GL Brands Inc. (fka GRLB)

[midas716]

I spoke to the Hemp2o rep when we were going to sell it. Hemp2o is in several brand name grocery stores and over 400 7-11's and that was about 8 months ago. No more excuses for this company. I have peeps looking into that harvest. If FRLF did not grow a harvest... I can guarantee you $hits going to hit the fan quick. Suits and the SEC.

What I heard about Hemp2o was brief but basically, they backed out of the deal. Given what I have seen of Hemp2o's real focus and social media charades, massive 420 parties, etc, IMO it is NOT polished enough of a brand for mainstream non-THC health and wellness markets.

Freedom Leaf Enters Discussions with Buyers for European Hemp Harvest; Details Strategic Advantages Toward Expedited Growth
Press Release | 07/18/2018
LAS VEGAS, July 18, 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 entered discussions with prospective buyers for its September 2018 hemp harvest. Contracts will require 20% or higher deposit with balance due upon delivery, estimated to be in mid-October 2018, after trimming and drying processes are complete.

CEO Cliff Perry comments, “In Europe, the flower commands a much higher price than it does here in the USA. Hemp cigarettes have been considered a healthy alternative to tobacco cigarettes and have been smoked there for a number of years. This and other uses of the hemp flower created a larger demand in Europe than the USA. The indoor quality hemp, such as that grown in our greenhouse facility, demands a price of upward to €1,250 a kilo. It is expected that we will harvest 2,000 kilos which can possibly bring in €850,000 to as much as €2,000,000.”

“It is important to note, alongside our most recent filing, that our company is poised for growth like never before. Freedom Leaf, Inc. has absolutely no toxic debt and no convertible notes; Our European Greenhouse is one of the largest at 430,000 square feet, if not the largest, indoor Hemp grow facilities in the world. We will have three harvests a year indoors and we also have the rights for an outdoor grow space of 20 hectares (over 2 million square feet and expecting 20,000 kilos of Hemp flower sale price starting at €45 per kilo). Currently, we are using about 20% of the greenhouse space and will produce hemp in increasing quantities with each harvest until we meet full capacity, which would yield approximately 10,000 kilos per harvest or 30,000 kilos per year.”

“For our outdoor facility, our intention is to follow export rules and ship that crop to our Las Vegas facility for extraction. We currently have a letter of Intent to purchase 120,000 pounds of additional USA hemp from a farm for the purposes of raw extraction into finely honed full spectrum oil which is the only type that we use in our CBD retail products through our IRIE and Hempology product lines. What we do not use for our own IRIE and Hempology product lines we can sell for $13,000 to $17,000 a kilo for full spectrum within the legal limits. We are also sourcing the equipment to produce CBD Isolate, which is selling upwards to $7,500 a kilo.”