$FRLF Jan 09, 2018
OTC Disclosure & News Service
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Our philosophy is to only acquire companies that will add significant Gross Revenue, Net Profit and Shareholder Value to FRLF
LAS VEGAS, NV, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Freedom Leaf Inc. ® (OTCQB:FRLF), The Marijuana Legalization Company ®, is pleased to report that it has fully acquired 100% of Green Market Europe S.L. (GME), a Spanish producer of hemp products. Since the announcement of the acquisition, June 28th 2017, Freedom Leaf Inc. Officers have been diligently working to finalize the international acquisition, and as of today all relevant documentation has been submitted, signed, and finalized.
Clifford J. Perry, Co-founder and CEO of Freedom Leaf Inc., said, “We are very pleased to have completed this transaction, the deal is now final. Our philosophy is to only acquire companies that will add significant Gross Revenue, Net Profit and Shareholder Value to Freedom Leaf Inc. financials, and this is no exception. Green Market Europe S.L. is projected to add €2.000.000 ($2,393,060USD) in its first full year of operation at approximately a 15% net profit.”
Green Market Europe S.L. facilities include a 21,000 sq. ft. light deprivation greenhouse, a 43,000 sq. ft. indoor growing research facility, and over 200 acres of outdoor production space. The light deprivation allows the increase of the number of yearly crops from 3 to 4 crops a year, and the 43,000 sq. ft. indoor grow facility is used for genetic research and cultivating additional hemp crops. Green Market Europe S.L. is strategically located in Elche, Alicante, an important Spanish business hub, with great year-round weather conditions for agricultural growing and a long tradition of growing hemp.
GME marks the second completed acquisition for Freedom Leaf Inc. in Spain and Europe. The first acquisition was in May 2017 of LaMarihuana.com, the Spanish-speaking community’s leading cannabis portal, and Marihuana-Medicinal.com, an influential Spanish medical cannabis information website. LaMarihuana.com was founded in 2001 and currently has more than 1.7 million page visits monthly, making it the among the most visited online portals worldwide for the Spanish-speaking community. LaMarihuana.com also has more than 1.3 million Facebook fans.
Freedom Leaf, Inc. is currently collaborating with Spanish scientists isolating other rare cannabinoids. Some of the ongoing research includes strains with Tetrahydrocannabivarin (THCV), which suppresses appetite, and Cannabichromene (CBC), which has been shown to aid with depression.
OTC Disclosure & News Service
-
Our philosophy is to only acquire companies that will add significant Gross Revenue, Net Profit and Shareholder Value to FRLF
LAS VEGAS, NV, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Freedom Leaf Inc. ® (OTCQB:FRLF), The Marijuana Legalization Company ®, is pleased to report that it has fully acquired 100% of Green Market Europe S.L. (GME), a Spanish producer of hemp products. Since the announcement of the acquisition, June 28th 2017, Freedom Leaf Inc. Officers have been diligently working to finalize the international acquisition, and as of today all relevant documentation has been submitted, signed, and finalized.
Clifford J. Perry, Co-founder and CEO of Freedom Leaf Inc., said, “We are very pleased to have completed this transaction, the deal is now final. Our philosophy is to only acquire companies that will add significant Gross Revenue, Net Profit and Shareholder Value to Freedom Leaf Inc. financials, and this is no exception. Green Market Europe S.L. is projected to add €2.000.000 ($2,393,060USD) in its first full year of operation at approximately a 15% net profit.”
Green Market Europe S.L. facilities include a 21,000 sq. ft. light deprivation greenhouse, a 43,000 sq. ft. indoor growing research facility, and over 200 acres of outdoor production space. The light deprivation allows the increase of the number of yearly crops from 3 to 4 crops a year, and the 43,000 sq. ft. indoor grow facility is used for genetic research and cultivating additional hemp crops. Green Market Europe S.L. is strategically located in Elche, Alicante, an important Spanish business hub, with great year-round weather conditions for agricultural growing and a long tradition of growing hemp.
GME marks the second completed acquisition for Freedom Leaf Inc. in Spain and Europe. The first acquisition was in May 2017 of LaMarihuana.com, the Spanish-speaking community’s leading cannabis portal, and Marihuana-Medicinal.com, an influential Spanish medical cannabis information website. LaMarihuana.com was founded in 2001 and currently has more than 1.7 million page visits monthly, making it the among the most visited online portals worldwide for the Spanish-speaking community. LaMarihuana.com also has more than 1.3 million Facebook fans.
Freedom Leaf, Inc. is currently collaborating with Spanish scientists isolating other rare cannabinoids. Some of the ongoing research includes strains with Tetrahydrocannabivarin (THCV), which suppresses appetite, and Cannabichromene (CBC), which has been shown to aid with depression.
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