Players Network Inc. (fka PNTV)

[lesgetrich]

The Jujuy deal is real. From the PNTV PR...

Green Leaf Farms and The Argentine Province of Jujuy Announce a Joint Venture to Develop The Largest Cannabis Farm in The World Press Release | 11/12/2018

LAS VEGAS, NV / ACCESSWIRE / November 12, 2018 / Player's Network, Inc. (OTCQB: PNTV), a rapidly growing company in the adult use and medical marijuana industry and the Argentine province of Jujuy jointly announce the signing of a binding Memorandum of Understanding. Under its terms the joint venture has begun developing the Argentinean cannabis market.

From Investopedia...

What is the difference between a letter of intent and a memorandum of understanding?

A letter of intent is likely to encompass a number of different aspects, and it varies in length according to the level of specificity and the type of transaction. All letters of intent lay out the basics of a deal, including cost, time frame and contingencies. Like a letter of intent, a memorandum of understanding outlines an agreement between two or more parties and is usually produced before a final, formal contract. The primary difference between the two is that a letter of intent is not binding, whereas a memorandum of understanding is considered binding and carries weight in a court of law...

...What Is a Memorandum of Understanding?
A memorandum of understanding is an agreement between two or more parties outlining the terms and details of an understanding, including each party's requirements and responsibilities. It is often the first stage in the formation of a formal contract and does not involve the exchange of money.

Letter of Intent Versus Memorandum of Understanding
A letter of intent or memorandum of understanding may serve a number of purposes. Such a document is likely to identify any terms that need to reach resolution before completing the deal. The document also usually addresses the time frames and deadlines for the transaction, the price, and the method of payment. Other aspects that may be included in the letter of intent or memorandum of understanding include warranties of marketable title, a list of total liabilities and total assets, and operating condition of all equipment and machinery at the time of purchase.

Now whether they successfully execute is a separate question. The main issue here, as I see it, is that it will take at least six months before we see their first harvest and are able to judge the results. In the meantime, I'm sure the folks on this board will be complaining every day about a lack of news. SMHL