Mentor Capital Funds Bhang Financial for Cannabis Card Processing
June 02 2014 - 10:48AM
Business Wire
Bhang Corporation Extends Trusted Brand Into Marijuana
Customer POS and Machine Payments
Mentor Capital, Inc. (OTC: MNTR) announced that its portfolio
company, Bhang Corporation, has established Bhang Financial to
offer the Cannabis Community non-cash payment options with Cashless
ATMs for PIN Debit Network transactions and ATMs. The new Bhang
division will also offer fully integrated Point of Sale (POS)
software solutions to enable clients to maintain inventory and
track sales efficiently.
Scott Van Rixel, President of Bhang Corporation and recently
re-elected National Cannabis Industry Association board member, is
committed to help his retail and access providers: “Across the
industry, we are all aware of the issues in dealing with a cash
business. With a Bhang product being sold every minute of every
business day we here are focused on our clients' non-cash payment
needs. To best help, Bhang Financial systems have been built by a
team of talented individuals with more than 60 years of payment
processing and banking experience. These professionals are ensuring
Bhang Financial can provide our current and future clients with
innovative technology payment solutions at the lowest cost.”
Mentor Capital, Inc. CEO, Chet Billingsley, adds: “A key
corporate purpose of Mentor Capital is to provide public market
funding to leading cannabis brands to help them expand into the
growing legal marijuana market. We are especially pleased to have
provided funding for the expansion of our investee, Bhang
Corporation, into this important area of card processing.”
Learn more about Bhang Financial by visiting the Bhang Corporate
and Bhang Financial booth in Denver, CO on June 24-25 at the First
Annual Cannabis Business Summit, of which Bhang Corporate is a
sponsor.
About Mentor Capital: By acquisition or stock purchase,
Mentor Capital, Inc. seeks to invest in leading cannabis companies.
Additional important information for investors and founders seeking
expansion funding is presented at: www.MentorCapital.com.
Forward Looking Statements, Safe Harbor and Risk Descriptions
are Incorporated by Reference from the MNTR Company Web Site
above.
Mentor Capital, Inc.Chet Billingsley, CEO760-788-4700
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