$FRLF LAS VEGAS, NV, Nov. 13, 2018 (GLOBE NEWSWIRE
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Posted On: 11/14/2018 11:23:54 AM
$FRLF LAS VEGAS, NV, Nov. 13, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE –
Freedom Leaf Inc. (OTCQB: FRLF), parent company of leading CBD health & wellness brands Leafceuticals, IrieCBD and Hempology, announced that it has entered into an LOI to acquire Hemp2o, a brand of hemp-infused beverages cofounded by San Francisco cannabis entrepreneur and rapper Gilbert Milam Jr., better known by his stage name Berner.
Hemp2o, which offers eight flavors of organic hemp-infused beverages including top selling flavors “Sunset Sherbert”, “Strawberry Watermelon”, and “Blueberry Apricot”, expects to generate over $2.0 million of revenue in calendar 2018.
Its beverages are currently sold by national retailers including selected Whole Foods on the W. Coast, 700 Safeway/Albertsons on the W. Coast and in the S. West, selected Target locations in Los Angeles and San Francisco as well as on Amazon.com.
The transaction, which involves a combination of both cash and Freedom Leaf stock, is expected to close in December.
Freedom Leaf Inc. (OTCQB: FRLF), parent company of leading CBD health & wellness brands Leafceuticals, IrieCBD and Hempology, announced that it has entered into an LOI to acquire Hemp2o, a brand of hemp-infused beverages cofounded by San Francisco cannabis entrepreneur and rapper Gilbert Milam Jr., better known by his stage name Berner.
Hemp2o, which offers eight flavors of organic hemp-infused beverages including top selling flavors “Sunset Sherbert”, “Strawberry Watermelon”, and “Blueberry Apricot”, expects to generate over $2.0 million of revenue in calendar 2018.
Its beverages are currently sold by national retailers including selected Whole Foods on the W. Coast, 700 Safeway/Albertsons on the W. Coast and in the S. West, selected Target locations in Los Angeles and San Francisco as well as on Amazon.com.
The transaction, which involves a combination of both cash and Freedom Leaf stock, is expected to close in December.
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