The City of North Las Vegas has Granted Green Leaf Farms Holdings Two Conditional Use Permits for its Medical Marijuana Cultivation and Production Facilites
LAS VEGAS, NV / ACCESSWIRE / October 17, 2014 / Players Network (OTCQB: PNTV), a Digital Television, Technology and New Media company that develops, owns, and operates Branded Lifestyle Channel Destinations announces today that the City of North Las Vegas approved two Condition Use Permits for Medical Marijuana Cultivation and Production Facilities. Green Leaf Farms Holdings of which 80% is owned by Players Network ("Company" and/or "PNTV") is the contract purchaser of 3.2 acres of land on Apex Great Basin Way in North Las Vegas, Nevada. The Conditional Use Permits are for a Cultivation Facility for Medical Marijuana and a Production Facility for Edible Medical Marijuana and Marijuana-Infused Products on this property.
Mark Bradley CEO of Players Network states, "This is an extremely important approval for the Company. As stated in previous press releases Green Leaf Farms Holdings ("GLFH") applied for three permits, two within North Las Vegas and a dispensary permit in Las Vegas which is still in review. Capital has already been raised in GLFH for these applications at a $10 million valuation. This valuation was prior to these approvals being granted which increases the GLFH valuation. It is important to note that GLFH could not begin this application process without already having a first class operational team and financial resources in place. The next step is Nevada State review and approval. The State is expected to make their determinations by November 18, 2014. Based upon the strength or our team and financial resources we are confident that our application meets all State requirements. I also granted WeedTv an interview which can be read at http://weedtv.com/category/finance that provides additional information. I encourage you to read the interview at Weedtv.com."
Mr. Bradley continues, "PNTV is a digital media company operating branded channel destinations where WeedTv is one of our channel destination. We are not getting out of the media business; GLFH will provide a strong recurring revenue stream to the Company as well as a rich source of program content for our Weedtv channel. This sector will be one of the most dynamic and high growth industries for the next 5 to 10 years. This is a professional, regulated and licensed industry focused on helping people with real needs and providing sustainable raw materials. PNTV remains focused on achieving our operational goals bringing shareholder value and growth opportunities."
About Players Network:
Players Network is a Television and Digital New Media Company that uses its proprietary Enterprise Web Platform to develop numerous Branded Digital Lifestyle Networks for itself and its partners in a wide range of lifestyle categories. Players Network's current original channels, "Players Network", "Vegas on Demand", "Real Vegas TV", focus on Las Vegas and Gaming Lifestyles and the newest Channel is "WeedTV". They are distributed over PNTV's owned and operated VOD Channels on TV in over 23,000,000 homes over Comcast, its Broadband Network and Mobile Platforms, on Hulu, Google, YouTube, Blinkx and Yahoo Video, on DVD, and through worldwide television syndication. For more information please visit www.playersnetwork.com
About WeedTV:
WeedTv is the go to source for informational, entertainment, products and services for people who relate to the marijuana lifestyle and social community. Weed TV provides a wide variety of editorial content, videos and entertainment including lead stories, political news, business news on the industry, financial analysis from industry experts, growing tips, cooking tips, a "Weed101" section, medical uses, lifestyle features, entertainment specials and merchandise shopping cart offering products and services.
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this Release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to: the ability of the Company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for or install its products, the ability to obtain new customers and the ability to continue to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.
CONTACT:
Media inquiries contact
Lisa Mayo-DeRiso
702.576.2659
For Investor inquiries
Parker Mitchell
702-575-9157
SOURCE: Players Network