Source: Mentor Capital, Inc. Press Release June 2 2014
Bhang Corporation Extends Trusted Brand Into Marijuana Customer POS and Machine Payments
Mentor Capital, Inc. (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.
Chet Billingsley, CEO