LAS VEGAS, NV-(NewMediaWire- Jun 1, 2017) - Freedom Leaf, Inc.
(OTCBB: FRLF) today announced that it has
acquired LaMarihuana.com, the Spanish Speaking
community's leading cannabis portal.
Also, as part of the acquisition, Freedom Leaf has
acquired www.Marihuana-Medicinal.com, which is the
biggest Medical Cannabis information website in Spanish with over
122,000 page visits a month.
LaMarihuana was founded in 2001 and currently has more than 1.6
million page visits monthly, making it the most visited portal
worldwide by the Spanish-speaking community. LaMarihuana has more
than 1.2 million Facebook fans.
LaMarihuana is a full informational site, with daily news,
forums, reviews, business directory, chat, seed banks, and other
relevant information for the cannabis and hemp industry.
The Hispanic population of the United States as of July 1, 2013,
was 54 million people, making it the nation's largest ethnic
minority with over 435 Million Spanish speaking individuals
worldwide.
Spanish speaking countries are playing an ever increasing role
in new emerging Medical and Recreational Cannabis markets such as
Mexico, Colombia, Chile, Costa Rica and Uruguay.
With the acquisition completed, LaMarihuana will now be part of
Freedom Leaf´s Media platform and will work in conjunction
with FreedomLeaf.com, and other properties in
development.
"We are very happy to belong to an important North American
group of the cannabis industry like Freedom Leaf. Being a part of
this powerful Industry group makes us see the future with more
optimism, while ensuring that our flagship cannabis
website, LaMarihuana.com, will continue to be the hub of
Spanish speaking information and culture relating to our beloved
plant," said Mac, Chief Editor and founder of LaMarihuana.com
Freedom Leaf has retained all key members of the current
LaMarihuana team headquartered in Valencia, Spain to collaborate
and continue to develop the potential of the websites and other
sources of revenue related to the massive daily traffic and social
media interaction.
"Our technical team at Freedom Leaf is confident we will be able
to monetize the full potential of the two websites in a very timely
manner," stated Cliff Perry, CEO of Freedom Leaf.
"Furthermore Mr. Perry has stated in the past that it was his
plan to become the leading Global media platform in the Cannabis
industry, by acquiring the leading high traffic websites, blogs,
social and digital media properties and strategically circulated
publications worldwide. Clifford Perry has in his sights a number
of hot media acquisitions that will firmly establish Freedom Leaf
as a dominant player in this ever increasing demographic segment,"
stated Jon Doukas, Managing Partner of Trends Mergers &
Acquisitions.
About Freedom Leaf
Freedom Leaf, Inc., The Marijuana Legalization
Company™, is a fully reporting and audited, publicly
traded company trading under the symbol (OTCBB: 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 in the
marijuana industry, including 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, and web advertising,
for the ever changing emerging cannabis, medical marijuana and
industrial hemp industry.
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.
Investor relations information can be found on the FreedomLeafInc.com company website.