Cannabis Reform Is Occurring All Around the World Fueling the Rapidly Growing Global Marijuana Industry; Company Books $500K License Expansion
Jul 21, 2016, 08:52 ET
CORAL SPRINGS, FL, July 21, 2016 /CNW/ - Cannabis & Marijuana opportunities continue to trudge forward as one of the hottest sectors as nearly 20 countries have legalized the plant to some degree. Marijuana revenues forecasted to triple and even more as reform, legalization & decriminalization sweeps the globe while companies begin to reap financial benefits.
Freedom Leaf, Inc., (OTC: FRLF), the successful publishing and licensing company behind the legal cannabis industry, has quickly reached important revenue-driving milestones in Spain and The Netherlands in its international branding effort. Freedom Leaf, Inc. has drawn interest from overseas licensees seeking access to its brand, its editorial content, ability to put on events, along with premium products and services under its banner. "We're a magnet to attract mergers and acquisitions, incubation of new companies and spinoffs," said Cliff Perry, CEO of Freedom Leaf, Inc. "Our news, media, entertainment platforms and other properties raise awareness for investors and seed more potential deal flow"
Read the full Freedom Leaf (FRLF) Press Release at: http://financialnewsmedia.com/profiles/frlf.html
Both the Spain and Netherlands licensees have agreed to pay Freedom Leaf Inc. $250,000 each for the right to provide exclusive licensees for the use of the Freedom Leaf Brand and the right to publish Freedom Leaf Magazine in Spanish and Dutch and sell advertising abroad. The deals include public relations, business consulting, brand services, business development and incubation support for cannabis and hemp companies in the Netherlands and Spain. Both countries obtained rights to put on Freedom Leaf music festivals and educational seminars. The licensees in The Netherlands and Spain will also reach out to other potential partners across Europe.
Freedom Leaf's success in Europe comes after the launch of the Freedom Leaf Cup in April as a part of the Viña Grow Awards at the 21st annual Viña Rock 2016 Music Festival which was attended by 200,000 spectators, in the town of Villarrobledo in Albacete, Spain.
Freedom Leaf, Inc. is in talks to license its brand, products and services in three additional European countries. "The negotiations continue to be very positive," Perry said. "We're in discussions with additional companies in what promises to be a meaningful endeavor to speed our growth." The license will allow licensees to market and publish Freedom Leaf Magazine in their countries, while offering website advertising, products, business and consulting services, seminars, musical festivals and other branded products and services, while also undertaking Public Relations, Business Consulting, Branding Services, Business Development and Incubation for the Cannabis/Hemp companies in their territories.
In other industry news and happenings in the markets: Hemp, Inc. (OTC: HEMP) executives are pleased to update shareholders on the progress of the much-anticipated completion of the country's largest industrial hemp processing facility and milling operation. Hemp, Inc.'s decortication facility, spearheaded by its wholly owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM), is in the final stages of completion. "Industrial hemp is reclaiming its rightful place in America as demand for this environmentally friendly natural fiber continues to increase due to the economic benefits. Hemp, Inc. is strategically positioned at the forefront of this industry. We are definitely ahead of the curve in being able to process industrial hemp and manufacture products made from hemp," said David Schmitt, COO of IHM.
According to Schmitt, the hemp processing plant which will have assembled the industry-leading hemp processing machinery is expected to be officially completed soon with a skilled team of employees on deck. "This morning, we are positioning the milling machinery in its permanent location so that it can be secured into place. We also have meetings at the end of this week with the air handler manufacturer to ascertain when we can expect the machinery on-site. Once the air handler and dust collector are on-site, we're looking to hire specialized contractors to assist with securing all of the equipment in place, which should save us over 3 to 4 weeks in time. While I can't say the exact date of when the air handler and dust collector will be onsite, once it is here, my best guestimate would be 3 weeks for us to have both mills operational."
Once the milling machinery is operational, Hemp, Inc. will be able to produce their Lost Circulation Materials (LCMs) and other oil absorbent products. "Our 70,000 square foot commercial industrial hemp processing facility and milling operation, on 9 acres makes Hemp, Inc. the largest industrial hemp processor and manufacturer in America and with the addition of our milling facility to produce other hemp-based products, we have strategically expanded our worldwide industrial base," said Bruce Perlowin, CEO of Hemp
CannaGrow Holdings, Inc. (OTC: CGRW), a Liaison and Consultant providing turnkey solutions to licensed growers in the legal Cannabis industry, announced that along with the existence of over 1,500 plants comprising the initial Production Cycle there has been an addition of 130 plants comprising in excess of 12 strains.
Yesterday's cannabis/marijuana leaders experienced mixed results in trading:
Terra Tech Corp. (OTC: TRTC) (OTCQX: TRTC) closed down very slightly at $0.315 on over 1.2Million shares traded by the market close on Wednesday. TRTC operates through multiple subsidiary businesses, including: Blüm, IVXX Inc., Edible Gardens, MediFarm LLC and GrowOp Technology. Blüm's retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions
Medical Marijuana, Inc. (OTC: MJNA) close up slightly at $0.0405 on over 3.4Million shares traded by the market close on Wednesday. MJNA recently announced that Mexico's government has approved 22 additional import permits for Real Scientific Hemp Oil-X™ (RSHO-X™), expanding the Company's foothold into a market projected to eventually reach $10-12 billion annually.
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