Freedom Leaf Wholly Owned Subsidiary Green Lotus Announces Second Successful Commercial Shipment to Mexico
October 22 2019 - 8:30AM
InvestorsHub NewsWire
Dallas, Texas
-- October 22, 2019 -- InvestorsHub NewsWire
-- Green Lotus™ (or the “Company”), a premium hemp oil brand subsidiary
of Freedom Leaf Inc.
(OTCQB: FRLF), a Nevada corporation, d/b/a Freedom Leaf Health,
announced its second successful commercial shipment of CBD and hemp
products to Mexico. The shipment is part of an exclusive
partnership between Green Lotus™ and CBD Life SA to supply 4,000 major pharmacy
retailers throughout Mexico.
“Since launching Green Lotus™ in 2016, we’ve seen an increasing appetite for CBD
and hemp products across the Mexican and Latin American markets,
from traditional supermarkets to over-the-counter pharmacy
retailers,” said Carlos Frias, CEO of Freedom Leaf. “As the only
U.S. Company approved to export CBD products to
Mexico, Green Lotus™ has a unique first-mover advantage to partner with
major brands in this untapped growth market. As we continue
to work with CBD Life, we will see an increasing opportunity to
place Green Lotus products on the shelves of trusted retailers to
make our suite of premium hemp oil products available to this
extensive customer base.”
The Company completed its first shipment to Mexico,
which included over 200,000 units of product, including Green
Lotus’ premium hemp oil topicals, in September 2019. The second
shipment included the same quantity of Green Lotus’ CBD products.
The Company anticipates fulfilling a third shipment consisting of
250,000 units to Mexico by the end of October 2019 to complete its
initial launch into 4,000 points of sale in
Mexico.
Green Lotus™ is the first U.S. hemp-derived products company to be
approved for commercial distribution and export to Mexico. The
Company currently holds 21 product permits for CBD-specific
products allowed to be imported into Mexico. Currently, no other
permits are expected to be issued over the next 18-24 months,
making Green Lotus™ the sole distributor and exporter of hemp and CBD
products to the Mexican
market.
Green
Lotus™ combines farm-to-bottle purity with cGMP-processed
formulas to deliver hemp oil products of unparalleled quality and
safety. The brand has grown by an astounding 500%
year-over-year since 2016, catapulted in part by its proprietary
formulas and agile, vertically integrated supply
chain.
About Green
Lotus™
Green Lotus™ is a premium hemp oil brand that
provides responsibly produced, natural cannabinoid-rich products to
consumers and businesses. The brand is veteran-owned and powered by
a diverse team dedicated to promoting a world where the restorative
power of hemp is accessible to all people. For more information,
please visit https://greenlotushemp.com.
About Freedom Leaf,
Inc.
Freedom Leaf
Health is a first-in-class hemp consumer packaged goods
company with a family of trusted brands that provide premium hemp
products for greater wellness, balance and longevity. Green Lotus™
and IrieCBD are the Company's foremost brands, offering premium
hemp oil products such as topicals, tinctures, vapables, softgels
and sparkling beverages. Freedom Leaf Health is a fully reporting
and audited publicly-traded company trading under the symbol
(OTCQB: FRLF).
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For Green Lotus and Freedom
Leaf:
Media
Contacts
Anthony Feldman / Nick
Opich
KCSA Strategic
Communications
(347) 487-6194 / (212)
896-1206
afeldman@kcsa.com / nopich@kcsa.com
Jennifer
Price
MediaJel
Phone: (609) 638
-2558
Email: jen@mediajel.com
Investor
Contacts
Phil Carlson / Erika Kay
KCSA Strategic
Communications
Phone: (212)
896-1233
Email: pcarlson@kcsa.com / ekay@kcsa.com