WAY and a WILD GREAT FUTURE is in store with the firm and with VERY EXCITED SHAREHOLDERS.

[pmunch]

Huge news !!! REFG will become PYGO !!

We have officially changed our name from Medical Cannabis Payment Solutions to PayWithGo. We will also be changing our stock symbol from $REFG to $PYGO very soon. Stay tuned for more.

— PayWithGo (@PayWithGo) February 1, 2021

[pmunch]

Lookin great here ... check the tweet

[pmunch]

Refg is Pink Current ! Looks great

[JFXL2]

Please let us know if he answers and what he says. Thanks

[I-Man]

I have even written him a few times in past several years...

[The Mad Finn]

Yes, of course I realize it. We should all contact Roberts to get the CE designation removed. I am going to call him today. I suggest you do the same.

[I-Man]

You do realize January 31st any OTC with CE designation, can no longer be purchased openly, right (Just liquidated only)? Such designation needs to disappear prior to the 31st. Or else those holding shares will have to wait till such time occurs later on after that date to which it then can be allowed to trade freely (Buy & sell) ; which assumptions are the PPS will be exponentially higher than where it was prior the 31st date....

[JFXL2]

Thanks for the explanation. I'm please to note as of the last few days, I've finally broken even with this little gem. I wouldn't say this was good a saving account for my $$ but at least I'm not in the red now. Let's hope this is the new base line and goes higher... pun intended.

Cheers FX