OTC/PINK Breaking Material Events

[la_trader]

#FRLF -->Tierra acquisition PR..Exciting! $2.8m est revs added!!

Quote:
LAS VEGAS, Aug. 01, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE—Freedom Leaf, Inc. (OTCQB:FRLF), a Company dedicated to health and wellness products derived from legal Hemp and comprised of a group of diversified, international, vertically-integrated hemp businesses and cannabis media companies, is pleased to announce that it has consummated a 100% acquisition of Tierra Science Global, LLC, a company specializing in health supplements supporting peak bio-energy levels in humans which are currently distributed via highly motivated direct sales teams and well established affiliate programs in Europe, Asia and the United States.

Tierra Science Global (“Tierra”) is led by founding managers, Mark Rolando Rosales and Marc Viterillo. Rosales has over 25 years of success in direct sales and network marketing, while Viterillo is a software development expert with extensive experience in online sales.

Tierra has already achieved in excess of $500,000 in revenues from January to June of 2018 with its existing product line, which include premium supplements focused on increase of mental stamina, athletic performance and protection from harmful effects of Electromagnetic fields produced by cell phones, laptops, gaming consoles and other devices.

Freedom Leaf will take the brand and potential revenues one significant step further by manufacturing a number of unique Full Spectrum Hemp/CBD oil products including two skin serums by renown Beverly Hills Anti-Aging Practitioner, Dr. Naina Sachdev (NAINAMD), who most recently served as the Ambassador for Procter & Gamble Olay's Regenerist skincare line internationally is also ABAARM certified Medical Director at NAINAMD™ Anti-Aging & Regenerative Clinic in Beverly Hills, CA and affiliate clinics with her current international client base from Beverly Hills to Dubai.

Manufacturing will be done by Freedom Leaf’s wholly-owned subsidiary, IRIE CBD Medicinals and will include the launch of an assertive affiliate marketing campaign to market and distribute Tierra branded products such as pain cream, calming tinctures, honey sticks and more to meet ever increasing demand for these products worldwide. According to Forbes, the CBD market will grow to $2.1 billion by 2020, an astronomical jump from last year’s CBD market of $202 million. Matt Karnes of Greenwave Advisors is even more optimistic about the growth of the CBD market saying, “In terms of the CBD market size, I estimate an almost $3 billion market by 2021. Right now there are 15 states that allow CBD only -- this is in addition to the 28 states plus DC that have legalized medical marijuana.”

Freedom Leaf CEO, Cliff Perry is confident that Tierra will achieve new revenue highs expeditiously toward additional profits and increase in shareholder value. “The affiliate model we are deploying for Tierra is expected to yield 150 product packages per week at an average price of $400 each, yielding $240,000 per month in revenues with a 24% net profit. This would equate to $57,600 in profits from the affiliate model alone with conservative estimates for $2.88 million in yearly revenues,” states Perry.

More to come on this exciting venture from Freedom Leaf execs in the coming days, including details on Tierra’s official pre-launch of the affiliate program to be accompanied by live worldwide broadcasts via Zoom on August 11th and 12th 2018