FastFunds Financial Corporation Announces Completion of
Agreement for Production and Promotion of Tommy Chong Branded
Cannabis GreenCard
West Palm Beach, FL - November 20, 2014 - InvestorsHub NewsWire
- FastFunds Financial Corporation ("FastFunds" or the
"Company") (OTC Pink: FFFC) and its wholly-owned
subsidiaries, Cannabis Angel, Inc., and The 420 Development
Corporation, announced today that a definitive licensing agreement
with Chongson, Inc. (“Chongson”) regarding the production,
promotion and sale of a Tommy Chong branded Cannabis GreenCard has
been finalized. An extensive sales and marketing program is
currently being organized with plans to roll-out the Tommy Chong
Cannabis GreenCard into the market.
Tommy Chong is an actor, writer, director, activist, and
musician. He is well known for his marijuana-themed Cheech &
Chong comedy albums and movies with Cheech Marin, as well as
playing the character Leo on Fox's That '70s Show. Tommy
Chong most recently starred in ABC’s Dancing with the Stars and
continues to be an active proponent of the legalization of
marijuana.
As previously mentioned in a press release dated June 19, 2014,
the Company's 49% ownership in Cannabis Merchant Financial
Solutions, Inc., allows for the development and marketing roll-out
of the Tommy Chong Cannabis GreenCard. The Tommy Chong
Cannabis GreenCard will be initially marketed to over 1,000
cannabis dispensaries in the Colorado, Washington State and
California regions. Following the initial roll-out, all
medicinal and recreational cannabis dispensaries will be targeted
as prospective customers of the product.
The Company is organizing an extensive online presence and
marketing program that will offer customers and distributors of the
Tommy Chong Cannabis GreenCard the opportunity to purchase their
card, reload their card with additional money, view points earned
and track reward eligibility. Being able to offer a solution
in the marketplace that will replace the cash-only component to the
cannabis industry is expected to generate significant demand for
the Tommy Chong Cannabis GreenCard.
“We have made significant progress in developing a product that
will benefit cannabis dispensary owners. We look forward to
bringing our product to market and capturing a significant portion
of this thriving industry,” commented Mr. Kurt Martig, President of
Cannabis Merchant Financial Solutions, Inc.
“We’re pleased to have entered into an agreement with
Chongson and look forward to working alongside Mr. Tommy Chong and
his team in bringing the Tommy Chong Cannabis GreenCard to market,”
commented Mr. Henry Fong, President and CEO of FastFunds Financial
Corporation.
The Company believes that recurring revenues can be derived from
its ownership in Cannabis Merchant Financial Solutions, Inc. and
the Tommy Chong branded Cannabis GreenCard product. Given the
numerous transactions that take place within the cannabis industry
within retail environments on a daily basis, processing fees are
expected to cumulatively multiply as the industry itself grows and
matures.
Additional information will be released to shareholders of the
Company pertaining to this development in the coming weeks.
About FastFunds Financial Corporation
FastFunds Financial Corporation (“FastFunds” or the “Company”)
is a holding company that is publicly traded on the OTC Pink
exchange, under the symbol "FFFC." Through its wholly-owned
subsidiaries, Cannabis Angel, Inc. and The 420 Development
Corporation, the Company is focused on acquiring and building a
portfolio of revenue producing companies that provide ancillary
services to the cannabis industry. FastFunds does not engage
in activities that violate Federal laws.
Forward-Looking Statements
This news release may include "forward-looking statements"
regarding FastFunds Financial Corporation, and its subsidiaries,
business and project plans. Such forward-looking statements are
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and section 21E of the United States Securities and
Exchange Act of 1934, as amended, and are intended to be covered by
the safe harbor created by such sections. Where FastFunds Financial
Corporation expresses or implies an expectation or belief as to
future events or results, such expectation or belief is believed to
have a reasonable basis. However, forward-looking statements are
subject to risks, uncertainties and other factors, which could
cause actual results to differ materially from future results
expressed, projected or implied by such forward-looking statements.
FastFunds Financial Corporation does not undertake any obligation
to update any forward-looking statement, except as required under
applicable law.
For Further Information Please Contact:
FastFunds Financial Corporation
Mr. Henry Fong
President and Chief Executive Officer
Phone: (561) 514-9042
Chongson, Inc.
Mr. Jon-Paul Cowen
Email: Jonpaul.chongson@earthlink.net