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Renewal Fuels Inc. (OTC PINK:RNWF) has announced a refined business strategy for its subsidiary, Microcap Advisors LLC, focusing on enhanced services to aid small publicly traded companies amidst evolving regulatory demands. Key areas include:
- Compliance Services for new FINRA rules
- Preparation for Financing amid stricter capital acquisition
- Evaluation of Rule 144 Changes affecting legacy debt
The company aims to support microcap firms in navigating the complexities of the current market landscape effectively.
Renewal Fuels Inc. (OTC PINK:RNWF) announced its subsidiary, 7 Point Financial, has formed strategic partnerships with Growthport Inc. and Canna Pax Solutions for electronic payment solutions and financial services targeting the cannabis sector. However, Sunshine Hemp, another subsidiary, was not selected for a grant aimed at funding its hemp processing facility, competing among 529 applicants. Sunshine Hemp continues to seek capital for its innovative processing facility in Florida, which aims to utilize hemp for multiple products.
Renewal Fuels Inc. (OTC PINK:RNWF) is advancing its subsidiary Sunshine Hemp Inc. through a planning grant application for the Florida Hemp Fiber Innovation Project. This initiative aims to create a regional hemp processing facility that will cottonize hemp for textiles, potentially generating $60 million in revenue within two years. The project is expected to create around 50 jobs and support local farmers by offering a sustainable alternative crop. Sunshine Hemp's process will enable cottonized hemp to be used in existing cotton mills, addressing supply shortages in the U.S.
Renewal Fuels, Inc. (RNWF) has executed agreements to acquire Sacred Biosciences, 7 Point Financial, 9 Square Consulting, Microcap Advisors, Pacific Compliance, and Sunshine Hemp. These strategic acquisitions focus on the psilocybin, hemp, and financial service sectors. Sacred Biosciences aims to lead in psychedelic research and product development. Sunshine Hemp supports Florida farmers with premium hemp genetics, while the other firms enhance Renewal Fuels' capabilities in high-risk financial compliance and consulting. CEO Alka Badshah expressed enthusiasm about expanding market reach through these acquisitions.
Renewal Fuels, Inc. (OTC PINK:RNWF) has appointed Alka Badshah as the new CEO, effective July 12, 2021. She brings over 20 years of experience in emerging technologies and venture capital. Under her leadership, the company aims to pursue acquisitions and joint ventures in the psychedelic, cannabis, and hemp sectors, alongside offering financial services. Badshah expressed her commitment to enhancing shareholder value and growing the company into profitable areas.
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