LAS VEGAS, NV, Nov. 14, 2017 (GLOBE NEWSWIRE) -- Player’s Network, Inc. (OTCQB:PNTV), a publicly traded diversified holding company operating in media and marijuana, announced today a strategic partnership and Development Agreement with NightFood Holding, Inc. (OTC: NGTF) to develop a CBD infused line of nighttime snacks.
NightFood is a category leading, sleep-friendly, functional-food and better-for-you snack company, which is fully reporting and publicly traded. Yesterday, NightFood announced the engagement of Marijuana Accelerator’s Managing Director Jeffrey Robinson as a consultant to advise the company on the creation of an edibles line of cannabidiol (also known as CBD) infused products which would enter the cannabis marketplace under a new brand name, yet to be established. Marijuana Accelerator is a Division of PNTV currently working on unique, scalable projects which utilize technology to better serve the marijuana industry.
Green Leaf Farms Holdings (Green Leaf), a subsidiary of PNTV, is working with Mr. Robinson and NightFood to start developing a line of CBD-infused nighttime edibles. Green Leaf will be responsible for the cultivation and extraction of the CBD oils to infuse into the new line of products, which would be formulated to support and promote better sleep. Green Leaf will ensure NightFood is fully compliant with all Nevada Cannabis rules and regulations including, but not limited to; labeling and recipes. In addition, Green Leaf will provide all sales and distribution to dispensaries throughout the State.
Marijuana Accelerator will provide general consulting services to NightFood under the direction of Mr. Robinson. The primary focus will be creating partnership opportunities, increase distribution of existing non-cannabis products and distribution of new cannabis products nationwide.
WeedTV.com, a wholly owned subsidiary of PNTV, will assist NightFood in marketing their new cannabis and existing non-cannabis products to their audience. WeedTV.com will develop a NightFood channel and will assist with professional video production services and build an audience. The video content will be displayed throughout the WeedTV.com network via cross promotion with related products and services.
NightFood has created a unique coupon code for PNTV’s shareholders to try their product. Please visit www.nightfood.com and enter the coupon code PNTV to receive 30% off their current line of NightFood nutrition bars. This is a non-cannabis, non-CBD product, which is formulated as a better, healthier, sleep-friendly line of nighttime snacks to be eaten when cravings (or munchies) inevitably surface at night.
“NightFood is the first example of how a company can benefit tremendously from the entire business model of PNTV and how the accelerator acts as a catalyst in finding hidden gems,” says Brett H. Pojunis, member of PNTV’s Board of Directors and Co-Managing Director of Marijuana Accelerator. Pojunis continued “NightFood’s business model begs the question, why hasn’t anyone successfully done this yet? Sean Folkson (CEO of NightFood) is first to the nighttime nutrition market with a real solution, and we are thrilled to be along for the ride while we address this multi Billion dollar problem!”
“One of my lifes passions is connecting smart people and amazing projects,” says Jeff Robinson, Co-Managing Director of Marijuana Accelerator. Robinson continued, “NightFood is a perfect example of an amazing project that simply needed to be connected with the right people.“
“The reason we brought Jeff on board was to accelerate and streamline our path to market. Through this relationship, we believe we can implement a plug-and-play approach. Product development, regulatory, and marketing challenges can all be handled by a team that already has a world of experience in the space,” says Sean Folkson, CEO of NightFood. Folkson continued, “The NightFood branding, formulations, and consumer targeting and messaging will remain unchanged. And, in a short period of time, Robinson, Pojunis and I have been able to put together a roadmap to enter into the CBD edibles market hopefully creating tremendous shareholder value for NGTF.”
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About Player’s Network (PNTV)
Player’s Network is a diversified company operating in media and cannabis markets. PNTV owns approximately 89% of Green Leaf Farms Holdings, LLC (Green Leaf Farms), which holds cultivation and production license(s) awarded by the state of Nevada. The cultivation license enables Green Leaf Farms to grow marijuana and the production license enables them to create extracts which are used for cartridges, oils and edibles. WeedTV.com is developing the ultimate resource for the marijuana lifestyle within our media operations.
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About NightFood:
NightFood (OTC: NGTF), "The Nighttime Snack Company", is a snack food company dedicated to providing consumers delicious, better-for-you, sleep-friendly choices for evening snacking. According to IRI Worldwide, 44% of snack consumption occurs at night, representing a consumer spend of over $1B weekly on nighttime snacks.
Currently, consumer's most popular choices are cookies, chips, ice cream, and candy. These options are generally understood to be unhealthy, and often contain ingredients and nutritional profiles that can impair sleep quality. NightFood creates, manufactures, and distributes snacks formulated to help consumers satisfy nighttime cravings in a better, healthier, more sleep friendly way.
For more information, visit http://ir.nightfood.com and www.nightfood.com
Questions can be directed to investors@nightfood.com.
About Green Leaf Farms Holding, LLC
Green Leaf Holdings, LLC (Green Leaf Farms) produces medical and recreational cannabis products. Green Leaf is located in North Las Vegas, Nevada on 2.3 acres in a state-of-the-art 27,000 sq. ft. facility. They have a seasoned team of professional growers and operators to manage the facility with proven best practices to ensure they have the highest quality products available.
About Marijuana Accelerator
Marijuana Accelerator is an ecosystem for the marijuana industry designed to connect entrepreneurs and investors to our network and develop partnerships. Marijuana Accelerator’s mission is to “identify and develop ventures in the marijuana industry.” Marijuana Accelerator is used to identify ventures focused on seed to sale solutions and new technology.
For more information please visit www.MarijuanaAccelerator.com
About WeedTV.com
WeedTV.com is a niche social network and lifestyle channel destination for the marijuana industry. WeedTV.com is launching the "go-to" source for information, entertainment, products and services for people who relate to the marijuana lifestyle and an active social community.
Please visit www.WeedTV.com to join our community.
Forward-Looking Statements
This release contains 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Source: Uptick Newswire