Original Post Marketwired:
Post from http://finance.yahoo.com/news/freedom-leaf-inc-otc-pink-113000206.html
LAS VEGAS, NV–(Marketwired – Dec 20, 2016) – Clifford J. Perry, CEO and Co-Founder of Freedom Leaf Inc., The Marijuana Legalization Company™ ( OTC PINK : FRLF ), announced today that the company has launched a new territorial licensing program for both the U.S. and internationally.
Freedom Leaf CEO Clifford J. Perry explained, “Following up with the early success of selling FRLF Licenses to companies in The Netherlands and the Iberian Peninsula (Spain & Portugal), Freedom Leaf is now making Freedom Leaf licenses available within the United States and in other countries where there are viable marijuana legalization movements.”
Under the new licensing program, licensees will distribute the FRLF magazine within their territory. The magazines distributed within their territory will have a section that is devoted to local Cannabis news and local ads. Licensees will have editorial discretion as to the local portion of the magazine, subject to approval by FRLF, which will enable them to include articles in the magazine of particular relevance to the local reader and to supplement content provided by Freedom Leaf. They will also have pages within the local section of the magazine that are reserved for them to sell to advertisers, and licensees will receive a Freedom Leaf Press Credential, which should be useable within the license territory.
Additionally, licensees will have the right to host Freedom Leaf events, sell Freedom Leaf branded merchandise, such as hats, shirts, jewelry, backpacks, sandals, etc., and sell a number of potential Freedom Leaf services to local clientele, including Cannabis-related consulting services, the provision of industry-related speakers for meetings, seminars and conferences, classes about the medical usage of Cannabis, classes on entering the Cannabis industry, and holding musical concerts and festivals.
The cost of regional or state license will vary depending on the population of the individual territory covered by that license. Licensees will be able to sell sub-licenses to major metropolitan areas within their territory on terms acceptable to Freedom Leaf.
The license program is intended to provide income opportunities for both the licensee and Freedom Leaf. Products, services, conferences, sub-licenses and seminars will be provided to the licensees at wholesale pricing, and royalties will be paid to Freedom Leaf on all sales made within the license territory.
Currently, Freedom Leaf, Inc. is in discussions with companies or individuals in 3 states who have expressed an interest in the potential acquisition of a Freedom Leaf license. This is without any significant marketing efforts as of yet. Based on preliminary interest in these local licenses, we anticipate significant revenues to result from our new licensing program within the next two years.
Freedom Leaf is also in discussions with additional companies in other countries that have expressed an interest in acquiring a Freedom Leaf license.
About Freedom Leaf
Freedom Leaf, Inc., The Marijuana Legalization Company™, is a fully reporting and audited, publicly traded company trading under the symbol ( OTC PINK : FRLF ). Freedom Leaf, Inc. is the leading go-to resource in the cannabis, medical marijuana, and industrial hemp industry. It is involved in mergers and acquisitions in the marijuana industry, including incubation/acceleration and spin offs of new marijuana/hemp related companies.
Freedom Leaf Inc.’s flagship publication is Freedom Leaf Magazine, The Good News in Marijuana Reform. The company produces a portfolio of news, print and digital multi-media verticals, websites, and web advertising, for the ever changing emerging cannabis, medical marijuana and industrial hemp industry. Freedom Leaf, Inc. does not handle, grow, sell, or disperse marijuana or related products.
Safe Harbor Statement
This press release contains certain “forward-looking statements,” as defined in the United States Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. Statements using the words “may,” “will,” “hope,” “anticipate,” “intend” or similar words are forward-looking statements. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management’s current expectations. The economic, competitive, governmental, technological and other factors identified in the Company’s previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward-looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor relations information can be found on the Freedom Leaf, Inc. website.