SOURCE: FastFunds Financial Corp.

FastFunds Financial Corp.

December 04, 2014 09:00 ET

FastFunds Financial Corporation Announces Agreement for Distribution for the Tommy Chong Cannabis GreenCard

WEST PALM BEACH, FL--(Marketwired - December 04, 2014) - 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 they have entered into a distribution agreement with Colorado-based GreenHouse Payment Solutions, LLC for the Tommy Chong Cannabis GreenCard. 

The Tommy Chong Cannabis GreenCard functions as a pre-paid loyalty debit card that features enhanced security measures and turn-key customer rewards technology that will alleviate several concerns currently being faced by owners of cannabis dispensaries.

GreenHouse Payment Solutions, LLC has been involved in setting up payment processing for the cannabis industry for nearly 5 years. They specialize in promoting debit card processing through Cashless ATM systems. The company is located in Denver, Colorado and is a proud member of the National Cannabis Industry Association. 

Headed by Founder and CEO Chris Mills, GreenHouse Payment Solutions, LLC has been actively involved in the merchant services industry providing traditional credit card processing nationwide for the last 10 years. Recognizing the need for a legitimate solution to processing problems in the cannabis industry, the company has been primarily focused on providing transaction processing solutions for both medical and recreational marijuana dispensaries nationwide for the last 5 years. 

Mr. Mills' experience includes 32 years of business operations in the Hospitality Business. This includes 16 years in Hotel Management with Hyatt Hotels and John Q Hammons Hotels. He has been interviewed and featured in articles in the Wall Street Journal, Phoenix Business Journal, Under 30 CEO, and KOAA.com.

"We are pleased to have entered into an agreement with FastFunds where we can leverage the value of our existing network of cannabis dispensaries in providing a distribution outlet for the Tommy Chong Cannabis GreenCard. We look forward to working with FastFunds on initiating the roll-out of the product," commented Chris Mills, Founder and CEO of GreenHouse Payment Solutions, LLC. 

Additional information on the company can be found on their website at: http://www.GreenHousePaymentSolutions.com/.

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.

Contact Information

  • For Further Information Please Contact:
    FastFunds Financial Corporation
    Mr. Henry Fong
    President and Chief Executive Officer
    Phone: (561) 514-9042