Players Network Inc. (fka PNTV)

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PLayers Network enters California Market

LAS VEGAS, Feb. 05, 2018 (GLOBE NEWSWIRE) -- Players Network (OTCQB:PNTV), a diversified holding company operating in media and marijuana, announced today that Players Network and Green Leaf Farms Holdings, LLC (“Green Leaf”) entered into an agreement to create a Grass Roots Industrial Park (“GRIP”) to co-develop and co-owner a mixed use marijuana industrial project totaling 2,720,000 sq. ft., which we believe would be the largest in the world.

The deal gives PNTV the exclusive right to develop 400,000 sq. ft. of pre-approved light industrial agricultural space for marijuana cultivation and manufacturing facilities. We believe this would make the project the single largest grow facility in the state of California and the largest industrial park of its kind in the world.

The permitted project which is based in Desert Hot Springs, California is intended to be a complete marijuana destination including, but not limited to; sixty eight (68) marijuana cultivation and manufacturing facility units, each approximately forty thousand (40,000) sq. ft., plus an approximately 8-acre non-cannabis zone intended for a hotel, skybar, cannabis college, residential condos, commercial offices and convention space located along the i-10 freeway only 90 miles from Los Angeles.

Green Leaf, a subsidiary of PNTV will be assigned the marijuana cultivation and manufacturing contract per the terms of the agreement.

WeedTV.com, operating under a newly created wholly-owned subsidiary of PNTV, will have an on-site live production studio and media center to produce content and help market and promote all of the tenants within the Grass Roots Industrial Park.

The decision to move forward with the project is based largely on revenue capabilities of the dedicated marijuana cultivation space, the permitting approvals and private water well capacity which generates over 1,100 gallons per minute to drive the overall marijuana cultivation project.

Mark Bradley, CEO, states, “This is an amazing opportunity for Green Leaf to break into the largest marijuana market in the world at an amazing location!” Bradley adds, “Some of the major expenses associated with growing consist of electricity and water utilities. This location will be substantially more cost effective for both of these cost drivers, which will provide us with a competitive edge over other California cultivators.”

“GRIP is one of the most exciting projects in the marijuana space.” said PNTV Director Brett H. Pojunis. Pojunis continued “This acquisition should enable the Company to increase revenues significantly and could make Green Leaf one of the largest marijuana companies in the world.”

PNTV management will be broadcasting a live video on presentation at 1pm EST on Facebook and www.weedtv.com to discuss this release and show a preview of our project.

To learn more about this project, visit http://greenleaf-projects.com.


https://globenewswire.com/news-release/2018/02/05/1333112/0/en/Players-Network-Enters-California-Market-with-Deal-to-Develop-400-000-Square-Foot-Indoor-Marijuana-Facility.html