GL Brands Inc. (fka GRLB)

[midas716]

FRLF better hope a harvest was actually planted... Just sayin'.

Freedom Leaf Purchases Land and Fully Equipped, 430,000 Square Foot Greenhouse Complex in Spain for 4,100,000 EUROS ($4.75 million) - Our Intention is to Operate the Largest Indoor Hemp Nursery in the World
Press Release | 06/18/2018
LAS VEGAS, NV, June 18, 2018 (GLOBE NEWSWIRE) -- Freedom Leaf, Inc. (OTCQB: FRLF), a group of international vertically integrated hemp businesses focused on health, wellness, education and media products, has acquired a 430,000-square-foot greenhouse complex near Valencia, Spain for €4,100,000 ($4.75 million) 39°16'46.0"N 0°27'31.1"W

The facility is fully operational and is equipped for light deprivation to force plants to flower, which will allow it to produce up to four crops per year.

Over 100,000 hemp seedlings have already been planted with more being planted everyday till the end of this month. The facility is projected to yield over 100,000 plants this first summer crop, with an approximate yield of 200-400 grams per plant. Currently, in Europe, hemp bud sells for €45 to €$450 per kg based on the quality of the seed stock and strain.

Clifford J. Perry, Freedom Leaf co-founder and CEO, explained: “With this acquisition, Freedom Leaf intends to become the largest indoor hemp producer in Europe, where there is a booming market for CBD products. We expect to have the facility in full production by early 2019. It will replace our much smaller operation near Elche, as we have dissolved our previous arrangement with Green Market Europe by mutual agreement.”

Perry added, “We currently have orders in excess of 3,000 kilos of European-Certified (low THC.02%), industrial hemp for flower and full spectrum oil extraction with projected sales of close to $600,0000 in November of 2018. When in full operation in 2019, with state of the art upgrades, we anticipate this facility will produce over 50,000 kilos of high-grade industrial hemp per year. When recreational cannabis is legalized, it will be easy for us to convert our production to meet that demand.”