Freedom Leaf, Inc. (OTCQB:FRLF) Is Eliminating Its Toxic Convertible Securities; Management Focused on Generating Multiple Revenue Streams in 2018
Freedom Leaf, Inc. does not handle, grow, sell, or dispense marijuana; our European activities are in full compliance with relevant EU laws
LAS VEGAS, NV, Jan. 04, 2018 (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 yesterday the continuation of retiring outstanding convertible debt. On December 15, 2017, a convertible note of $38,000 was retired through a payment made to the lender. Currently, Freedom Leaf, Inc. has 3 other convertible notes on our books that we intend to retire prior to their 6-month anniversaries just as we did with the aforementioned convertible note.
Clifford Perry, CEO, stated, “We are committed to a program of enhancing shareholder value by focusing on generating revenue with our merchandising projects derived from our wholly owned subsidiary Leafceuticals, Inc, and eliminating toxic convertible securities that could dilute shareholder value. Currently, our Hempology products, Vapes, CBD Oil and CBD Dog Treats are available at MyHempology.com Also in conjunction with Reliable Steel and Harris Farms, Ltd, a licensed Nevada Hemp grower, Leafceuticals, Inc is using the NuAxon Supercritical CO2 Extractor to process the hemp flower and we plan on using the extracted oil in our product line, as well as selling CBD Oil to manufacturers.”
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: http://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.
CONTACT INFORMATION: Raymond Medeiros PR and Business Development Director Phone: 415-601-1974 Ray@FreedomLeaf.com Freedom Leaf, Inc. 3571 East Sunset Road Las Vegas, Nevada 89120