We began tracking Freedom Leaf, Inc. (OTCMKTS:FRLF) which dually bills itself as ‘The Marijuana Legalization Company®, recently as the company had completed a key transaction to increase its cannabis business by a considerable margin.
Since that time the company has taken considerable steps to continue that trend, unveiling a new line of CBD products, and distribution agreements.
Freedom Leaf, Inc. (OTCMKTS:FRLF) announced that it is developing multiple strategic partnerships through their wholly owned extraction division Leafceuticals Inc., and through their exclusively owned CBD product line Hempology. Hempology is Freedom Leaf’s exclusive new line of Hemp CBD products, including CBD Herbal Vapors, Mint CBD Oil, and CBD Pet Treats.
Freedom Leaf has signed a National Distribution Agreement with Quality Products Distribution Inc., the distributor of the Accuvape vaporizer line. Hilary Dulany, CEO of Quality Products Distribution Inc., signed the agreement alongside Clifford Perry, CEO of Freedom Leaf, for distribution rights of the Hempology CBD line to their large network of retail stores across the country. With this type of sales interest, Freedom Leaf is projecting revenue of $2,000,000 for the Hempology product line for 2018.
Chris Thompson, Freedom Leaf’s Director of Digital Marketing, who helped close the Distribution Agreement, explained, “Signing a national distributor like Quality Products Distribution Inc. was one of our major goals with the Hempology line. Now that Hilary’s experienced sales team will be presenting our CBD products to dispensaries and retail stores, we expect a steady growth of wholesale orders in the coming weeks.”
In addition to the new Distribution Agreement, the Hempology CBD product line will also now be available in brick and mortar retail stores in over 10 states due to a large influx of wholesale orders from the recent Champs Trade Show and Tobacco Plus Expo in Las Vegas.
Freedom Leaf CEO and Co-Founder, Clifford Perry, stated, “We are creating a strong foundation for our international company through multiple positive relationships with key industry players. These strategic partnerships will continue to bring Freedom Leaf to the forefront of the emerging Cannabis/Hemp industry.”
Additionally, Freedom Leaf’s extraction division, Leafceuticals Inc., has completed a successful extraction of nearly 600 pounds of industrial hemp from Pahrump, NV and will be utilizing the high-quality full-spectrum CBD oil directly in the Hempology CBD product line.
Through the strategic partnership with manufacturer NutraFuels (OTCMKTS: NTFU), Freedom Leaf will be able to capitalize on the full retail value of the first industrial hemp CBD extraction by manufacturing the Hempology line with their own extracted CBD. This move will cut production costs of the Hempology CBD line and moves Freedom Leaf towards being a fully vertically-integrated company. (Source: Globe Newswire)
So FRLF has been taking the steps needed to grow its business in rather rapid fashion, and there seem to be no signs of the process slowing. To that point, Freedom Leaf co-founders Richard Cowan and Clifford J. Perry are attending Spannabis, the huge Cannabis expo in Barcelona, Spain, and meeting with partners and other potential acquisitions for Freedom Leaf Europe, the company’s European subsidiary. It’s an exciting time for FRLF and its shareholders, and we are eager to continue tracking the company’s progress moving forward. We’ll stay up on any further developments with FRLF and pass them along to you! Stay locked on StreetRegister.com and be sure you’re signed up for our 100% free smallcap newsletter. It’s as easy as that! Simply submit your primary active email address in the box below. Subscribe now!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in FRLF stock, short or long.