SOURCE: Players Network

Players Network

March 23, 2016 07:00 ET

Green Leaf Farms Receives Special Use Permits for Production and Cultivation Facility

LAS VEGAS, NV--(Marketwired - Mar 23, 2016) - Player's Network, Inc. (OTC PINK: PNTV), a vertically integrated, diversified, fully reporting public company operating two complimentary portfolios of Media and Medical Marijuana, announced today that the City of North Las Vegas granted Green Leaf Farms Holdings (GLFH) Special Use Permits for both the Production and Cultivation operations at the new facility. In addition, The City of North Las Vegas granted a Certificate of Occupancy for the building. These approvals allow GLFH to move forward completing the initial build out for both the production and cultivation licenses. The construction plan for the 26,000 sq. foot building will be carried out in phases as market demand increases will be managed by MCIG as in their March 8th release http://www.marketwired.com/press-release/mcig-announces-agreement-with-green-leaf-farms-construct-large-scale-cultivation-production-otc-pink-mcig-2104758.htm. Please visit the PNTV corporate website to view the building design and the updated Executive Summary: http://playersnetwork.com/marijuana/green-leaf-farms.

Player's Network C.E.O. Mr. Bradley commented: "These approvals from the City of Las Vegas allow us to move into completing the installation for our new facility. Our team is in place and we are looking forward to commencing cultivation and production operations within 3-4 months. It is important to note that these are two separate revenue streams for the Company. Production revenue will come on line more quickly than cultivation revenues as we can process other grows in the Las Vegas marketplace. This is a significant milestone putting us into our final phase of construction and well on our way to seeing revenue from product sales."

About Player's Network:

Player's Network is a diversified company with holdings in both Media and Medical Marijuana. The Company uses its proprietary Enterprise Web Platform to develop Branded Digital Lifestyle Television Networks for itself and its partners in a wide range of lifestyle categories. Player's Network's current original channels, "Player's Network", "Vegas on Demand", "Real Vegas TV", focus on the Las Vegas and Gaming Lifestyles. These channels are distributed over PNTV's owned and operated VOD Channels over its Broadband Network and Mobile Platforms. The Medical Marijuana assets are primarily through the Company's 80% ownership in Greenleaf Farms Holdings, and PNTV's newest channel, "WeedTV.com, which focuses on the rapidly expanding cannabis community. For more information please visit www.playersnetwork.com.

Statement under the Private Securities Litigation Reform Act:

With the exception of the historical information contained in this Release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to: the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for or install its products, the ability to obtain new customers and the ability to continue to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.

Contact Information

  • For further information contact:
    Media Inquiries:
    Lisa Mayo-DeRiso
    702-576-2659

    Investor Inquiries:
    info@PlayersNetwork.com