PNTV to capitalize on the growth of the CBD market whose sales are expected to exceed $22 Billion by 2022 according to Forbes Magazine.
LAS VEGAS, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Player’s Network, Inc. (OTCQB: PNTV), a rapidly growing company in the recreational and medical marijuana industry with licensed grow operations in 2 states and MJ Venture Partners, Inc. (OTC: MJVP), a start-up company established to identify and develop ventures in the marijuana and cannabidiol CBD industries are pleased to announce a strategic partnership to develop and market non-psychoactive Cannabidiol (CBD) based products and their consumer facing ecommerce website GreenLeafPURE.com.
PNTV has been working with MJVP for several months to enable PNTV to effectively enter the CBD market. MJVP is providing traditional and digital marketing services, social media marketing, website development and ecommerce services, product distribution, and industry expertise. MJVP initially launched PNTV’s CBD brand and product line, Green Leaf PURE, as well as developed their ecommerce website, GreenLeafPURE.com. MJVP has also established an online affiliate program to drive sales from internet-based influencers and affiliates.
MJVP strategically positioned the Green Leaf PURE brand to include the highest quality CBD, strongest dosage as well as superior ingredients in their formulations. All CBD brands and/or products created by MJVP will be tested to ensure the safety and highest quality CBD. The initial line of products are now available for purchase on their website, GreenLeafPURE.com.
Currently, the market for CBD is on track to generate more than $600 Million in 2018. Forbes reported that CBD sales will reach over $1 Billion by 2020 and is expected to exceed $22 Billion by 2022.
PNTV is well positioned with its existing licensed cannabis holdings to expand into the less regulated, less restrictive and rapidly growing CBD industry. The Company is further diversifying its holdings and expanding the business to international consumers. PNTV can now sell CBD products and expand its customer base throughout the United States. Many consumers want the health benefits of using CBD regularly without the psychoactive effects of THC and/or the fear of failing a cannabis drug test.
Brett H. Pojunis, CEO of MJVP, said, “We feel CBD has the same type of explosive potential that we have experienced with cannabis and expected sales to exceed $22 Billion by 2022!” Pojunis continued, “Our goal with Green Leaf PURE was to launch with a limited number of high-quality CBD products that consumers are familiar with and commonly used and then add new products, brands and lines as new vertical markets develop.”
Mark Bradley, CEO of PNTV, states, “While PNTV’s subsidiary, Green Leaf Farms, remains focused on expanding its licensed legal Cannabis business, entering the CBD marketplace is a natural extension and very timely to capitalize on the expected growth of the industry while allowing us to further diversify our operations.”
Discounts for Shareholders and subscribers to the PNTV Investor Portal
For a limited time (30 days) interested parties can sign up for generous discounts and exclusive offers for Green Leaf PURE products on PNTV’s Investor Portal (http://playersnetwork.com/ir). Members and Shareholders will benefit from ongoing specials and will be the first to know about Green Leaf Farm’s new CBD products as well as promotional codes.
About Player’s Network, Inc. (PNTV)
Player’s Network is a rapidly growing company in the marijuana industry with licensed grow operations in Las Vegas and California that trades on the OTC Market – stock symbol PNTV. Over the last 12 months, the Company has gone from a development stage company to a fully operational cannabis business. Their business strategy is growth by acquisitions, joint ventures, and new market opportunities. They recently entered into $5,000,000 acquisition of a California grow operation.
Cannabis is legal for medical use in 30 States plus DC. It is legal for adult recreational use in 9 States plus DC. The entire country of Canada has legalized marijuana adult use starting on October 17, 2018. The Company believes this trend of legalizing marijuana will continue and create tremendous growth opportunities for their shareholders.
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About MJ Venture Partners, Inc. (MJVP)
MJ Venture Partners, Inc., stock symbol: MJVP, is a start-up company established to identify and develop ventures in the marijuana and cannabidiol CBD industries. Although currently operating in stealth mode, the primary business model is a “growth by acquisition” strategy focused on acquiring revenue producing businesses. In addition, MJVP intends on developing its own brands to include venture investments and fully operational marijuana and CBD businesses.
With a focus on technology, MJVP is building an ecosystem for the marijuana industry designed to accelerate projects and partnerships.
For more information please visit www.MJVP.com.
Information about Forward-Looking Statements
This press release contains “forward-looking statements” that include information relating to future events. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to: inability to gain or maintain licenses, reliance on unaudited statements, the Company’s need for additional funding, governmental regulation of the cannabis industry, the impact of competitive products and pricing, the demand for the Company’s products, and other risks that are detailed from time-to-time in the Company’s filings with the United States Securities and Exchange Commission. For a more detailed description of the risk factors and uncertainties affecting Players Network, please refer to the Company’s recent Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Player’s Network Investor Contact:
David Klepinger, Investor Relations Manager
Email: dklepinger@playersnetwork.com
Office: 702.840.3283
MJVP Investor Contacts:
Brett H. Pojunis
Email: ir@mjvp.com
General Number: 702.660.2365