$FRLF Freedom Leaf, Inc. Files 10Q, Now Focused On Revenue, International Growth and Profitability in 2018
6:30 AM ET 2/22/18 | GlobeNewswire
Freedom Leaf, Inc. Files 10Q, Now Focused On Revenue, International Growth and Profitability in 2018
Freedom Leaf Announces Hempology CBD Line Now Available In Multiple Retail Locations Across the Country
LAS VEGAS, NV , Feb. 22, 2018 (GLOBE NEWSWIRE) -- Freedom Leaf, Inc. (OTCQB: FRLF) today announced it has filed its 10Q for the Quarter Ended December 31, 2017.
Noted recently hired CFO Richard Groberg: "Given my insertion into the middle of the year-end process, the tax law changes, international acquisitions, the retirement of all convertible debt repayments and equity infusions before and after quarter end, that was quite the learning curve. I'm looking forward to now turning part of my attention to the numerous revenue-generating projects the Company has initiated."
"Thanks to the efforts of our new CFO and our team, we now expect to move quickly into a new phase of the Company's development as we continue to acquire and integrate additional revenue-producing companies, " said Cliff Perry, Freedom Leaf's President and CEO. Perry went on, "This 10Q is only a stepping stone to our goal to become debt free and move forward with our new revenue streams: Hempology and Leafceuticals."
Hempology is Freedom Leaf's exclusive line of Hemp CBD products, including CBD Herbal Vapors, Mint CBD Oil, and CBD Pet Treats. After two successful trade shows at the Tobacco Plus Expo and CHAMPS in Las Vegas, Freedom Leaf is announcing that its CBD product line will soon be available in retail locations in more than ten states across the country, including California, Nevada, Washington, Oregon, Texas, Michigan, Georgia, and Alaska.
Chris Thompson, Freedom Leaf's Director of Digital Marketing, who has been heading up the Hempology marketing and branding, explained, "Securing these important wholesale orders shows that the Hempology CBD brand is attractive to retail stores who are excited to start carrying our products. These stores are only the beginning; Freedom Leaf will continue to expand our Hempology distribution throughout 2018."
Additionally, Freedom Leaf's wholly owned division, Leafceuticals, Inc. operates a NuAxon industrial CO2 supercritical extraction facility in North Las Vegas. The Leafceuticals extraction facility is operating under the guidelines of the Nevada Department of Agriculture Industrial Hemp pilot project to extract Cannabidiol (CBD) and other valuable components of hemp grown locally in Pahrump, NV. The project has produced 12 kilos to date, with a market value over $200,000 in gross revenue. This process can be replicated on a monthly basis. The company intends to meet all of its (CBD) needs for production of the Hempology product line.
In March, Freedom Leaf co-founders Richard Cowan and Clifford J. Perry are attending Spannabis, the huge Cannabis expo in Barcelona, and meeting with partners and other potential acquisitions for Freedom Leaf Europe, our European subsidiary.
Cowan explained, "Our potential growth in Europe and Latin America is at least as great as in the US."
About Freedom Leaf
Freedom Leaf, Inc., The Marijuana Legalization Company(TM), is a fully-reporting and audited, publicly-traded company trading under the symbol (OTCQB: FRLF). 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 incubation/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 owns LaMarihuana.com, the world's leading Spanish digital publication focused on these industries, and Marihuana-Medicinal.com.
Freedom Leaf, Inc. does not handle, grow, sell, or disperse marijuana or related products in the United States.
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.
Safe Harbor Statement
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.
Investor relations information can be found on the FreedomLeafInc.com company website.
Contact Information
CONTACT INFORMATION
Raymond Medeiros
PR and Business Development Director
Phone: 415-601-1974
ray@freedomleaf.com
Freedom Leaf, Inc.
3571 East Sunset Road
Las Vegas, Nevada 89120
> Dow Jones Newswires
February 22, 2018 06:30 ET (11:30 GMT)
6:30 AM ET 2/22/18 | GlobeNewswire
Freedom Leaf, Inc. Files 10Q, Now Focused On Revenue, International Growth and Profitability in 2018
Freedom Leaf Announces Hempology CBD Line Now Available In Multiple Retail Locations Across the Country
LAS VEGAS, NV , Feb. 22, 2018 (GLOBE NEWSWIRE) -- Freedom Leaf, Inc. (OTCQB: FRLF) today announced it has filed its 10Q for the Quarter Ended December 31, 2017.
Noted recently hired CFO Richard Groberg: "Given my insertion into the middle of the year-end process, the tax law changes, international acquisitions, the retirement of all convertible debt repayments and equity infusions before and after quarter end, that was quite the learning curve. I'm looking forward to now turning part of my attention to the numerous revenue-generating projects the Company has initiated."
"Thanks to the efforts of our new CFO and our team, we now expect to move quickly into a new phase of the Company's development as we continue to acquire and integrate additional revenue-producing companies, " said Cliff Perry, Freedom Leaf's President and CEO. Perry went on, "This 10Q is only a stepping stone to our goal to become debt free and move forward with our new revenue streams: Hempology and Leafceuticals."
Hempology is Freedom Leaf's exclusive line of Hemp CBD products, including CBD Herbal Vapors, Mint CBD Oil, and CBD Pet Treats. After two successful trade shows at the Tobacco Plus Expo and CHAMPS in Las Vegas, Freedom Leaf is announcing that its CBD product line will soon be available in retail locations in more than ten states across the country, including California, Nevada, Washington, Oregon, Texas, Michigan, Georgia, and Alaska.
Chris Thompson, Freedom Leaf's Director of Digital Marketing, who has been heading up the Hempology marketing and branding, explained, "Securing these important wholesale orders shows that the Hempology CBD brand is attractive to retail stores who are excited to start carrying our products. These stores are only the beginning; Freedom Leaf will continue to expand our Hempology distribution throughout 2018."
Additionally, Freedom Leaf's wholly owned division, Leafceuticals, Inc. operates a NuAxon industrial CO2 supercritical extraction facility in North Las Vegas. The Leafceuticals extraction facility is operating under the guidelines of the Nevada Department of Agriculture Industrial Hemp pilot project to extract Cannabidiol (CBD) and other valuable components of hemp grown locally in Pahrump, NV. The project has produced 12 kilos to date, with a market value over $200,000 in gross revenue. This process can be replicated on a monthly basis. The company intends to meet all of its (CBD) needs for production of the Hempology product line.
In March, Freedom Leaf co-founders Richard Cowan and Clifford J. Perry are attending Spannabis, the huge Cannabis expo in Barcelona, and meeting with partners and other potential acquisitions for Freedom Leaf Europe, our European subsidiary.
Cowan explained, "Our potential growth in Europe and Latin America is at least as great as in the US."
About Freedom Leaf
Freedom Leaf, Inc., The Marijuana Legalization Company(TM), is a fully-reporting and audited, publicly-traded company trading under the symbol (OTCQB: FRLF). 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 incubation/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 owns LaMarihuana.com, the world's leading Spanish digital publication focused on these industries, and Marihuana-Medicinal.com.
Freedom Leaf, Inc. does not handle, grow, sell, or disperse marijuana or related products in the United States.
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.
Safe Harbor Statement
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.
Investor relations information can be found on the FreedomLeafInc.com company website.
Contact Information
CONTACT INFORMATION
Raymond Medeiros
PR and Business Development Director
Phone: 415-601-1974
ray@freedomleaf.com
Freedom Leaf, Inc.
3571 East Sunset Road
Las Vegas, Nevada 89120
> Dow Jones Newswires
February 22, 2018 06:30 ET (11:30 GMT)
$MJ
