CannaPharmaRx, Inc., a future leader in ultramodern, highly efficient cannabis production facilities in Canada, today announced it had secured up to $3 million in investment from Triton Funds. Triton Funds, coupled with the support of its advisory board and alumni, is a San Diego-based student-run investment fund focused on creating a greater sense of community through investments in companies, entrepreneurs, and philanthropy.
The new funding will allow the company to fast-track its business priorities related to cannabis cultivation operations in California and Canada.
“We believe that Triton not only serves as a favorable funding source but equally as important, a partner that will grow with our organization, says Nick Colvin, CEO of CannaPharmaRx. With the level of experience and network that Triton and its advisors provide, we feel that the relationship will allow the company to quicken its goal of becoming the leader in the specialized cannabis industry,” added Colvin.
About TRITON FUNDS
TRITON FUNDS was started by three undergraduate students from Southern California aspiring to create an investment fund with a millennial touch. The journey began on the streets of La Jolla, California, in search of investors willing to back the idea of a student-run fund that creates a greater sense of community through investments in local companies and entrepreneurs, philanthropy, and guidance to fellow college students interested in the finance field. As a result, local limited partners, coupled with the support of our advisory board, helped establish TRITON FUNDS, creating real-world opportunities for college students to invest in growing companies.
About CannaPharmaRx, Inc.
CannaPharmaRx is focused on the acquisition and development of state-of-the-art cannabis growth facilities. CPMD owns a 48,500-square-foot cannabis growth facility presently under development and is currently discussing potential acquisitions with other companies. CannaPharmaRx’s business strategy is to become a leader in the high-quality and low-cost production of cannabis through the development, acquisition, and enhancement of existing facilities. CannaPharmaRx is committed to operating high-quality facilities utilizing the latest technology in combined heat and power generation to ensure we are a low-cost producer of cannabis. CannaPharmaRx is also in the process of completing an application to list its common stock for trading on the Canadian Stock Exchange, with initial trading anticipated to be during the third quarter of 2020. The company also anticipates applying to list its common stock for trading on the OTCQB in the near future as well.
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