LAS VEGAS, NV, Dec. 05, 2017 (GLOBE NEWSWIRE) -- Freedom Leaf, Inc. (OTCQB: FRLF), The Marijuana Legalization Company®, a group of diversified, international, vertically-integrated Cannabis/Hemp businesses and Media companies, announced that it has entered into a purchase agreement for organically grown hemp that will allow it to legally extract Industrial Hemp in the State of Nevada under NV SB396 and the 2014 US Farm Bill.
Leafceuticals, Inc., a wholly owned division of FRLF has entered into an initial purchase agreement with hemp producer Harris Farms, Ltd, of Pahrump, NV to fully extract the broad spectrum of phytocannabinoids (CBD), terpenes and other valuable byproducts from 600 pounds of nurtured Hemp flower that has been grown under the NV Department of Agricultures Industrial Hemp Pilot project.
Freedom Leaf CEO and co-founder, Clifford J. Perry, explained, “Leafceuticals is also applying for its own license that will allow it to process hemp from other states approved under the 2014 US Farm Bill which are currently major producers of industrial Hemp. Freedom Leaf is the exclusive global NuAxon distributor for the cannabis and hemp industry. Leafceuticals will be using the NuAxon Supercritical CO2 extraction equipment that was demonstrated to over fifty perspective purchasers at the recent MJBIZCON Expo in Las Vegas.
“The success of this joint venture is expected to produce significant income for 2018 and enable Freedom Leaf, Inc. to build out a multi million dollar facility in conjunction with Reliable Steel. The company is proud to announce it will be working with Tim Puetz, the founder of Reliable Steel, Inc., builders and fabricators of some of Las Vegas’s most famous hotels, the Cleveland Clinic Lou Ruvo Center for Brain Health, designed by the world-renowned architect Frank Gehry, and landmark attractions like the Big Shot atop the Stratosphere Hotel and the NY NY Roller coaster. Mr Puetz has been an innovator in product research and development for a host of Fortune 500 companies.”
Hempology®, Freedom Leaf’s exclusively branded product line, is now vertically integrated from seed to consumer, processing not only CBD but also a full spectrum of whole-hemp extracts for the entourage-effect. Freedom Leaf will also be producing specific “Rare Cannabinoids” that it will cultivate in its own green houses, Green Market Europe in Elche, Spain, and next year in Freedom Leaf’s own grow facilities in Nevada, built in partnership with Reliable Steel.
Freedom Leaf’s wholly-owned media companies, including Freedom Leaf publications, online and in print, remain a major part of it’s branding, marketing and deal flow development programs.
LaMarihuana.com, the world’s leading Spanish language website, and Marihuana-Medicinal.com, the world’s leading Spanish language medical cannabis site will play a major role in marketing the company’s products to the more than half-a-billion Spanish speaking potential customers as medical marijuana is recognized around the world, and the legalization of recreational marijuana.
Freedom Leaf also remains committed to the highest standards of Product Quality, Corporate Governance and Consumer Equitability.
MEDIA: BRANDING
FreedomLeaf.com/ Mag & Online
MarijuanaNews.com
LaMarijuana.com
About Freedom Leaf
Freedom Leaf, Inc., The Marijuana Legalization Company®, 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 marijuana, and industrial hemp industry. It is involved in mergers and acquisitions and business consulting in the marijuana industry, including incubation/acceleration and spin offs of new marijuana/hemp related companies.
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, blogs and web advertising, for the ever-changing emerging cannabis, medical marijuana and industrial hemp industry.
Freedom Leaf, Inc. does not handle, grow, sell, or dispense marijuana. All of our European activities are in full compliance with relevant EU laws.
Corporate Website and Investor Relations www.FreedomLeafInc.com
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, including any financial projections above, generally can be identified by phrases such as Freedom Leaf, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" "projections" 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, 2017 and quarterly reports on Form 10-Q.