Freedom Leaf Purchases Land and Fully Equipped, 430,000 Square Foot
Greenhouse Complex in Spain for 4,100,000 EUROS ($4.75 million) -
Our Intention is to Operate the Largest Indoor Hemp Nursery in the
World
Las Vegas, NV -- June 18, 2018 -- InvestorsHub NewsWire
-- Freedom Leaf,
Inc. (OTCQB: FRLF), a group of international
vertically integrated hemp businesses focused on health, wellness,
education and media products, has acquired
a 430,000-square-foot greenhouse complex
near Valencia, Spain for €4,100,000 ($4.75
million) 39°16'46.0"N 0°27'31.1"W
The facility is fully operational and is equipped for light
deprivation to force plants to flower, which will allow it to
produce up to four crops per year.
Over 100,000 hemp seedlings have already been planted with more
being planted everyday till the end of this month. The facility is
projected to yield over 100,000 plants this first summer crop,
with an approximate yield of 200-400 grams per plant. Currently, in
Europe, hemp bud sells for €45 to €$450 per kg based on the quality
of the seed stock and strain.
Clifford J. Perry, Freedom Leaf co-founder and CEO, explained:
“With this acquisition, Freedom Leaf intends to become the largest
indoor hemp producer in Europe, where there is a booming market for
CBD products. We expect to have the facility in full production by
early 2019. It will replace our much smaller operation near Elche,
as we have dissolved our previous arrangement with Green Market
Europe by mutual agreement.”
Perry added, “We currently have orders in excess of 3,000 kilos
of European-Certified (low THC.02%), industrial hemp for flower and
full spectrum oil extraction with projected sales of close to
$600,0000 in November of 2018. When in full operation in 2019, with
state of the art upgrades, we anticipate this facility will produce
over 50,000 kilos of high-grade industrial hemp per year. When
recreational cannabis is legalized, it will be easy for us to
convert our production to meet that demand.”
The facility was formerly the largest poinsettia nursery in
Europe with advanced technologies, such as:
- triple galvanized steel girder erection, polished concreate
floors, fully EU compliant electrical, hydraulic heating and
ventilation integrated control center systems;
- sliding bench hydroponic flood tables that maximize plant
density, accelerate crop turnover and ultimately result in
increased yield per square foot and economic efficiencies (costs
per gram);
- transparent ceiling lenses that ensure optimal light
penetration, shadow reduction and diffusion to support plant growth
and ultimately reduce electrical consumption;
- formulated custom nutrient delivery systems optimized for
specific strain growing in the facility at any time. With our water
redundancy supply (four independent water supplies) the irrigation
system reduces waste and supports plant health;
- tried and true HVAC system ensuring optimized climate
conditions;
- precipitation collection for reuse within the facility and
irrigation processes. and
- low-carbon footprint design.
Freedom Leaf co-founder Richard Cowan noted: “Europe is also
moving rapidly toward the recognition of the medical value of full
spectrum (high THC) medical cannabis (marijuana). Last week, the
Parliament of the Valencian ‘Province/State’ voted overwhelmingly
to create a parliamentary commission to study how to legalize the
cultivation and use of high-THC medical marijuana. This proposal
will put pressure on the new national government in Madrid to take
a more progressive stance on cannabis legalization. The European
potential market for recreational cannabis is estimated to be
larger than the U.S. market.”
Marijuana Business Daily reports, “Europe could
become the world’s largest legal cannabis market over the
next five years if every or most of the continent’s roughly 50
nations introduces legislation and regulations, according to a new
report.
“The second edition of the European Cannabis Report – produced
by London-based advisory group Prohibition Partners – suggests that
with 12% of the continent’s 739 million people being either
‘irregular and intensive’ cannabis consumers, Europe’s annual:
- Overall marijuana market will reach €56.2 billion ($66.8
billion)
- Potential medical marijuana market will hit €35.7 billion
($42.8 billion)
- Potential recreational market value will reach 20.5 billion
($24 billion)
- Estimated hemp market will hit €48.9 million ($57.2
billion).”
About Freedom Leaf, Inc.®
Freedom Leaf, Inc., The Marijuana Legalization Company®, 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.
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