“GME reports that the current greenhouse operation has a projected crop revenue of €160,000 ($198,585)”
LAS VEGAS, NV, Mar. 8, 2018 (GLOBE 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 current greenhouse operation has a projected revenue of approximately €160,000 ($198,585.60), with 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 30 times 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.
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 the biggest 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 70% of its traffic coming from Latin America.
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.
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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.
PR and Business Development Director
Freedom Leaf, Inc.