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DALLAS, Nov. 18, 2019 (GLOBE NEWSWIRE) -- Freedom Leaf, Inc. (“Freedom Leaf” or the “Company”) (OTCQB: FRLF), a first in class hemp consumer packaged goods company that recently acquired Green Lotus™ to build its position as a leading provider of natural cannabinoid-rich hemp products, announced today that it closed a $5 million convertible note financing led by an affiliate of Merida Capital. David Goldburg, Chairman of the Board, and Dave Vautrin, Independent Director, invested $125,000 and $67,000, respectively, in the convertible note financing. Proceeds from the financing will primarily support the Company’s production, marketing, and sales efforts as it continues to build its position as a leading CBD and hemp company servicing the North American and Mexican markets.
The financing is in the form of a unit consisting of a three-year senior unsecured note accruing interest at 8%, convertible at the holder’s option into the Company’s common stock at $.20 per share, and a three-year warrant to acquire shares of the Company’s common stock. A portion of the proceeds in the financing represent the cancellation of existing promissory notes held by affiliates of Merida Capital. For additional details, please reference the Form 8-K to be filed with the U.S. Securities and Exchange Commission.
Carlos Frias, CEO and Board Member of Freedom Leaf, commented: “This financing will give the Company the necessary capital to fulfill a robust pipeline of new orders from our distribution partner in Mexico, CBD Life SA; Greenlane Holdings, a leading distributor of cannabis and CBD products in the U.S.; and several other leading regional and national retailers who are increasingly looking to meet consumer demand with today’s highest quality CBD and hemp products.”
David Goldburg, Chairman of the Board of Freedom Leaf, added: “The acquisition of Green Lotus has positioned the Company to become a leading consumer packaged goods CBD and hemp player in North America. The conversion price of the convertible note, which is at a substantial premium to the current market price, reflects the high level of confidence Merida has in the ability of the Company to execute on its business plan.”
Freedom Leaf acquired Green Lotus™ on May 31, 2019, immediately enabling the launch of a more robust product line focused on leading CBD and hemp products, enhanced distribution capabilities and penetration into high-growth emerging markets worldwide.
Nice job Patrick! Keep up the good work!!! $ACCR$
Nice!! $ACCR$
VPR Brands, LP. (Form: 10-Q, Received: 11/12/2019 16:08:46) $vprb https://t.co/UOr1BPaM6L
— kevin frija (@kevin_frija) November 13, 2019
Nice!!! $ACCR$
Way to go Patrick!!! $ACCR$
Holy Sh¡t!! Boom!!!! $ACCR$
+118.75% $ACCR$
Keep it up Patrick!! You're doing great!!! $ACCR$
CBDNewsBreaks – $GRYN Employs Efficient Farming Methodology to Address Scalability Challenges https://t.co/obi2NuoylE pic.twitter.com/29qvpnqkO0
— Green Hygienics Holdings Inc. (@GRYNbuzz) November 8, 2019
Access-Power, Inc. announces it is in the final stages of receiving $50,000.00 in funds for its working capital account
GRAND HAVEN, Mich., Nov. 08, 2019 (GLOBE NEWSWIRE) -- Access-Power, Inc., (“ACCR or the Company”), a Grand Haven based medical marijuana clone corporation is pleased to announce today, we are in the final stages of receiving a donation in the amount of $50,000.00 towards our working capital account. The funds will be received as a personal donation by its Director and CEO, Patrick J. Jensen very soon. ACCR intends to use the funds to establish a working capital fund, repurchase of treasury shares in the open market over time, and to implement its new business plan.
Patrick J. Jensen commented, “We are extremely fortunate as a Company to have received a commitment to fund our Working Capital account. The funds will be accounted for by our new Master Tax Advisor, Melody Cryderman. These funds will allow ACCR to implement and plan the development of West Michigan’s premier medical marijuana cloning operations.” In addition to funds for working capital, the Company also expects to repurchase its common shares in the open market over time.
There was a butt load of 911 trades..... Hmmmm MM's or just commission free trades...????? $CAVR$
Boom!!! $RBNW$
Keep up the good work Patrick! You are doing great!!!! $ACCR$
I agree! $DMAN$
Nice!! $MIKP$
End of the day ASK smacks like crazy!
$ILAL$
Boom! $ILAL$
8.7mil BID @ 0032 $EMBR$
SAN DIEGO, CALIFORNIA, Nov. 07, 2019 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (ILAL) today announced it has closed on a preferred stock placement for $500,000 with CleanSpark, Inc. (CLSK). This strategic investment includes a 10-year exclusive agreement that calls for CleanSpark to provide its microgrid Value Stream Optimizer (mVSO) software services to support system design and engineering as well as integrating CleanSpark’s mPULSE software into the final systems on all future energy projects across the ILAL portfolio of properties.
The Company intends to use the net proceeds from this preferred stock placement for two initial energy projects and the construction of two model homes at its new Costa Bajamar Oasis development, as well as sales and marketing. Site preparation began last week at Costa Bajamar and upon completion will be comprised of 34 units on approximately one acre. Costa Bajamar is located at the Bajamar Ocean Front Golf Resort, a master planned golf community located 45 minutes south of the San Diego-Tijuana Border along the scenic toll road to Ensenada. For more information about Costa Bajamar Oasis and to follow the construction progress, please visit: www.ila.company/costa-bajamar
International Land Alliance $ILAL Announces Strategic Financing https://t.co/GqZq2KLyiK #realestateinvesting #realestate #newbusiness #proptech #energysolutions #sandiego #BajaCalifornia
— InternationalLand (@ilandalliance) November 7, 2019
3mil BID @ 0032 $EMBR$
Boom Boom time??? $EMBR$
+42% $ACCR$
Nice!! WTG Patrick! $ACCR$