Renewal Fuels Inc. (RNWF) Announces its Subsidiary 7 Point Financials’ Partnerships with Growthport(TM) Inc, and Canna Pax Solutions, and Provides an Update on EDA Grant Status of its Subsidiary Sunshine Hemp to Build a Florida Hemp Fiber Innovation Pro
Press Release | 01/13/2022
SEATTLE, WA / ACCESSWIRE / January 13, 2022 / Renewal fuels Inc. (OTC PINK:RNWF)(the "Company") announces its subsidiary 7 Point Financial signed new strategic partnerships with Growthport™ Inc. to provide its electronic payment solutions, and an alliance with Canna Pax Solutions to provide financial services to their extensive customer network. Unfortunately, its subsidiary Sunshine Hemp was not one of the 60 successful grant recipients out of 529 applicants to receive an EDA Phase 1 planning grant. Sunshine Hemp is continuing to raise capital to fund the innovative "cottonizing" hemp fiber processing facility.
7 Point Financial
7 Point Financial is pleased to announce two strategic partnerships:
1) It has entered a strategic alliance with Growthport™, Inc., a technology and consulting firm dedicated to helping cannabis businesses achieve growth, profitability, and sustainability through their Legit Certification compliance program and the Growthportal™ providing a unified dashboard to integrate, manage, report, and analyze all activities from seed to sale. They can be found at www.growthport.com with Beta released this week.
Growthport proudly carries the mantra "Get Legit, Stay Legit", anchored in the belief that the key to success for the cannabis community is ongoing verifiable compliance adherence.
Co-Founders Michael Greco and Paton Davis of Southern California feel centralized access to Growthport's revolutionary platform technology, and the comprehensive banking and electronic payment platform solutions provided by 7 Point Financial, will help bring stability to the world of legal cannabis "We are excited to be Growthport's strategic partners from get go, to mutually expand our businesses" stated 7 Point Financial CEO, Rick Lindsay.
2) We are very proud to announce our strategic relationship with Canna Pax Solutions. Canna Pax Solutions founded by Paxton White, is a Michigan based Cannabis consulting company specializing in financial solutions for the Recreational and Medical Cannabis space.
Networking since the adoption of medical cannabis in 2008, cultivating and maintaining relations for decades, Canna Pax Solutions has built a network of over 300 high level operators ranging from cultivation to retail provisioning centers that can be reached by 7 Point Financial to grow its merchant processing and other financial services business.
"We are proud to announce our partnership with 7 Point Financial adding banking services to the offering including Pin/Debit transactions and cashless ATM services. We are looking forward to helping each Michigan operator handle their finances smarter and effortlessly. " Stated founder Paxton White of Canna Pax Solutions. Canna Pax can be found at www.cannapaxsolutions.com and @cannapaxsolutions on Instagram.
"We are very excited to forge these mutually beneficial relationships and have already started the flow of applications for cashless ATM services." Said Rick Lindsay, CEO of 7 point Financial.
