GME reports that crop to be harvested in 6 weeks has projected
revenue of €160,000 ($198,585)
Las Vegas, NV -- March 08, 2018 -- InvestorsHub NewsWire --
Freedom Leaf, Inc. (OTCQB: FRLF), a group of
diversified, international, vertically-integrated cannabis/hemp
businesses and media companies, today announced that its
Co-Founders, CEO Clifford J. Perry and Richard Cowan, are currently
in Spain to visit newly acquired Green Market Europe
S.L. hemp cultivation operations and explore new
business opportunities at the Spannabis Expo.
On March 6, Cowan visited two of the flowering greenhouses
operated by Green Market Europe S.L. in Spain.
(See photos and videos from the trip.)
Green Market Europe is a b2b cultivator and has an indoor
greenhouse grow area of 43,000 sq. ft. (4000 m2), plus a light
deprivation greenhouse with an area of 21,000 sq. ft. (2000 m2),
and outdoor cultivation and production capabilities of 240 acres
(over 100 hectares).
Luis Miguel Santos, managing director of Green Market Europe
S.L., reported, “The greenhouse HEMP crop to be
harvested in 3 weeks has a projected revenue of
approximately €160,000 ($198,585). There is an
ever-growing demand for our high-quality hemp
products.”
As in their United States operations, Freedom Leaf Europe will
seek to vertically integrate its production with the quality CBD
Freedom Leaf branded products, especially targeting the Latin
American markets and “Cannabis Light¨ (CBD Hemp Flower) boom in
Europe. FRLF’s branded CBD and industrial hemp products sold
directly to consumers can be considerably more profitable than
wholesaling to distributors.
Freedom Leaf Executives will also be attending the Spannabis
Expo (March 9 - 11) has grown to over 18,000 square meters (193,750
square ft.) and expects more than 30,000 visitors at the
fairgrounds of Cornellà de
Llobregat. http://spannabis.com/barcelona/en/
Clifford Perry explained, “Spannabis is a great place to network
and find new opportunities and meet the leaders of the cannabis
industry from around the world alongside all of our new Spanish
business partners.”
Federico Pando, Freedom Leaf Licensee in Spain and Portugal,
states, ¨We are confident with the current and upcoming
acquisitions, collaborations, and partnerships, Freedom Leaf will
be a major international company leading the medical cannabis
industry, industrial hemp research, and CBD production, with
lifestyle brands catering to sophisticated and mainstream
consumers.”
Last year, Freedom Leaf also acquired LaMarihuana.com, the
world’s leading Spanish language cannabis portal with an average
1.7 million hits a month and 1.2 million likes on Facebook. As part
of the acquisition, Freedom Leaf additionally
acquired www.Marihuana-Medicinal.com, which is one of the
largest medical cannabis information website in Spanish with over
122,000 page visits a month.
La Marihuana was founded in 2001 and
currently has more than 12,000 articles published and over 1
million visitors per month, making it the most visited online
portal by the Spanish-speaking community with 73% of its traffic
coming from Latin America, and the rest of the world.
Perry explained, “This year we are focusing on upgrading our
online technology to increase traffic, monetizing our current
traffic, and build our e-commerce sites to maximize our profit
margins and revenue generation.”
In January, Freedom Leaf completed its acquisition
of Green Market Europe S.L. and intends to become a
global leader in mass production of highest quality EU certified
industrial hemp and related research.
Just this week, FRLF signed an Asset Purchase
Agreement to acquire Irie CBD, a California-based product
line that has been operating since 2015. Irie
CBD formulates, manufactures and distributes CBD
tinctures, CBD edibles, CBD topicals and CBD concentrates to retail
markets across the country. Irie boasts a large inventory of more
than 25 different products and recorded approximately $1.5 million
of revenue in 2017. Irie also leases a full manufacturing and
processing facility in Oakland, California that is included in the
acquisition.
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), a group of diversified,
international, vertically-integrated Cannabis/Hemp/CBD businesses
and media companies
Freedom Leaf, Inc. is a leading, go-to resource in the cannabis,
medical and recreational marijuana, CBD and industrial hemp
industries. It is involved in mergers and acquisitions in
these industries, including acceleration and spin offs of new
companies involved in those industries.
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. The Company also controls LaMarihuana.com, the
world’s leading Spanish publication focused on these
industries.
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
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.
Contact: Raymond Medeiros PR and Business Development Director Phone: 415-601-1974 ray@freedomleaf.com Freedom Leaf, Inc.