REDFUND CLIENT SUNSHINE STATE TEA RAMPS UP PRODUCTION

Sunshine State Tea Unveils first multi-pack CBD Flavors

 Sunshine State Tea Unveils First Multi-Pack CBD Flavors 

Vancouver, British Columbia, August 3, 2020 – Redfund Capital Corp. (CSE: LOAN) (Frankfurt: O3X4) (OTC QB: PNNRF) (Redfund or the “Company”) is pleased to celebrate with our portfolio client Sunshine State Tea as production restarts and ramps up for delivery and they unveil their first flavored CBD tea multi-pack. 

Sunshine State Tea’s first multi-pack consists of 4 original flavors. They are: caffeinated black tea with a Blackberry Twist (black tea, blackberry leaf, rose petals), Coconut Thai (black tea, star anise, vanilla extract, coconut) and the decaffeinated herbal blends are Hibiscus Rose (hibiscus, rose hips, lemongrass, spearmint, cinnamon, wild cherry bark, orange peel) and Mocha Chicory (carob, chicory, malted barley, blackberry leaf, licorice root, cinnamon, clove, hazelnut extract). Sunshine tea blends are individually wrapped in their own clear envelopes so you can pick and mix loose tea to create your own delicious tea selections or go with a single Sunshine blend. Each envelope is infused with CBD equal to 10mg for each tea serving. Each multi-pack box consists of 4 flavors, 2 black tea envelopes and 2 herbal tea envelopes plus 100% recyclable drawstring teabags for individual tea filling. 

Sunshine will launch immediately into Europe on a CBD marketplace platform and also a domestic digital marketing plan into the USA to build up their revenues quickly. Prohibition Partners of London in their recent June 2020 Impact Series report titled Disrupting Drinks stated that “the global market for cannabis-infused beverages (including hemp) was estimated to be worth US$1.89 billion in 2020; however, the impact on production, distribution and consumer uptake will no doubt take a hit from the impact of COVID-19, as consumers concentrate on stocking up on the basics and opt for formats that deliver more specifically on their needs.” 

“Sunshine has begun ramping up production to begin its tea rollout as the pandemic had stalled regular production lines. Differentiating them with unique great tasting flavors and variety packs will make the Sunshine brand known in the marketplace quickly. They are also building a strong distribution network to enhance their direct sales. Beverages have always been on the Redfund radar as a growing niche market. I think infused healthy drinks will begin to increase their sales globally as people look to boost their immune systems this fall. There’s been a small hiccup however we feel beverages with benefits should show strong performance numbers,” said Meris Kott, CEO, Redfund Capital Corp. 

About Redfund Capital Corp. 

Redfund partners with first mover, high growth companies, and provides them with access to capital, resources, and infrastructure. The present focus of the merchant bank is on global wellness, hemp and CBD-related, healthcare-related target companies. 

For further information please visit www.redfundcapital.com 

For more information on Redfund Capital Corp. contact 

Meris Kott CEO 604.484.0355 or info@redfundcapital.com 

Further information about the Company is available on www.SEDAR.com under the Company’s profile. 

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this release may constitute “forward–looking statements” or “forward-looking information” (collectively “forward-looking information”) as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.