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Players Network Announces Nevada State Approval for Medical Marijuana Cultivation and Production Facilities
Green Leaf Farms Holdings Inc. Owned 80% by Players Network Received Nevada State Approval on November 3rd, 2014 for its Medical Marijuana Cultivation and Production Facilities
Nov 04, 2014 (eTeligis.com via COMTEX) -- LAS VEGAS, NV, United States, via ETELIGIS INC., 11/04/2014 - - Players Network (OTCQB: PNTV), a Digital Television, Technology and New Media company that develops, owns, and operates Branded Lifestyle Channel Destinations announces today that The Department of Health and Human Services Nevada Division of Public Behavioral Health ("DPBH" approved Green Leaf Farms Holdings ("GLFH" for operation of its Medical Marijuana Cultivation and Production Facilities. Green Leaf Farms Holdings of which 80% is owned by Players Network ("Company" and/or "PNTV" is the contract purchaser of 3.2 acres in North Las Vegas, Nevada, which has already received Conditional Use Permits for both the Cultivation Facility for Medical Marijuana as well as the Production Facility for Edible Medical Marijuana and Marijuana-Infused Products.
GLFH was granted two of its three applications and use permits. Mark Bradley CEO of Players Network states, "This is an extremely important approval for the Company executing on our vertical strategy to converge a high yielding cash producing brick and motor business with a complementary digital television channel. Where we will use our own media through WeedTv to help market the products and strains that will be produced and cultivated by Green Leaf Farms. This is the revenue engine that the Company has needed to grow and achieve our operational goals and an extremely exciting milestone achievement for all PNTV shareholders. As a brand marketing media company and first mover we feel that we will have a competitive advantage going forward. Based on the revenues generated in States like Colorado and our projections this will be a multi-million dollar business. We look forward to continued updates as we execute on plan and build long term shareholder value." And Mr. Bradley adds, "PNTV is one of the few opportunities for investors to own public stock directly in a medical marijuana establishment as opposed to an industry supplier or secondary business."
Media inquiries contact Lisa Mayo-DeRiso at: 702.576.2659
For Investor inquiries Contact Parker Mitchell 702-575-9157