Freedom Leaf, Inc. (OTCQB: FRLF) is engaged as a diversified cannabis media and technology company. Shares of the diversified cannabis company are surging 40.97%, through early trading on Wednesday, February 14, 2018. Over the past month, Freedom Leaf, Inc. has seen average daily volume of 3.49 million shares. However, volume of 3.96 million shares or dollar volume of $1.23 million, has already exchanged hands through early trading on Wednesday.
Shares of Freedom Leaf, Inc. are rallying today, after the company announced that it has completed paying off the last of its convertible debt, as management focuses on building up the financial strength of the business. The company has completed several acquisitions, including mergers with LaMarihuana.com, Marijuana-Medicinal.com, Spannabis.com, Green Market Europe S.L., and more. The company continues to expand its product offerings and operational abilities now that convertible debt is less of an issue. Here is the full press release detailing of the convertible debt payoff:
Freedom Leaf, Inc. Press Release:
LAS VEGAS, NV, Feb. 13, 2018 (GLOBE NEWSWIRE) — Freedom Leaf, Inc. (OTCQB: FRLF), “Freedom Leaf ®”, The Marijuana Legalization Company ®, a group of diversified, international, vertically-integrated Cannabis/Hemp businesses and media companies, announced that it has retired the last of its high-interest convertible debt.
Clifford J. Perry, Freedom Leaf CEO and Co-Founder, explained, “Building a solid company foundation for the long haul is an expensive and complicated process, but we are very happy to report that we are moving on to the next phase as a much stronger company. By concentrating strictly on revenue-producing projects like the www.MyHempology.com CBD product line and www.LeafceuticalsInc.com extractions, we are building shareholder value each and every day.”
In addition to direct revenue-based projects, FRLF is actively involved in mergers and acquisitions to achieve maximum revenue and profit for the company in the cannabis/hemp industry, including acceleration and spin-offs of new cannabis/hemp-related companies.
Freedom Leaf recently completed the 100% acquisition of Green Market Europe S.L., an important Spanish hemp producer specializing in quality organically grown hemp for flower, seeds, and CBD extracts. Utilizing these resources, Freedom Leaf has entered the international market for rare cannabinoid production from hemp, including CBD, CBC, CBG, and CBN.
Freedom Leaf has also acquired www.LaMarihuana.com, a leading cannabis portal for the worldwide Spanish-speaking community with 1.2 million Facebook likes and approximately 1.7 million monthly visitors. As part of the acquisition Freedom Leaf also acquired www.Marihuana-Medicinal.com, which is one of the most informative Medical Cannabis information websites in Spanish with over 122,000 page visits a month.
Freedom Leaf executives will be attending the www.Spannabis.com trade show next month in Barcelona on March 9th, 10, and 11th to focus on building its European businesses. While in Spain, CEO Cliff Perry will be meeting with Freedom Leaf’s wholly owned divisions, including local management of Green Market Europe S.L. in Elche and www.LaMarihuana.com in Valencia, Spain. A strong focus by management with these two newly acquired companies should contribute to meaningful sales volume and expansion for Freedom Leaf, Inc.
Domestically, Leafceuticals Inc, a wholly owned division of Freedom Leaf, is operating a www.NuAxonTech.com supercritical CO2 extractor at our facility for Hemp Flower in Las Vegas. After the Cannabinoid extraction process, the concentrated product is then further processed to create Full Spectrum CBD Oil. Leafceuticals, Inc is in discussions with private label formulators to sell its Full-Spectrum CBD oil distillate production for use in cosmetics, topical wellness creams, breathable vapors, and other nutraceutical CBD products. Leafceuticals has also launched its own e-commerce site with CBD products online, www.myhempology.com. As stated on Forbes, “The Hemp Business Journal estimated that the CBD market will grow to a $2.1 billion market in consumer sales by 2020.” See: The Cannabis Market That Could Grow 700% By 2020.
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), a group of diversified, international, vertically-integrated Cannabis/Hemp/CBD businesses and media companies
Freedom Leaf, Inc. is a leading, go-to resource in the cannabis, medical and recreational marijuana, CBD and industrial hemp industries. It is involved in mergers and acquisitions in these industries, including acceleration and spin offs of new companies involved in those industries.
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, and web advertising, for the ever changing emerging cannabis, medical marijuana and industrial hemp industry. The Company also controls www.LaMarihuana.com, the world’s leading Spanish publication focused on these industries.
Freedom Leaf, Inc. does not handle, grow, sell, or dispense marijuana or related products.
All of our European activities are in full compliance with relevant EU laws.
Investor relations information can be found on the www.FreedomLeafInc.com company website.
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 generally can be identified by phrases such as Freedom Leaf, Inc. or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” 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, 2016 and quarterly reports on Form 10-Q.