LAS VEGAS, NV--(Marketwired - Sep 7, 2017) - Freedom Leaf, Inc.™ (
Clifford J. Perry, Freedom Leaf co-founder and CEO explained, "The MJAC2017 was the perfect occasion to launch our new JV with Wall Street Research ™ and to meet with prospective investors, who were also very interested in our new ventures in Spain."
As previously announced, Freedom Leaf and Green Market Europe have signed a letter of intent for Freedom Leaf to acquire 100% of GME including its IP, projects and assets. Freedom Leaf has paid the cash stipulated in the contract as a deposit towards the full transaction, and the acquisition is expected to close as soon as the legal and accounting review is completed within the next 30 days. Freedom Leaf has agreed to support the expansion of GME with two additional growing operations internationally before the end of 2019 to take advantage of the skills and the potential of the GME staff.
"This transaction with GME was found, nurtured and arranged by Mr. Federico Pando, respectfully known to everyone as "Fede", the Managing Director of Freedom Leaf's licensee in Spain. He also arranged our acquisition of LaMarihuana.com, known as a world leading Spanish language cannabis portal, and it will offer many new opportunities for us through the Intellectual Property generated, as well as products and services offered to our wide network of clients," noted Perry. With its monthly unique visitors in excess of 1.5 million, it gives us a leg up on capturing the Worldwide Spanish speaking market.
Green Market Europe's facilities include a 21,000-sq. ft. light deprivation greenhouse that allows increasing the number of crops per year, a 43,000-sq. ft. greenhouse and indoor growing facility for Genetic research.
GME is strategically located in Elche, Alicante, an important Spanish business hub, with great year-round weather conditions for agricultural growing and it is also a traditional Hemp growing region.
GME has a current collaboration agreement with local University of Miguel Hernandez to grow and develop an EU certified Hemp strain with high cannabidiol (CBD) content that can easily grow in the local climate, and for researching better methods for growing hemp.
The company has also applied to become a licensed Cannabis producer in Spain under the supervision of Spanish authorities and compliant with International Narcotic laws, and is collaborating with two privately owned European companies for product development and global marketing to provide a variety of Freedom Leaf branded products with Rare Cannabinoids, CBG, (Cannabigerol) in addition to its popular CBD, Cannabidiol.
Luis Miguel Santos, Founder of GME commented, "We are thrilled to be a part of the Freedom Leaf group and expect to benefit from our mutual collaboration in both the near term and into the future. We are confident Green Market Europe is already a very technically advanced hemp producer in Spain, but being a part of Freedom Leaf will help us become a company with global reach, expand operations overseas and maximize our know how and expertise required in such a versatile plant."
The company is in negotiations to acquire participations in local $2M Food grade ethanol extraction plant that can extract up to 400 pounds of hemp fiber per batch, as well as from fruit and vegetable sources.
Consequently, the company also is also finalizing studies to produce either Freedom Leaf affiliated brands and/or white label CBD infused functional beverages such as water, beer, wine or pomegranate juice made in Europe and for potential licensed product development in North America.
About Freedom Leaf
Freedom Leaf, Inc., The Marijuana Legalization Company™, is a fully reporting and audited, publicly traded company trading under the symbol (
Freedom Leaf, Inc. does not handle, grow, sell, or dispense marijuana.
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.
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(WSR) has also issued a research report on Freedom Leaf Read the WSR Freedom Leaf Research Report
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 Information:
CONTACT INFORMATION
Raymond Medeiros
PR and Business Development Director
Phone: 415-601-1974
Ray@FreedomLeaf.com
Freedom Leaf, Inc.
3571 East Sunset Road
Las Vegas, Nevada 89120