LAS VEGAS, NV--(NewMediaWire - Oct 18, 2017) - Freedom Leaf
Inc., (OTCQB: FRLF), The Marijuana
Legalization Company™, is pleased to release the first video of the
progress of our overseas investment in Green Market
Europe S.A. located in Elche, Spain. Freedom Leaf
Fashion Brands, starting
with Hempstalkers™ sneakers and apparel
made in Elche, Spain, our Spanish HQ, which is a major center for
the shoe industry in Europe. Production is expected to begin by end
of 2017.
See the video of Green Market Europe here
Based on purchase orders already received for delivery in the
next few months we expect a little over $1.0 million in revenue for
Green Market Europe S. A. during our current fiscal year ending
June 30, 2018. Green Market Europe S. A. is the target company as
stated in our press release announcing the signed Letter of
Intent. It is anticipated that the Acquisition Contract will
be signed in November 2017 after our Auditor has completed the
audit.
Freedom Leaf and Green Market Europe signed a letter of intent
for Freedom Leaf to acquire 100% of GME's IP, projects and assets.
The acquisition is expected to close 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 addition to our
business model, through the Intellectual Property generated, as
well as products and services offered to International market
increasing our 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 this
very 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.
To help promote the Green Market Europe &
Hempstalkers, Hempology and Leafceuticals brand
opportunities, Freedom Leaf, Inc. and
our Joint Venture Investor Relations partner WallStreet
Research™, LLC will be presenting at The Alternative Asset
ReLeaf Summit, an event primary attended Hedge Fund Managers, (Oct.
23-25) at the Wynn/Encore Hotel in Las Vegas, NV, Freedom
Leaf's hometown.
Notice on filing Annual Report (10K)
The Annual Report on Form 10-K (the "Annual Report") of Freedom
Leaf Inc. (OTCQB: FRLF) (the "Company") is being filed
pursuant to the Order under Section 15B, Section 17A and Section 36
of The Securities Exchange Act of 1934 Granting Exemptions from
Specified Provisions of the Exchange Act and Certain Rules
Thereunder (the "Order"), dated September 28, 2017, of the
Securities and Exchange Commission (available
at https://www.sec.gov/rules/other/2017/34-81760.pdf), which
extends the Company's deadline to file this Annual Report. Pursuant
to the Order, for companies affected by Hurricane Irma, all
reports, schedules or forms must be filed on or before October 19,
2017.
The Company's independent certifying accountant's office is
located in Tampa, Florida, and as a result of Hurricane Irma and
its aftermath, was closed for about a week because it lost power
and Internet access, which closure delayed the completion of the
audit of the Company's financial statements. As a result, the
Company was not able to file this Annual Report by October 13,
2017, and the Company is therefore relying on the SEC Order.
About WallStreetResearch™
Alan Stone & Company, LLC with its affiliate
WallStreetResearch™ provides a strategic approach to enhancing
shareholder value and liquidity. WSR publishes and distributes
corporate profiles, newsletters and in-depth research reports on
emerging small-cap companies. WallStreetResearch™ is ranked #1 on
Google, Yahoo and Bing search engines.
(WSR) has also issued a research report on Freedom
Leaf Read the WSR Freedom Leaf Research Report
About NuAxon Tech
NuAxon Tech is the manufacturer of large capacity CO2
Supercritical Extraction unit, and 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. Freedom Leaf, Inc. has the worldwide exclusive sales and
marketing agreement to represent the NuAxon Bioscience line of CO2
Extractors for the cannabis and hemp industry, which include a 100
liter up to 100 liter capacity unit, the sizes that will be needed
to convert the thousands of acres of Hemp that are being planted in
the U.S. and around the world.
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 dispense
marijuana.
All of our European activities are in full compliance with
relevant EU laws.
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.