PNTV News - good things coming here
Player's Network Announces Green Leaf Farms Holdings Received Approval to move Its Medical Cannabis Cultivation and Production Business
. Players Network Inc. (OTCQB: PNTV) announced today that its 80% owned subsidiary Green Leaf Farms Holdings Inc. was granted approval by both The State of Nevada and City of North Las Vegas to relocate the MME Licenses from the undeveloped land to an existing building also in North Las Vegas. This 22,000 sq. foot building with the needed special use permit for medical marijuana growth and production recently became available. The Company was able to capitalize on this extraordinary opportunity and gain a competitive advantage in bringing the product to market on an expedited schedule. The lease with option to purchase agreement has been finalized, executed and funded. Green Leaf Farms possesses two licenses from the State and the City to grow and produce medical marijuana product for the Nevada market. Plans for the interior build-out will include a second floor to double the growth and production capacity to a 44,000 facility. The build-out will be implemented in stages to reflect the demand in the emerging Nevada market.
As stated in the previous shareholder update Green Leaf Farms has raised all the needed capital to develop, build out and operate the facility, based upon the current rollout plan. Furthermore, the Company has entered into a management and licensing agreement with Agritek, www.agritk.com (OTCQB:AGTK), including overseeing the facility's design and the production of drink, edibles, oils and a broad line of other infused goods.
Nevada is one of the only states that recognize reciprocity between medical marijuana patients in other states allowing anyone with a legal medical marijuana card to purchase medicine. This exponentially increases the potential for the Nevada market today for its products. In addition, there are already doubling the amount of signatures needed in the State of Nevada required for recreational use of marijuana to be on the ballot, and for recreational approval in 2016. With this combination of factors and the 40 million visitors per year to Las Vegas, Nevada, it is expected to quickly become one of the largest markets in the world for marijuana.
Mark Bradley CEO of Players Network stated, "This approval is the final milestone that was necessary to move forward and begin construction. We have everything we need and are quickly finalizing design time schedules, construction permits and plans and expect our first crop around the 4th quarter of this year. The Company will immediately recognize revenues through its 80% ownership of Green Leaf Farms from the production of extracts from other cultivators who did not get approved for a production licenses. This approval marks what I believe is the beginning of a new paradigm for the Company, a foundation of sustained profitability and growth that will provide value to our shareholders who have been patient during this development process."
http://finance.yahoo.com/news/players-network...00840.html
Player's Network Announces Green Leaf Farms Holdings Received Approval to move Its Medical Cannabis Cultivation and Production Business
. Players Network Inc. (OTCQB: PNTV) announced today that its 80% owned subsidiary Green Leaf Farms Holdings Inc. was granted approval by both The State of Nevada and City of North Las Vegas to relocate the MME Licenses from the undeveloped land to an existing building also in North Las Vegas. This 22,000 sq. foot building with the needed special use permit for medical marijuana growth and production recently became available. The Company was able to capitalize on this extraordinary opportunity and gain a competitive advantage in bringing the product to market on an expedited schedule. The lease with option to purchase agreement has been finalized, executed and funded. Green Leaf Farms possesses two licenses from the State and the City to grow and produce medical marijuana product for the Nevada market. Plans for the interior build-out will include a second floor to double the growth and production capacity to a 44,000 facility. The build-out will be implemented in stages to reflect the demand in the emerging Nevada market.
As stated in the previous shareholder update Green Leaf Farms has raised all the needed capital to develop, build out and operate the facility, based upon the current rollout plan. Furthermore, the Company has entered into a management and licensing agreement with Agritek, www.agritk.com (OTCQB:AGTK), including overseeing the facility's design and the production of drink, edibles, oils and a broad line of other infused goods.
Nevada is one of the only states that recognize reciprocity between medical marijuana patients in other states allowing anyone with a legal medical marijuana card to purchase medicine. This exponentially increases the potential for the Nevada market today for its products. In addition, there are already doubling the amount of signatures needed in the State of Nevada required for recreational use of marijuana to be on the ballot, and for recreational approval in 2016. With this combination of factors and the 40 million visitors per year to Las Vegas, Nevada, it is expected to quickly become one of the largest markets in the world for marijuana.
Mark Bradley CEO of Players Network stated, "This approval is the final milestone that was necessary to move forward and begin construction. We have everything we need and are quickly finalizing design time schedules, construction permits and plans and expect our first crop around the 4th quarter of this year. The Company will immediately recognize revenues through its 80% ownership of Green Leaf Farms from the production of extracts from other cultivators who did not get approved for a production licenses. This approval marks what I believe is the beginning of a new paradigm for the Company, a foundation of sustained profitability and growth that will provide value to our shareholders who have been patient during this development process."
http://finance.yahoo.com/news/players-network...00840.html
