The Largest Project Of Its Kind To Produce Medical Grade Cannabis and CBD Oils For The Global Marketplace While Using Every Part Of The Hemp Plant To Produce And Distribute a Multitude of Diversified, Environmentally Friendly Cannabis Products
LAS VEGAS, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Player's Network, Inc. (OTCQB: PNTV), a rapidly growing company in the adult use and medical marijuana industry, with operations in Nevada and Argentina, announced today they have signed the Definitive Agreement with the Province of Jujuy, Argentina through its joint venture company Cannava (a Jujuy province's state owned company) to develop fertile, organic state´s farmland the occupies 14,000 Hectares (about 54 sq. miles), for growth, extraction, and exportation of essential cannabis oils and other hemp-based products to legal markets throughout the world.
Please visit our website to view a special video prepared to provide an overview of the 14,000 hectares project:
On November 16, 2018, an MOU was signed that required two milestones be met before the Joint Venture could begin cultivation activities. 1.) the creation of a comprehensive security plan, and 2.) approval by the Argentine Government to import Cannabis Genetics. Green Leaf Farms has successfully accomplished both milestones.
The Joint Venture is now scheduled to begin planting premium cannabis seeds in March, beginning with a limited area to test which genetics respond best to the environment in Jujuy, and by September (Spring in Argentina) will plant the preeminent strains for harvesting and processing of oils and hemp-based products.
This abundant farmland granted to the Green Leaf Farms Joint Venture by the government will allow for the harvesting of thousands of tons of "Industrial Hemp Biomass" from which to extract a wide spectrum of oils to supply the worldwide need for raw ingredients necessary to manufacture a panoply of medical, health and wellness products. The Biomass remaining after extraction will be used to manufacture other environmentally beneficial products such as paper, plastic, textiles, rope, fuel, hempcrete and other hemp-based products.
"This is a groundbreaking project on so many levels", said Mark Bradley, CEO of Players Network and Green Leaf Farms. "Our business model and scalability surpass that of any other cannabis company in the world. That's not hyperbole. Thanks to our Joint Venture with Jujuy province government (through Cannava), we will be able to supply, on a massive scale, the key ingredients used to produce an array of environmentally friendly hemp-based products, especially medical grade oils used to treat an assortment of afflictions from depression and diabetes, to arthritis, seizures and dozens of other physical, mental and emotional conditions. This project will create a lot of jobs, and as part of our mandate, we will provide educational programs to the citizens of Argentina. What other cannabis company can claim is kind of government backing and support?"
"We share with Green Leaf Farms the challenge and the vision for the development of a new cannabis industry for medical purposes in Argentina", said Gastón Morales, President of Jujuy province state owned company Cannava. "We have found in Green Leaf Farms a company that do not hesitate to make true the objectives that surround this project, and that is why we have entered to this public-private agreement to put into operation the first legal cannabis cultivation and production project in the history of Argentina, with a worldwide scale"
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About Player's Network (stock symbol PNTV)
Player's Network is a rapidly growing company in the marijuana industry with licensed grow operations in Las Vegas, Nevada and Jujuy, Argentina. Over the last 12 months, the Company has gone from a development stage company to a fully operational cannabis business. The business strategy is to grow by acquisitions, joint ventures, and new market opportunities in the US and Internationally. Cannabis is legal for medical use in 30 States plus DC. It is legal for adult recreational use in 9 States plus DC. The entire country of Canada legalized marijuana adult use in October 2018. The Company believes this trend of legalization of marijuana in the US and worldwide will continue and create tremendous growth opportunities for shareholders.
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Information about Forward-Looking Statements
This press release contains "forward-looking statements" that include information relating to future events. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to: inability to gain or maintain licenses, reliance on unaudited statements, the Company's need for additional funding, governmental regulation of the cannabis industry, the impact of competitive products and pricing, the demand for the Company's products, and other risks that are detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission. For a more detailed description of the risk factors and uncertainties affecting Players Network, please refer to the Company's recent Securities and Exchange Commission filings, which are available at www.sec.gov. 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.
Player's Network Contacts:
David Klepinger, Investor Relations Manager
Interview Requests & Media Inquiries with Mark Bradley, CEO:
Christine Kramar, Executive Secretary to CEO
Phone: (702) 606-2618
Interview Requests & Media Inquiries (General):
Brett H. Pojunis, Director
Source: Player's Network