LAS VEGAS, Aug. 27, 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, announced today they have achieved record sales of over $2.1 million since the recent acquisition of Green Leaf Farms Salinas Valley. They are hosting a live online webinar to discuss the Company's revenue and acquisition strategy at 4:20 p.m. PDT (7:20 P.M. Eastern) on Wednesday, August 29th, 2018. Online attendees are limited to the first 100 people who RSVP.
The purpose of this announcement is to provide an update to the Company's Shareholders and the investment community with regards to their recent and substantial increase in sales (unaudited). Additionally, the Company has filed an extension for their quarterly report while they implement the necessary compliance controls including but not limited to; books and records and standard operating procedures as they transition the acquisition from a private business to a wholly owned subsidiary of PNTV.
The Company has been in development stage until they recently completed an acquisition of a 56,000sq.ft. existing grow operation in Salinas Valley that accounted for the majority of the revenue growth.
Online Webinar to Update Shareholders
The Company will hold a webinar to discuss the Green Leaf Farms Salinas Valley revenues and their growth by acquisition strategy at 4:20 P.M. Pacific (7:20 P.M. EDT) on Wednesday, August 29th, 2018. Mark Bradley, Chief Executive Officer and Brett H. Pojunis, Director, will provide an update to shareholders and perspective shareholders.
Shareholders, Analysts, and future investors are invited to participate in the webinar. The webinar will be open on a listen/view only basis to all interested parties. Questions may be submitted prior to the webinar on https://playersnetwork.com/questions.
RSVP and Registration
Space is limited to the first 100 people, please register using the link below:
https://register.gotowebinar.com/register/1846217854982145282
The webinar will be recorded and available the following day on PNTV’s Newsroom under Shareholder Updates, located at:
https://playersnetwork.com/shareholder-updates
Mark Bradley, Chief Executive Officer of PNTV, commented on the revenues, “Our growth by acquisition strategy coupled with the explosive growth of the cannabis industry has positioned PNTV for rapid growth. I am focused on identifying additional acquisitions and raising capital with favorable terms to further our growth.”
Brett H. Pojunis, PNTV Director stated, “Now that PNTV has achieved revenues in excess of $1 million per month, this solidifies our proof of concept and paves the way forward for growth by acquisition, joint ventures and new market opportunities.”
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About Player’s Network (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 generating over $1,000,000 a month in sales. 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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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: 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 Contacts:
1771 East Flamingo Road
#201-A
Las Vegas, NV 89119
(702) 734-3457
https://playersnetwork.com/
ir@playersnetwork.com
Investor Inquiries:
David Klepinger, Investor Relations Manager
Email: dklepinger@playersnetwork.com
Office: 702.840.3283
Interview Requests & Media Inquiries:
Brett H. Pojunis, Director
Email: bpojunis@playersnetwork.com
Office: 702.840.3272