Connect with us

INDUSTRIAL HEMP

Freedom Leaf Inc (OTCMKTS:FRLF) Closes Acquisition Of Green Market Europe S.L.

Published

on

Freedom Leaf Inc (OTCMKTS:FRLF) has fully bought 100% of Green Market Europe S.L., a Spanish producer of hemp offerings. Since the report of the acquisition on June 28 2017, the company’s team has been assiduously working to finalize the global acquisition, and as of today all pertinent documentation has been signed, submitted and finalized.

The details

Clifford J. Perry, the CEO and Co-founder of Freedom Leaf, expressed that they are extremely delighted to have closed this deal, the transaction is now final. Their philosophy is to only buy firms that will add considerable net profit, shareholder value and gross revenue to company financials, and there lies no exception. Spanish Hemp Producer is estimated to add €2.000.000 that comes as around USD $2.393 million, in its initial full year of operation at around a 15% net profit.

Green Market facilities comprise a 21,000 square feet light deprivation greenhouse, an indoor cultivation research facility spreading over 43,000 square feet, and outdoor production space of over 200 acres. The light deprivation enables the increase of the count of yearly crops from 3 – 4 crops per year, and the 43,000 square feet indoor grow facility is utilized for genetic research and growing additional hemp crops.

Green Market is strategically based in Elche, Alicante, a vital Spanish business center, with great year-round weather climate for agricultural growing and a tradition of cultivating hemp. It marks the second closed acquisition for Freedom Leaf in Europe and Spain. The first deal was in last May of LaMarihuana.com and Marihuana-Medicinal.com. LaMarihuana.com was started in 2001 and currently has over 1.7 million page visits per month. It even has over 1.3 million fans on Facebook. Freedom Leaf is currently associating with Spanish scientists separating other rare cannabinoids.

In the last trading session, the stock price of Freedom Leaf declined more than 10% to close the day at $0.0989.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

BRANDS

DETAILS

SCORE

PRODUCT SITES

  • Certified Organic
  • Made In U.S.A
  • Purity Promise
  • Price From $49

9.8

30% OFF Today! “30 0FF”

  • All Natural
  • Made In U.S.A
  • Lab Tested
  • Price From $69

9.7

  • All Natural
  • Made In U.S.A
  • Dissolvable Oral
  • Price From $99

9.6

  • All Natural
  • Made In U.S.A
  • Oral Mist
  • Price From $39

9.5

BRAND
DETAILS
  • All Organic
  • Made In U.S.A
  • Purity Promise
  • Price From $49
SCORE

9.8

PRODUCT SITE
BRAND
DETAILS
  • All Organic
  • Made In U.S.A
  • Lab Tested
  • Price From $69
SCORE

9.7

PRODUCT SITE VIEW PRODUCTS
BRAND
DETAILS
  • All Organic
  • Made In U.S.A
  • Dissolvable Oral
  • Price From $99
SCORE

9.6

PRODUCT SITE VIEW PRODUCTS
BRAND
DETAILS
  • All Organic
  • Made In U.S.A
  • Oral Mist
  • Price From $39
SCORE

9.5

PRODUCT SITE VIEW PRODUCTS
Advertisement

Symbol        Alert        High        Gain

 

  VBIO          $0.67       $4.10      500%

  IMLFF        $0.11       $0.57      400%

  CMXC        $0.25       $0.45      80%

  REPCF       $0.54       $0.79      48%

 

Get Your Latest Winner Delivered to Your Inbox!

FREE

For The Next 48 Hours

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement