GL Brands Announces Ticker Symbol Change to "GRLB" on the OTC Exchange
February 13 2020 - 8:45AM
InvestorsHub NewsWire
GL Brands Announces Ticker
Symbol Change to "GRLB" on the OTC Exchange
Dallas, TX -- Febraury 13, 2020
-- InvestorsHub NewsWire -- GL Brands, Inc.
(OTC
PINK: GRLB)
("the Company"), a global hemp consumer packaged goods company and
global house of brands based in Dallas, TX, announced today that
effective immediately, the Company's ticker symbol on OTC Markets
has changed from "FRLF" to the symbol "GRLB".
"Our
ticker symbol change is aligned with our strategic evolution into a
leading global hemp consumer packaged goods company as we continue
to build the GL Brands house of brands", stated Carlos Frias, CEO
of GL Brands.
"We
have come a long way, both operationally and financially since the
Freedom Leaf acquisition of ECS Labs LLC last June, and have
positioned our rebranded company, GL Brands, at the forefront of
the emerging cannabis market through the growth of our operating
subsidiaries, Green Lotus™ and Irie
CBD", continued
Mr. Frias. "Our new ticker symbol marks the completion of this
corporate transformation and will serve to further enhance our
visibility in the market."
About GL Brands Inc.:
GL Brands is a
global hemp consumer packaged goods company that creates authentic,
enduring and culturally relevant brands engaged in the development
and sale of cannabis-derived wellness products. Through its premier
brands Green Lotus™ and Irie CBD, GL Brands delivers a full
portfolio of hemp-derived CBD products, including tinctures, soft
gels, gummies, sparkling beverages, vapes, flower and topical
segments to promote greater wellness and balance, in the U.S. and
throughout the world. For more information, please
visit https://www.glbrands.com.
Safe Harbor
Statement
This press release
contains "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, that are intended
to be covered by the "safe harbor" created by those sections.
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
"believes," "expects," "anticipates," "foresees," "forecasts,"
"estimates" or other words or phrases of similar import. Similarly,
statements herein that describe GL Brand'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 GL Brand's products and services, changes in
relationships with third parties, and other factors described in GL
Brand's most recent periodic filings with the Securities and
Exchange Commission. These risks and
uncertainties include, without limitation, changes in general
industry or regional market conditions; changes in consumer and
customer preferences for our products; loss of business from
increased competition; changes in strategic relationships;
unfavorable fluctuations in currencies or interest rates in the
regions in which we operate; changes in regulatory conditions;
changes in tax laws; import and export duty and tariff rates in or
with the countries with which we conduct business; and negative
impact of any governmental investigations and associated
litigations.
The occurrence of
any of these risks and uncertainties could have a material adverse
effect on the Company's business, financial condition and results
of operations. The Company is not obligated to revise or update any
forward-looking statements to reflect events or circumstances that
may arise after the date of this release.
Investor
Contacts:
Phil Carlson / Erika
Kay
Phone: (212)
896-1233
Email: pcarlson@kcsa.com / ekay@kcsa.com
Media Contacts:
Anthony Feldman / Nick
Opich
KCSA Strategic
Communications
(347) 487-6194 / (212)
896-1206
afeldman@kcsa.com / nopich@kcsa.com