FNNZF - NetworkNewsBreaks - FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Enters Royalty Agreement with Multi-Brand Infused Products Manufacturer QVI Inc.
Royalty company for the U.S. licensed medical cannabis industry FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) today announced its entry into a royalty agreement with QVI Inc. (which stands for Quality, Value, Integrity, doing business as “The Galley”), a Sonoma County, California-based cannabis-infused product manufacturer. QVI is strategically located in Sonoma, California, between the famed Emerald Triangle and the greater San Francisco Bay Area, and it is in the process of refitting its 8,300 square foot facility in Santa Rosa for a large-scale commercial kitchen. The facility is planned to have dedicated spaces for baked goods, chocolate products and a hard candy and gummy line, as well as a designated area for contract manufacturing of additional products, including topicals and tinctures, vapes, pre-rolls, flower assembly and packaging services. “We are very pleased to complete our royalty agreement with QVI and their exceptional team,” FinCanna Capital CEO Andriyko Herchak said in the news release. “Our investment will accelerate QVI’s growth strategy to move rapidly into the manufacturing, order fulfillment and customer acquisition phases of its development in the state of California from its home in Sonoma County. This is also a great fit for our portfolio as it provides additional diversification, and with QVI’s potential for rapid scalability, a strong impact to our bottom line moving forward.”
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About FinCanna Capital Corp.
FinCanna provides financing to top-tier companies in the licensed medical cannabis industry in exchange for a royalty on revenues. FinCanna, led by a team of finance and industry experts, is building its diversified portfolio of royalty investments in scalable, best-in-class projects and companies in U.S. legal states, with a focus on California. For more information, visit the company’s website at www.FinCannaCapital.com
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