Freedom Leaf To Open CO2 Supercritical Extraction Facility In Las
Vegas for CBD Oil Production From Local Hemp Farmers Under Nevada's
New Law; State Cultivation Expected to Double Next Year; A Showcase
for NuAxon Equipment
LAS VEGAS, NV-(NewMediaWire - Jul 10, 2017) - Freedom Leaf,
Inc. (OTCQB: FRLF) The Marijuana Legalization Company, is
pleased to announce that it has agreed to purchase CO2
Supercritical Extraction equipment for legal hemp CBD extraction
from NuAxonTech, the producer of world class,
large capacity Co2 Supercritical Extraction equipment.
Clifford J. Perry, Freedom Leaf CEO, explained, "As part of our
strategic business model, the equipment will be installed in Las
Vegas this week and will be used by Freedom Leaf to process locally
grown raw (low THC, less than .03) industrial hemp from this year's
harvest into cannabinoid (CBD) extracts for the booming Nevada
cannabis/hemp market. It may also be used to process EU Certified
rare cannabinoid Hemp from Freedom Leaf's own newly acquired
production facilities in Spain."
In a previous press release, Perry stated, "With this
transformative acquisition in Spain, Freedom Leaf has become a
major participant not only in the booming CBD (cannabidiol)
industry, but in many other aspects of the global hemp industry.
Current product development projects include research into rare
cannabinoids, CBD drinks, phytocannabinoid oil, hemp seed oil, hemp
fabric for footwear and furniture, etc..."
In addition, the facility will also be used as a showcase
for NuAxon's CO2 Supercritical
Extraction equipment. Freedom Leaf is NuAxon's exclusive global
distributor for the cannabis/hemp industry, and it expects
prospective buyers from around the world to come to Las Vegas to
see how the equipment works.
The Las Vegas Sun reported Friday July 7th that
Russell Wilhelm, the Nevada Department of Agriculture Industrial
Hemp Program Manager, says the state is setting up the new
industrial hemp regulations and hemp production is expected to
double in Nevada this year and is projected to keep growing with
the Legislature's passage of Senate Bill 396, which allows for
industrial hemp farming, testing and selling. Last year, Nevada had
only 250 acres in production, while Colorado had over 9,000
acres.
"With the passing of SB396, we actually have the opportunity to
now start producing industrial hemp seed in the state of Nevada,
one, and then two, the other significant opportunity after that is
going to be the ability to sell industrial hemp-based products in
retail venues in the state," Wilhelm said.
The Sun quotes a local hemp farmer saying that Nevada needs to
beef up its industrial-level processing. Much of last year's yield
went unused, or had to be sent out of state to be processed.
NuAxon Tech, the manufacturer of large capacity CO2
Supercritical Extraction units, has 17 years of experience in
extraction process technology and manufacture of large capacity
extraction units over other comparable units, which will serve as a
huge plus for Freedom Leaf Inc.
According to NuAxon Tech, CO2 extraction is "the best method of
extracting therapeutic compounds from a plant. When CO2 is captured
and compressed it becomes a lipophilic solvent. It is exceptional
and efficient at retrieving the oils and fats from plants, some
herbal extractions are as concentrated as 250 to 1." With
proprietary "high flow rate pump" reducing processing time to "as
low as 90 minutes per batch", NuAxon's CO2 Supercritical Extraction
unit can deliver a much higher output than competitive brands.
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 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, 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.