SOURCE: Freedom Leaf, Inc.
August 29, 2017 07:30 ET
Green Market Europe Will Become Freedom Leaf's Hemp Production Company and Research Facilities in Europe; Major Product Developments In Rare Cannabinoids
LAS VEGAS, NV--(Marketwired - Aug 29, 2017) - Freedom Leaf Inc.™ (OTCQB: FRLF) The Marijuana Legalization Company™ is pleased to report significant developments in its Spanish acquisition, Green Market Europe, in conjunction with University Miguel Hernández in Elche, Spain.
As previously announced, Freedom Leaf and Green Market Europe have signed a letter of intent for Freedom Leaf to acquire 100% of GME's IP, projects and assets. Freedom Leaf has paid the cash stipulated in the contract as a deposit of the full transaction, and the acquisition is expected to close as soon as the legal and accounting review is completed within the next 30 days. Freedom Leaf has agreed to expand two additional growing operations internationally before the end of 2019 to maximize skills and potential of staff.
"This operation will make an interesting change of our business model, through the Intellectual Property generated, as well as products and services offered to our wide network of clients," noted Clifford J Perry, Co- founder and CEO of Freedom Leaf Inc.
Luis Miguel Santos, Founder of GME comments, "We are thrilled to be a part of the Freedom Leaf group and expect to benefit from our mutual collaboration in the near term and into the future. We are confident Green Market Europe is already the most technically advanced hemp producer in Spain, but being a part of Freedom Leaf will help us become a company with global reach, expand operations overseas and maximize our know how and expertise required in such a versatile plant."
GME facilities include a 21,000-sq. ft. light deprivation greenhouse that allows increasing the number of crops per year, a 43,000-sq. ft. greenhouse and indoor growing facility for Genetic research.
GME is strategically located in Elche, Alicante, an important Spanish business hub, with great year-round weather conditions for agricultural growing and it is also a traditional Hemp growing region.
GME has a current collaboration agreement with local University of Miguel Hernandez to grow and develop an EU certified Hemp strain with high cannabidiol (CBD) content that can easily grow in the local climate, and for researching better methods for growing hemp.
The company has also applied to become a licensed Cannabis producer in Spain under the supervision of Spanish authorities and compliant with International Narcotic laws, and is collaborating with two privately owned European companies for product development and global marketing to provide a variety of Freedom Leaf branded products with Rare Cannabinoids, CBG, (Cannabigerol) in addition to its popular CBD, Cannabidiol.
The company is in negotiations to acquire participations in local $2M Food grade ethanol extraction plant that can extract up to 400 pounds of hemp fiber per batch, as well as from fruit and vegetable sources. Consequently, the company also is also finalizing studies to produce either Freedom Leaf affiliated brands and/or white label CBD infused functional beverages such as water, beer, wine or pomegranate juice made in Europe or licensed product development in North America.
Freedom Leaf, Inc. Just Launched the new website for hempOLOGY™ Brand Ayurvedic Herbal Vapors Combining Ancient Formulas with CBD. Go to www.MyHempology.com and sign up to be among the first customers to receive your hempOLOGY™ products and receive a 20% discount coupon to use on your first order.
Freedom Leaf, Inc. (OTCQB: FRLF) recently announced that it has joint ventured with WallStreet
Research™ (WSR) to become the leading source for public companies to gain coverage and publish investment research reports through WSR's brand and large readership base. Read the Freedom Leaf Research Report here.
Freedom Leaf, "The Marijuana Legalization Company™" and WallStreet Research will kick off their Joint venture in Los Angeles' Premium Investment Cannabis Event MJAC2017 with a conference presentation and a booths 338 & 340, Come chat with us about the emerging GREEN Industry!
MJAC2017 is a unique environment that allows industry giants from around the world to exhibit their businesses to high net worth investors. The event is being run by InvestorsHub, one of the world's most significant retail investor networks.
About Freedom Leaf
Freedom Leaf, Inc., The Marijuana Legalization Company™, is a fully reporting and audited, publicly traded company trading under the symbol (OTCQB: FRLF). Freedom Leaf, Inc. is a leading go-to resource in the cannabis, medical marijuana, and industrial hemp industry. It is involved in mergers and acquisitions and business consulting in the marijuana industry, including incubation/acceleration and spin offs of new marijuana/hemp related companies. Freedom Leaf, Inc.'s flagship publication is Freedom Leaf Magazine, "The Good News in Marijuana Reform". The company produces a portfolio of news, print and digital multi-media verticals, websites, blogs and web advertising, for the ever-changing emerging cannabis, medical marijuana and industrial hemp industry.
Freedom Leaf, Inc. does not handle, grow, sell, or disperse marijuana.
Investor relations information can be found on the FreedomLeafInc.com company website.
Safe Harbor Statement
Statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by phrases such as Freedom Leaf, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward- looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company's products and services, changes in relationships with third parties, and other factors described in the Company's most recent periodic filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K dated June 30, 2016 and quarterly reports on Form 10-Q.
- CONTACT INFORMATION
- Raymond Medeiros
- PR and Business Development Director Phone: 415-601-1974
- Ray@FreedomLeaf.com Freedom Leaf, Inc.
- 3571 East Sunset Road Las Vegas, Nevada 89120