Freedom Leaf Enters
Discussions with Buyers for European Hemp
Harvest; Details Strategic
Advantages Toward Expedited Growth
LAS VEGAS, NV --
July 18, 2018 --
InvestorsHub NewsWire -- Freedom
Leaf, Inc. (OTCQB:
FRLF),
a Company dedicated
to health and wellness products derived from legal Hemp and
comprised of a group of diversified, international,
vertically-integrated hemp businesses and cannabis media
companies, is
pleased to
announce that it has entered discussions with prospective buyers
for its September 2018
hemp harvest. Contracts will
require 20% or higher deposit with balance due upon delivery,
estimated to be in mid-October 2018, after trimming and drying
processes are complete.
CEO Cliff Perry
comments, "In Europe, the
flower commands a much higher price than it does here in the
USA.
Hemp
cigarettes have
been considered a healthy alternative to tobacco cigarettes and
have been smoked there for a number of years.
This
and other uses of the hemp flower created a larger demand in Europe
than the USA.
The
indoor quality hemp, such as that
grown in our greenhouse facility, demands a price
of upward
to
1,250 a kilo.
It
is expected that we will harvest 2,000 kilos which can possibly
bring in 850,000 to as much as 2,000,000."
"It is important
to note, alongside our most recent filing, that our company is
poised for growth like never before. Freedom Leaf, Inc. has absolutely
no toxic debt and no convertible notes; Our European Greenhouse is
one of the largest
at
430,000 square feet, if not the
largest, indoor Hemp
grow
facilities in the world.
We
will have
three harvests a
year indoors and we
also have the rights for an outdoor grow space of
20
hectares
(over 2 million
square feet and expecting 20,000
kilos of Hemp flower sale price
starting at 45 per
kilo).
Currently, we
are using about 20%
of the greenhouse space and will produce
hemp in increasing quantities with each harvest until we meet full
capacity, which would
yield approximately 10,000 kilos per harvest or 30,000 kilos per
year."
"For
our outdoor facility, our intention is
to follow export rules and ship that crop to our Las Vegas
facility for extraction.
We currently have a
letter of Intent to purchase 120,000 pounds of additional
USA
hemp
from a farm for the purposes
of raw extraction
into finely
honed full
spectrum oil which is the only type that we use in our CBD retail
products through
our IRIE
and
Hempology product
lines.
What
we do not use for our own IRIE and Hempology product
lines
we
can sell for $13,000
to $17,000 a kilo for full spectrum within the legal
limits.
We are also
sourcing the equipment to produce CBD Isolate, which is
selling upwards to $7,500 a
kilo."
IRIE, which was fully acquired
in April of 2018, and Hempology, a fully owned subsidiary, are part
of the Company's full vertical integration plan.
In 2017, IRIE had
$1.4 million of
revenue at a 13% net profit31. The Company expects
it to have $2.0
million or more revenue in the 2018 calendar year with a similar
net profit. In addition, Freedom Leaf will
be soon introducing another line of full spectrum
Hemp wellness products under the Freedom Leaf brand, which will be
an online sales channel managed by an outside company
that
has
developed nutraceutical
lines
from the ground
up with
annual sales in the multi-million dollar area within
the span of a
year.
Perry adds,
"Being fully
integrated allows all of our product lines the ability to reach
higher net profits from revenue than would typically be
achieved. It is my goal to strive for
$2 to $3
million gross revenues by year's end
and $10-15m next year in our hemp vertical
businesses, conservatively. Mark my words, this is a
multi-million
dollar company in
the making and we will work to build shareholder value consistently
along the way with each and every step."
LIKE Hempology on
Facebook: https://www.facebook.com/MyHempology
Listen to
Freedom Leaf, Inc. CEO, Clifford J Perry, on a
recent Stock
Day and Uptick Newswire radio show. Visit the Freedom
Leaf Inc., message board on: https://investorshangout.com/.
About Freedom
Leaf, Inc.
Freedom Leaf, Inc. (OTCQB: FRLF) is
a group of diversified, international, vertically-integrated hemp
businesses concentrating on health, wellness, and education as well
as cannabis media companies. Freedom Leaf, Inc. is a
fully-reporting and audited publicly-traded company under the
symbol (OTCQB: FRLF).
Freedom Leaf, Inc. has been a leading go-to resource in the
cannabis, medical marijuana and industrial hemp industries since
2014, founded by professionals with over 200 years combined
experience in marijuana legalization advocacy. FRLF is building a
diverse portfolio of valuable businesses through strategic mergers,
acquisitions, and acceleration projects across the
industry.
FRLF's
large portfolio of acquisitions and properties includes: our
recently acquired full spectrum hemp oil product line
- Irie
CBD; our
wholly-owned hemp extraction division - Leafceuticals, Inc.; our
exclusive health and wellness full spectrum hemp oil brand
- Hempology, our
just-acquired indoor hemp greenhouse in Valencia, Spain for the
cultivation of Hemp; our hemp-based rolling paper company
- Plants to
Paper; two
of the largest Spanish-speaking cannabis web portals in the world
- LaMarihuana.com and Marihuana-Medicinal.com, and
of course our flagship publication - Freedom
Leaf Magazine.
Utilizing
these mergers and acquisitions, Freedom Leaf, Inc. is continually
building a solid foundation for our vertically-integrated hemp
company to maximize both revenue growth, and net profit, which will
increase our shareholders value. Our cultivation and extraction
divisions allow FRLF to grow and source our own hemp CBD, which
allows dramatically lower production costs for our wholly-owned CBD
product lines, thereby generating more revenue
for each product sold. We formulate and manufacture the majority of
our products in our own in-house formulation centers, also greatly
reducing our costs and increasing revenue. In addition, our
extensive domestic and international media companies ensure we can
continuously direct traffic to our many ecommerce sites and
nationwide retail locations. Freedom
Leaf, Inc. also sells licenses to use the Freedom Leaf brand in
different countries and states across the globe. We have entered
into three license agreements: for Spain and Portugal, for The
Netherlands, and for Southern California.
Freedom Leaf,
Inc. does not handle, grow, sell, or dispense marijuana or related
products
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
This
news 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. Forward-looking statements, which are based on
certain assumptions and describe our future plans, strategies and
expectations, can generally be identified by the use of
forward-looking terms such as "believe," "expect," "may," "will,"
"should," "could," "seek," "intend," "plan," "goal," "estimate,"
"anticipate" or other comparable terms. All statements other than
statements of historical facts included in this news release
regarding our strategies, prospects, financial condition,
operations, costs, plans and objectives are forward-looking
statements. Forward-looking statements are neither historical facts
nor assurances of future performance. Instead, they are based only
on our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following: our ability to successfully
market our products and services; the acceptance of our products
and services by customers; our continued ability to pay operating
costs and ability to meet demand for our products and services; the
amount and nature of competition from other media and
cannabis/hemp-related products and services; the effects of changes
in laws governing the cannabis and hemp industries; our ability to
successfully develop and sell new products and services; our
success establishing and maintaining industry relationships,
licensing and supplier arrangements; our ability to comply with
applicable regulations; and the other risks and uncertainties
described in our prior filings with the Securities and Exchange
Commission. We undertake no obligation to publicly update
any forward-looking
statement, whether written or oral, that may be made from time to
time, whether as a result of new information, future developments
or otherwise.
Contact:
Raymond
Medeiros
PR
and Business Development Director
Phone:
415-601-1974
ray@freedomleaf.com
Freedom
Leaf, Inc.