Freedom Leaf, Inc. Expands International Footprint in South Africa
May 07 2019 - 8:43AM
InvestorsHub NewsWire
Freedom Leaf, Inc. Expands International Footprint in South Africa
FRLF’s Locally Based
Distribution Partner Placed a $100,000 Purchase Order with the
Company to Service a National Pharmaceutical Chain
LAS VEGAS, NV -- May 7, 2019 -- InvestorsHub NewsWire -- Freedom
Leaf,
Inc. (OTCQB: FRLF), now
doing business under Freedom Leaf
Health, and parent company of leading hemp health and
wellness
brands Leafceuticals, IrieCBD, and Hempology announced
a significant new order in the emerging South Africa CBD
market.
Freedom Leaf’s locally based distribution partner placed a new
$100,000 purchase order with the Company to service a national
pharmaceutical chain with three hundred outlets. Once delivered,
this order is expected to fulfill projected revenue for one
quarter. Freedom Leaf is an early mover in South Africa, which has
a population of 55mm and is the fifth most populous country on the
continent. Over the past year, IrieCBD South Africa has received
all the requisite approvals to import and distribute our products
nationwide.
IrieCBD products are currently sold in 10 health and wellness
and veterinarian locations in Durbin, Johannesburg, and Cape Town
and online. Our distribution partner is experiencing triple-digit
month-over-month revenue growth and expects to add 3-4 specialty
outlets per month.
In the fourth quarter of 2018, the South African Constitutional
Court decriminalized the possession and cultivation of cannabis in
a “private space” and the country’s legal framework allows for the
cultivation, importation and use of medical cannabis under strict
regulations. Prohibition Partners estimates that South Africa will
be the largest cannabis market on the continent by 2023.
“South Africa represents a significant international growth
opportunity for Freedom Leaf, and our partner will continue to
aggressively expand our distribution network in this untapped
market,” stated Freedom Leaf Health's CEO Cliff Perry.
About Freedom Leaf Health:
Freedom Leaf Health is a clean healthcare company with a
family of trusted brands that provide premium hemp-derived CBD
health products for greater health, wellness and longevity. IrieCBD
is the company’s flagship brand of consumer health products -
offering full-spectrum hemp-derived CBD products in liquid, capsule
and cream forms to support healthy levels of inflammation, immune
system balance, mood and stress management, restful sleep,
menstrual discomfort relief, energy boost and to act as a wellness
supplement. The company’s NatureBorn brand brings clean health to
pets. Freedom Leaf health is a fully reporting and audited publicly
traded company trading under the symbol (OTCQB: FRLF).
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.
Contact:
Raymond Medeiros
PR and Business Development Director
Phone: 415-601-1974
ray@freedomleaf.com
www.FreedomLeafInc.com