FLI
Jena, Germany
FLI
Jena, Germany

Time filter

Source Type

News Article | April 23, 2017
Site: www.prweb.com

The American Association of Naturopathic Physicians (AANP) will host its annual DC Federal Legislative Initiative (DC FLI), April 29-30 at the Hyatt Regency in Crystal City, Virginia. This year’s DC FLI will urge congressional support for enforcement of the insurance nondiscrimination provision of the Public Health Service Act (42 U.S.C. § 300gg–5). The provision is word for word from a pre-existing Medicare Advantage statute. It states that insurers “shall not discriminate with respect to participation under the plan or coverage against any health care provider who is acting within the scope of that provider's license or certification under applicable State law.” The intent of the provision is to add qualified provider types to health plans, whether private health plans or self-funded ERISA plans. It does not require insurers to add any services not already covered by the given health plans, nor does it require all qualified providers within a provider type to be included in a plan. “If this nondiscrimination provision were to be fully implemented, health care competition would increase, driving down costs,” stated Michael Traub, ND, chair of the AANP’s Insurance Nondiscrimination Work Group. “Patients would have additional incentive to keep themselves healthy through their choice of integrative health care providers who focus on prevention and wellness.” Even after publication of non-binding FAQ guidances by the Department of Health and Human Services (HHS), insurers are not clear on the statute’s intent or how they should comply with it. The attendees of the DC FLI – upwards of 150 licensed Naturopathic Doctors and naturopathic medical students – will unite from all across the country to advocate, asking that their elected representatives send messages to the Secretary of the HHS. “Unambiguous enforcement guidance from HHS would provide Americans with a stronger incentive to take responsibility for their own health through licensed provider types that emphasize illness prevention. The result would undoubtedly be a considerable savings in health care expenditures,” commented Dr. Traub. Health care in the U.S. is almost entirely oriented to treating patients once they are ill – most often through costly prescription drugs, invasive surgeries, and hospitalization. The DC FLI will call to attention the need for NDs to have a greater role as primary care providers. The AANP, through the DC FLI, is working to educate members of Congress about the role licensed Naturopathic Doctors play in providing safe, effective, and affordable health care. About the AANP: The American Association of Naturopathic Physicians (AANP) is the professional association that represents licensed naturopathic physicians. The AANP strives to make naturopathic medicine available to every American, and to increase recognition of naturopathic physicians as the identified authorities on natural medicine. Learn more at http://www.naturopathic.org.


For the Six Months Ended December 31, 2016 We define Adjusted EBITDA as net earnings (loss) before interest, income taxes, depreciation, depletion, and amortization from operations, as well as non-cash items, stock-based compensation (recognized under ASC Topic 718) and beneficial conversion feature expense, which is a non-GAAP measure. We believe the use of this non-GAAP financial measure provides useful information to investors regarding our current financial performance; however, Adjusted EBITDA does not represent, and should not be considered an alternative to GAAP measurements. Specifically, we believe Adjusted EBITDA results provide useful information to both management and investors by excluding certain income and expenses that our management believes are not indicative of our core operating results, we believe that non-GAAP financial measures have limitations and do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP and that Adjusted EBITDA should only be used to evaluate our results of operations in conjunction with the corresponding GAAP financial measures. "Our first two fiscal quarters of 2017 demonstrated strong growth over our first two fiscal quarters of 2016, and continued growth on a quarter over quarter basis as our licensing, incubation, strategic joint venture relationships and the launch of our hempOLOGY high CBD skin care products continue to grow. We are extremely pleased with our increasing revenues and implementation of our plan of operations. Our revenues have significantly improved and our strategic joint ventures are driving our dramatic revenue increases," explains Freedom Leaf CEO, Clifford Perry. Freedom Leaf, Inc. is a fully reporting and audited, publicly traded company. Freedom Leaf, Inc. is one of the leading go-to resources in the cannabis, medical marijuana, and industrial hemp industry. Freedom Leaf'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. In addition, Freedom Leaf has an operating division: the FLI Agency that is a full service creative, marketing and talent agency servicing clients for the creation and launch of private label products. With full service production capabilities, it is anticipated that FLI Agency should be able to craft unique brands, affiliate marketing and direct sales programs to service the rapidly growing nutritional supplement and skin care industries. FLI Agency is focused on every aspect of the production in addition to branding and marketing. Freedom Leaf is known as "The Marijuana Legalization Company™" because the Freedom Leaf team has nearly 200 years collective experience in the marijuana legalization effort, which gives Freedom Leaf great credibility as a trusted source in the global Cannabis Hemp sector. Freedom Leaf, Inc. does not handle, grow, sell, or disperse marijuana or related products. Therefore, we are not regulated in any way by the different government agencies other than standard business type of regulations. Statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by phrases such as Freedom Leaf, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company's products and services, changes in relationships with third parties, and other factors described in the Company's most recent periodic filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K dated June 30, 2016 and quarterly reports on Form 10-Q. Investor relations information can be found on the FreedomLeafInc.com company website.


These products are positioned to expand FRLF's revenue streams exponentially in fastest growing areas of the booming cannabis/hemp sector LAS VEGAS, NV--(Marketwired - Feb 8, 2017) - Freedom Leaf, "The Marijuana Legalization Company™" ( : FRLF), announced today that it is launching a new marketing program with a series of unique proprietary skin care and herbal vapor products under the hempOLOGY™ Brand, featuring American grown and extracted legal hemp CBD (Cannabidiol). These products are being positioned to expand Freedom Leaf's revenue streams exponentially by monetizing its publishing and digital marketing platforms in two of the fastest growing areas of the booming cannabis/hemp industry. The unique hempOLOGY™ Herbal Vapor blends, with American produced hemp CBD and organically grown Ayurvedic herbs produced by a leader in India's ancient Ayurvedic herbal medicines, were introduced January 25th and 26th at the Tobacco Plus Expo in Las Vegas, Freedom Leaf's hometown. TPE is the largest B2B trade show featuring the full-spectrum of tobacco, vapor, alternative, and general merchandise products on the market. The hempOLOGY™ vapor products received an enthusiastic response from distributors who service tens of thousands of smoke shops and convenience stores across the nation and abroad. The hempOLOGY™ vapor products and the hempOLOGY™ hemp CBD skin care products will also be introduced this week at the CHAMPS cannabis trade show this week in Las Vegas, February 7 thru 9th. CHAMPS Trade Shows have been a staple in the Counter Culture Industry for eighteen years because of the amazing buyers and vendors who continue to attend show after show. Visit us at the hempOLOGY™ and Freedom Leaf Magazine booth #1082 The global skin care industry is currently estimated at $121 billion and the market demand for CBD products is growing at a viral rate, while Freedom Leaf is pioneering a new segment in the booming vaporization market segment. Freedom Leaf CEO Cliff Perry stated, "Freedom Leaf has partnered with the one of leading manufacturers of skin care products in the U.S. as well as a leader in herbal medicines, so we will not be burdened with the capital and managerial complexities inherent operating a manufacturing facility. This leaves Charles Mui, our V.P. of Sales and Marketing and leader of the FLI Agency, Freedom Leaf's full service branding, creative, marketing, and talent agency, to solely focus on organizing our new marketing strategy for these new product lines. Charles has specialized in creating and marketing beauty, wellness and longevity products over the past decade. He has been directly responsible for taking a number of new product lines to a million dollar a month sales in their first year of launch. We are quite confident that Charles will do the same for Freedom Leaf's new hempOLOGY™ product line. The FLI Agency, a division of Freedom Leaf, Inc. ( : FRLF) is also accepting clients for the creation and launch of private label products. With full service production capabilities FLI Agency will be able to craft unique brands and affiliate marketing and direct sales programs to service the rapidly growing nutritional supplement and skin care industries. FLI Agency can handle every aspect of the production in addition to branding and marketing of the consumable products it will create for any forward thinking business. Freedom Leaf calls itself "The Marijuana Legalization Company™" because the Freedom Leaf team has nearly 200 years collective experience in the marijuana legalization effort, which gives Freedom Leaf great credibility as a trusted source in the global Marijuana/Hemp sector. The hempOLOGY™ High CBD skin care and vapor products are made from all-natural ingredients that provide nutritive assistance to the body. All of the ingredients are considered safe and adhere to GMP standards in both the sourcing and manufacturing of all the ingredients. None of the statements contained in this news release are health claims and the FDA has not evaluated these claims. Freedom Leaf's products and proposed products are not intended to diagnose, treat, cure or prevent any disease. About Freedom Leaf Freedom Leaf, Inc., The Marijuana Legalization Company™, is a fully reporting and audited, publicly traded company trading under the symbol ( : 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 Statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by phrases such as Freedom Leaf, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company's products and services, changes in relationships with third parties, and other factors described in the Company's most recent periodic filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K dated June 30, 2016 and quarterly reports on Form 10-Q. Investor relations information can be found on the Freedom Leaf, Inc. company website.


FRLF management intends to aggressively pursue joint ventures and exclusive licensing agreements in cannabis hemp related enterprises LAS VEGAS, NV--(Marketwired - Feb 14, 2017) - Freedom Leaf, "The Marijuana Legalization Company™" ( : FRLF), announced that it has entered into the first two of a series of strategic joint ventures that will be the driving source of revenue for the company in 2017. Freedom Leaf's CEO Clifford J Perry stated, "We are proud to announce that Freedom Leaf has entered into a Strategic Joint Venture with NuAxon BioScience to distribute their large capacity super critical CO2 extraction units. The booming demand for high grade cannabinoid extracts, such as CBD (cannabidiol), can only be met with large capacity super critical CO2 extraction devices that are manufactured to maximize efficiency for the Cannabis and Industrial Hemp sector. The industrial hemp harvest is expected to dramatically increase in the US and worldwide. NuAxon BioScience's 17 year experience in manufacturing large capacity super critical CO2 extraction units with patented proprietary 5,000 psi pumps, delivers greater economies of scale in the extraction process. Freedom Leaf has also entered into a Strategic Joint Venture distribution agreement with Nisarga Biotech Group of India, for their US Patent Pending proprietary formulas for Ayurvedic medicine. Freedom Leaf, Inc. has the exclusive distribution rights for these formulas, which combined with CBD's will create a health enhancing line of skin care and breathable vapor products. "Ayurveda" is one of the world's oldest holistic ("whole-body") healing systems. It was developed more than 3,000 years ago in India. It's based on the belief that health and wellness depend on a delicate balance between the mind, body, and spirit. Its main goal is to promote good health. Nisarga Biotech Group of India is a consortium of natural product companies creating sustainable, organically based holistic products. Nisarga received the Pharmexcil Patent Award 2012-13 for commendable contribution in developing pharmaceutical patents. Freedom Leafs launch of HempOLOGYsm will provide a "first mover's advantage" into the exploding CBD Market. The demand for this product was apparent at the Champs Trade Show in Las Vegas February 7th-9th. "Retail and wholesale distributors were excited to see a new category of functional CBD skin care and breathable vapor products introduced into the marketplace. Functional CBD gives users benefits they can immediately experience and feel on their skin," said Charles Mui, VP of sales and marketing at Freedom leaf, Inc. Jon Doukas Managing Partner at Trends Mergers and Acquisitions, strategic business advisor to Freedom Leaf had this to say: "Management under the leadership of its CEO Clifford J Perry has made it clear that it intends to aggressively pursue joint ventures and exclusive licensing agreements in cannabis hemp related enterprises. Both NuAxon Bioscience, Nisarga Biotech Group are solid indications of the path the company has taken toward developing a portfolio of revenue-generating joint ventures within the Cannabis Hemp sector." The HempOLOGYsm High CBD skin care and vapor products are made from all-natural ingredients that provide nutritive assistance to the body. All of the ingredients are considered safe and adhere to GMP (Good Manufacturing Practice) standards in both the sourcing and manufacturing of all the ingredients. None of the statements contained in this news release are health claims and the FDA has not evaluated these claims. Freedom Leaf's products and proposed products are not intended to diagnose, treat, cure or prevent any disease. You can see the product line for HempOLOGYsm at www.MyHempOLOGY.com Trends Mergers & Acquisitions is an Advisory and Consulting Firm which consults and guides business entities seeking to enter the public markets. Year to date, we have assisted our clients in achieving over $2 billion in newly realized market cap. We advise our clients on strategic planning, corporate structure, accounting, investor relations, capital raising and investment banking matters. Trends has been involved in over 180 reverse mergers transactions, providing mergers and acquisition advisory services, along with capital raising capabilities, to companies in the United States and abroad. With direct links to Europe, Asia, and North & South America, Trends serves as a vehicle to allow companies access to capital markets around the globe. We operate three primary divisions; Merger Advisory Services and Management Advisory Services and PUBCOxchange.com. Corporate website: www.TrendsMergers.com Freedom Leaf, Inc., The Marijuana Legalization Company™, is a fully reporting and audited, publicly traded company trading under the symbol ( : 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 the FLI Agency, a full service creative, marketing and talent agency accepting clients for the creation and launch of private label products. With full service production capabilities FLI Agency will be able to craft unique brands and affiliate marketing and direct sales programs to service the rapidly growing nutritional supplement and skin care industries. FLI Agency can handle every aspect of the production in addition to branding and marketing of the consumable products it will create for any forward thinking business. Freedom Leaf calls itself "The Marijuana Legalization Company™" because the Freedom Leaf team has nearly 200 years collective experience in the marijuana legalization effort, which gives Freedom Leaf great credibility as a trusted source in the global Marijuana/Hemp sector. 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 Statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by phrases such as Freedom Leaf, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company's products and services, changes in relationships with third parties, and other factors described in the Company's most recent periodic filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K dated June 30, 2016 and quarterly reports on Form 10-Q. Investor relations information can be found on the Freedom Leaf, Inc. company website.


News Article | February 23, 2017
Site: www.marketwired.com

Enbridge Inc. (TSX:ENB)(NYSE:ENB) (Enbridge) and Spectra Energy Corp (NYSE:SE) (Spectra Energy) today announced that the previously announced merger of the two companies (the Transaction) has received all required regulatory clearances under the merger agreement, including from the Canadian Competition Bureau, and is expected to close on February 27, 2017. "We are very pleased to have now received all required regulatory clearances and we look forward to realizing the significant customer and shareholder benefits of combining these two strong companies," said Al Monaco, President and Chief Executive Officer of Enbridge. "With the completion of the Transaction, Enbridge will become a leading global energy infrastructure company and the largest in North America with roughly C$166 billion (US$126 billion) in enterprise value and the strongest liquids and natural gas infrastructure franchises on the continent. We will have a diverse set of low-risk businesses comprised of a best in class network of crude oil, liquids and natural gas pipelines, a large portfolio of strong, regulated gas distribution utilities and a growing renewable power generation platform. The combined company will be positioned to provide integrated services and first and last mile connectivity to virtually all key liquids and gas supply basins and demand markets in North America." Mr. Monaco added: "A significant amount of collaboration has allowed us to get to this point. The two companies have completed extensive planning in advance of closing and will be focused on a successful integration. Our teams are well prepared to ensure a smooth transition for our customers, employees and other stakeholders, while maintaining a sharp focus on our number one priority - the safety and reliability of our networks. We look forward to realizing the benefits of this strategic combination while delivering the energy people want and need." Spectra Energy Chief Executive Officer Greg Ebel, who will become chairman of Enbridge once the Transaction closes, said: "By combining the strength of Enbridge with the strength of Spectra Energy, we are creating an unrivaled company that will provide superior value - now and into the future - for our customers, employees, investors and communities. The Transaction will significantly enhance and extend the dividend growth outlook for Spectra Energy shareholders. No other company in our industry will have this kind of high-return, low-risk model that investors value so highly." Enbridge expects the Transaction will support its 12 to 14 percent secured ACFFO per share CAGR guidance over the 2015-2019 planning horizon, and will be strongly additive to the Company's growth outlook beyond that timeframe. As previously announced, following the closing of the Transaction, Enbridge will have a substantial capital project portfolio, including C$27 billion (US$21 billion) of commercially secured growth projects coming into service between 2017 and 2019, and C$48 billion probability-weighted development project portfolio. The growth program is expected to enable the Company to deliver highly visible ongoing dividend growth of 10 to 12 percent per year, on average, through 2024, while maintaining a conservative payout of 50 to 60 percent of ACFFO. Enbridge is committed to maintaining its financial strength. In order to further reinforce its financial position and help support continued strong investment grade credit ratings, the Transaction was structured as a share for share exchange. No incremental debt will be incurred on closing of the Transaction. In addition, at the time the Transaction was announced last September, Enbridge set a target of monetizing C$2 billion of non-core assets to provide additional financial strength and flexibility. Approximately C$1.7 billion of that C$2 billion target has been achieved through the sale of its South Prairie Region assets and agreements to sell additional non-core assets. Enbridge management has identified other potential divestments that should enable the Company to meet or exceed this target. No follow-on equity offerings by Enbridge are required to complete funding of the combined secured C$27 billion (US$21 billion) secured growth program through 2019. The combination is expected to achieve annual run-rate synergies of pre-tax C$540 million (US$415 million) by 2019. Detailed plans have been developed to capture a good portion of these synergies in the current year. In addition, the Company expects that approximately C$260 million (US$200 million) of tax savings can be achieved through utilization of tax losses commencing in 2019. Guidance for the combined company for 2017 will be provided in conjunction with the first quarter financial results. Enbridge expects to provide a business and integration update for investors in June 2017 and is planning an investor conference in December, at which time additional detail on the Company's strategic priorities and long-range financial outlook will be provided. Enbridge announced today a new Board of Directors that will take effect as of the closing of the Transaction. Under the terms of the Transaction, the Board of Directors of Enbridge will consist of eight members designated by Enbridge, including Mr. Monaco (President and CEO), and five members designated by Spectra Energy, including Mr. Ebel as chairman of the board. Besides Mr. Monaco, the directors designated by Enbridge, all of whom currently serve as directors of Enbridge, are Marcel R. Coutu, J. Herb England, Charles W. Fischer, V. Maureen Kempston Darkes, Rebecca B. Roberts, Dan C. Tutcher and Catherine L. Williams. In addition to Mr. Ebel (Chair), the directors designated by Spectra Energy are Pamela L. Carter, Clarence P. Cazalot, Jr., Michael McShane and Michael E.J. Phelps, all of whom currently serve as directors of Spectra Energy. Concurrent with the closing of the Transaction, David A. Arledge (Chair), James J. Blanchard and George K. Petty will be retiring from the Enbridge board while F. Anthony Comper, Austin A. Adams, Joseph Alvarado, Peter B. Hamilton, Miranda C. Hubbs and Michael G. Morris will be retiring from the Spectra Energy board. Both Mr. Monaco and Mr. Ebel thank those retiring board members for their contributions to the success of their respective companies. "We're grateful to those retiring board members from the two companies for their leadership, dedication, and guidance. They have provided great stewardship to help build the two very strong organizations that we are combining." Mr. Monaco added that he looks forward to welcoming Spectra Energy employees to Enbridge. "We're bringing together two exceptional teams with strong values and a shared approach to safety, our stakeholders and our communities. We will move forward together, building from our proven strengths to position Enbridge to deliver infrastructure growth opportunities for our customers and continue to create value for our shareholders." As previously announced, the headquarters of the combined company will be in Calgary, Alberta. Houston, Texas, will be the combined company's gas pipelines business unit center; Edmonton, Alberta, will remain the business unit center for liquids pipelines, with the business unit centers for gas distribution continuing to be based in Ontario. The combined company at close will have approximately 17,000 employees. Spectra Energy will make its final common share dividend payment on March 1, 2017, to Spectra shareholders of record on February 15, 2017. In January, Enbridge announced a 10 percent increase in its quarterly common share dividend payable on March 1, 2017, to shareholders of record on February 15, 2017. It is expected that the first quarterly common share dividend post-combination will be payable on June 1, 2017, subject to board approval, and is expected to include a further increase to bring the aggregate increase in Enbridge's quarterly dividend to approximately 15 percent above the prevailing quarterly rate in 2016. Trading in shares of Spectra Energy on the New York Stock Exchange (NYSE) will be suspended effective as of the opening of trading on February 27, 2017. In connection with the completion of the Transaction, the shares of common stock of Spectra Energy will be delisted from the NYSE and will be de-registered under the U.S. Securities Exchange Act of 1934. Common shares of Enbridge will continue to trade on both the NYSE and the Toronto Stock Exchange under the symbol "ENB". Enbridge Energy Partners, L.P. (NYSE:EEP) and Spectra Energy Partners, LP (NYSE:SEP) will continue to be publicly traded partnerships headquartered in Houston, Texas. Enbridge Income Fund Holdings Inc. (TSX:ENF) will remain a publicly traded corporation headquartered in Calgary, Alberta. At Transaction closing, Midcoast Energy Partners, L.P. (NYSE:MEP)(Midcoast) will be a publicly traded partnership headquartered in Houston; however as announced on January 27, 2017, all of the outstanding publicly held common units of Midcoast are expected to be acquired by an Enbridge affiliate during the second quarter of 2017 and Midcoast would cease to be a publicly listed entity at that time. Enbridge, a Canadian company, exists to fuel people's quality of life, and has done so for more than 65 years. A North American leader in delivering energy, Enbridge has been ranked on the Global 100 Most Sustainable Corporations index for the past eight years. Enbridge operates the world's longest crude oil and liquids transportation system across Canada and the United States and has a significant and growing involvement in natural gas gathering, transmission and midstream business, as well as an increasing involvement in power transmission. Enbridge owns and operates Canada's largest natural gas distribution company, serving residential, commercial and industrial customers in Ontario, Quebec, New Brunswick and New York State. Enbridge has interests in approximately 2,500 MW of net renewable and alternative generating capacity, and continues to expand into wind, solar and geothermal power. Enbridge employs approximately 9,200 people, primarily in Canada and the United States and has been ranked 15 times on the annual Canada's Top 100 Employers list, including the 2017 index. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com. Spectra Energy Corp (NYSE:SE), a FORTUNE 500 company, is one of North America's leading pipeline and midstream companies. Based in Houston, Texas, the company's operations in the United States and Canada include approximately 21,000 miles of natural gas and crude oil pipelines; approximately 300 billion cubic feet of natural gas storage; 5.6 million barrels of crude oil storage; as well as natural gas gathering, processing, and local distribution operations. Spectra Energy is the general partner of Spectra Energy Partners, LP (NYSE:SEP), one of the largest pipeline master limited partnerships in the United States and owner of the natural gas and crude oil assets in Spectra Energy's U.S. portfolio. Spectra Energy also has a 50 percent ownership in DCP Midstream, LLC, which is the general partner of DCP Midstream, LP (NYSE:DCP), the largest natural gas liquids producer and the largest natural gas processor in the United States, and the largest gathering and processing master limited partnership in the United States. Spectra Energy has served North American customers and communities for more than a century. For more information, visit www.spectraenergy.com. This news release includes certain forward looking statements and information (FLI) to provide Enbridge and Spectra Energy shareholders and potential investors with information about Enbridge, Spectra Energy and their respective subsidiaries and affiliates, including each company's management's respective assessment of Enbridge, Spectra Energy and their respective subsidiaries' future plans and operations, which FLI may not be appropriate for other purposes. FLI is typically identified by words such as "anticipate", "expect", "project", "estimate", "forecast", "plan", "intend", "target", "believe", "likely" and similar words suggesting future outcomes or statements regarding an outlook. All statements other than statements of historical fact may be FLI. In particular, this news release contains FLI pertaining to, but not limited to, information with respect to the following: the Transaction; the combined company's scale, financial flexibility and growth program; future business prospects and performance; annual cost, revenue and financing benefits; the expected ACFFO per share growth; future shareholder returns; annual dividend growth and anticipated dividend increases and payment dates; payout of distributable cash flow; financial strength and ability to fund capital program and compete for growth projects; credit ratings; run-rate and tax synergies; potential asset dispositions; leadership and governance structure; head office and business center locations; delisting and de-registration of the common stock of Spectra Energy; the proposed merger of Midcoast with an indirect wholly-owned subsidiary of Enbridge; and investor communications plans. Although we believe that the FLI is reasonable based on the information available today and processes used to prepare it, such statements are not guarantees of future performance and you are cautioned against placing undue reliance on FLI. By its nature, FLI involves a variety of assumptions, which are based upon factors that may be difficult to predict and that may involve known and unknown risks and uncertainties and other factors which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by these FLI, including, but not limited to, the following: the realization of anticipated benefits and synergies of the Transaction and the timing thereof; the success of integration plans; the focus of management time and attention on the Transaction and other disruptions arising from the Transaction; expected future ACFFO; estimated future dividends; financial strength and flexibility; debt and equity market conditions, including the ability to access capital markets on favourable terms or at all; cost of debt and equity capital; expected supply and demand for crude oil, natural gas, natural gas liquids and renewable energy; prices of crude oil, natural gas, natural gas liquids and renewable energy; economic and competitive conditions; expected exchange rates; inflation; interest rates; changes in tax laws and tax rates; credit ratings; completion of growth projects; anticipated in-service dates; capital project funding; success of hedging activities; the ability of management of Enbridge, its subsidiaries and affiliates to execute key priorities, including those in connection with the Transaction and the proposed merger of Midcoast with an indirect wholly-owned subsidiary of Enbridge; availability and price of labour and construction materials; operational performance and reliability; customer, shareholder, regulatory and other stakeholder approvals and support; regulatory and legislative decisions and actions; public opinion; and weather. We caution that the foregoing list of factors is not exhaustive. Additional information about these and other assumptions, risks and uncertainties can be found in applicable filings with Canadian and U.S. securities regulators, including any proxy statement, prospectus or registration statement filed in connection with the Transaction. Due to the interdependencies and correlation of these factors, as well as other factors, the impact of any one assumption, risk or uncertainty on FLI cannot be determined with certainty. Except to the extent required by law, we assume no obligation to publicly update or revise any FLI, whether as a result of new information, future events or otherwise. All FLI in this news release is expressly qualified in its entirety by these cautionary statements. This news release makes reference to non-GAAP measures, including ACFFO and ACFFO per share. ACFFO is defined as cash flow provided by operating activities before changes in operating assets and liabilities (including changes in environmental liabilities) less distributions to non-controlling interests and redeemable non-controlling interests, preference share dividends and maintenance capital expenditures, and further adjusted for unusual, non-recurring or non-operating factors. Management of Enbridge believes the presentation of these measures gives useful information to investors and shareholders as they provide increased transparency and insight into the performance of Enbridge. Management of Enbridge uses ACFFO to assess performance and to set its dividend payout target. These measures are not measures that have a standardized meaning prescribed by generally accepted accounting principles in the United States of America (U.S. GAAP) and may not be comparable with similar measures presented by other issuers. Additional information on Enbridge's use of non-GAAP measures can be found in Enbridge's Management's Discussion and Analysis (MD&A) available on Enbridge's website and www.sedar.com.


News Article | February 27, 2017
Site: globenewswire.com

NEW YORK - February 27, 2017 - FORM Holdings (NASDAQ: FH), a diversified holding company, today announced that Andrew D. Perlman, Chief Executive Officer, will present at the 29th Annual ROTH Conference on Monday, March 13, 2017 at 1:00 PM Pacific Time.  The conference will be held at the The Ritz-Carlton, Laguna Niguel in Dana Point, CA. A live webcast of the presentation will be available to the public at: and slides may be downloaded from the webcast page 15 minutes prior to the start of the presentation. The webcast will be archived for 90 days following the live presentation. Mr. Perlman will be available during the conference for one-on-one meetings.  Please contact your ROTH representative to schedule a meeting. Location: The Ritz-Carlton Hotel in The Plaza - Red The ROTH Conference is one of the largest of its kind in the U.S. Following the success of previous years' events, the ROTH Conference, with close to 500 participating companies and over 4,000 attendees, will feature presentations from hundreds of public and private companies in a variety of sectors including: Throughout the three and a half day event, the ROTH Conference will host: This gathering of institutional investors, private equity investors, VCs, company executives and service providers has become a must attend event for anyone working in the small and mid-cap space. FORM Holdings Corp. (NASDAQ: FH) is a publicly held diversified holding company that specializes in identifying, investing in and developing companies with superior growth potential.  FORM's current holdings include XpresSpa, Group Mobile, FLI Charge, Infomedia and intellectual property assets.  XpresSpa is the world's largest airport spa company with 52 locations across 24 major airports. Group Mobile is a provider of rugged, mobile and field-use computing products, serving customers worldwide.  FLI Charge designs, develops, licenses, manufactures and markets wireless conductive power and charging solutions.  Infomedia is a leading provider of customer relationship management and monetization technologies to mobile carriers and device manufacturers.  FORM Holdings' intellectual property division is engaged in the development and monetization of intellectual property. To learn more about Form Holdings Corp., visit: www.FormHoldings.com. This press release includes forward-looking statements, which may be identified by words such as "believes," "expects," "anticipates," "estimates," "projects," "intends," "should," "seeks," "future," "continue," or the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical facts.  Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein.  Statements in this press release regarding the acquisition of Excalibur Integrated Systems; the potential of FORM's business after the acquisition; the ability to raise capital to fund operations and business plan; market acceptance of FORM products; the collective ability to protect intellectual property rights; competition from other providers and products; and any other statements about FORM's management team's future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: the inability to realize the potential value created by the acquisition for FORM's stockholders; FORM's inability to maintain the listing of its securities on the Nasdaq Capital Market; the potential lack of market acceptance of FORM's products; FORM's inability to monetize and recoup FORM's investment with respect to assets and other businesses that that were acquired or will be acquired in the future; general economic conditions and level of information technology and consumer electronics spending; unexpected trends in the mobile phone and telecom computing industries; the potential loss of one or more of FORM's significant Original Equipment Manufacturer ("OEM") suppliers; market acceptance, quality, pricing, availability and useful life of FORM's  products and services, as well as the mix of FORM's  products and services sold; potential competition from other providers and products; FORM's inability to license and monetize FORM's patents, including the outcome of litigation; FORM's inability to develop and introduce new products and/or develop new intellectual property; FORM's inability to protect FORM's  intellectual property rights; new legislation, regulations or court rulings related to enforcing patents, that could harm FORM's business and operating results; FORM's inability to retain key members of its management team; and other risks and uncertainties and other factors discussed from time to time in our filings with the Securities and Exchange Commission ("SEC"), including FORM's Annual Report on Form 10-K for the year ended December 31, 2015 filed with the SEC on March 10, 2016.  FORM expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.


New Spa is Fifth Location in JFK's Terminal 4 NEW YORK - February 16, 2017 - XpresSpa, the industry-leading luxury airport spa company and a wholly owned subsidiary of FORM Holdings Corp. (NASDAQ: FH), today announced that it has opened a new spa location at John F. Kennedy International Airport (JFK) in Terminal 4, bringing its total spa count to five in that terminal. "The newest XpresSpa at JFK strengthens our presence and reinforces our position as the number one luxury airport spa brand. New York continues to serve as a major travel hub in the U.S. and we are excited to expand our growth in this location and beyond," said Ed Jankowski, CEO of XpresSpa. The five spa locations at JFK Terminal 4 deliver the highest level of pampering to air travelers and confirms the demand for spa services within a single terminal. Terminal 4 accounts for approximately 40% of the total passenger traffic at the entire airport. The new spa is located in Terminal 4, Concourse B, across from Gate B39. The spa officially opened on Sunday, February 12, 2017. Since announcing FORM's acquisition of XpresSpa on August 8, 2016, XpresSpa has opened 3 new spa locations. FORM Holdings Corp. (NASDAQ: FH) is a publicly held diversified holding company that specializes in identifying, investing in and developing companies with superior growth potential.  FORM's current holdings include Group Mobile, FLI Charge, Infomedia and intellectual property assets.  Group Mobile is a provider of rugged, mobile and field-use computing products, serving customers worldwide.  FLI Charge designs, develops, licenses, manufactures and markets wireless conductive power and charging solutions.  Infomedia is a leading provider of customer relationship management and monetization technologies to mobile carriers and device manufacturers.  FORM Holdings' intellectual property division is engaged in the development and monetization of intellectual property. To learn more about Form Holdings Corp., visit: www.FormHoldings.com. XpresSpa is the industry-leading luxury travel spa business, serving almost one million air travelers each year at its 53 stores across 22 airports in the United States, Amsterdam and Dubai as of February 15, 2016.  XpresSpa offers travelers premium spa services, including massages, reflexology, stress and tension release, manicures, pedicures, facials and waxing.  Its Xpress nail, massage and hair blow-out services are designed specifically for the busy traveling customer, with treatments completed in 30 minutes or less.  In stores and online, XpresSpa also offers exclusive luxury travel products and accessories, including travel pillows, blankets, massagers, and personal, hair, nail and bath and body products. XpresSpa has over 750 employees, including talented teams of professionally licensed massage therapists, cosmetologists and nail technicians who are committed to providing exceptional customer experiences. This press release includes forward-looking statements, which may be identified by words such as "believes," "expects," "anticipates," "estimates," "projects," "intends," "should," "seeks," "future," "continue," or the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical facts.  Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein.  Statements in this press release regarding the proposed merger between FORM and XpresSpa; the expected timetable for completing the transaction; the potential value created by the proposed merger for FORM's stockholders and XpresSpa's equity holders; the potential of FORM's business after completion of the merger; XpresSpa's projected revenue, the ability to raise capital to fund operations and business plan; the continued listing of FORM's securities on the Nasdaq Capital Market; market acceptance of FORM products; the collective ability to protect intellectual property rights; competition from other providers and products; FORM's management and board of directors after completion of the Merger; and any other statements about FORM's or XpresSpa's management teams' future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: the risk that FORM and XpresSpa may not be able to complete the proposed transaction; the inability to realize the potential value created by the proposed merger for FORM's stockholders; FORM's inability to maintain the listing of its securities on the Nasdaq Capital Market after completion of the merger; the potential lack of market acceptance of FORM's products; FORM's inability to monetize and recoup FORM's investment with respect to assets and other businesses that that were acquired or will be acquired in the future; general economic conditions and level of information technology and consumer electronics spending; unexpected trends in the mobile phone and telecom computing industries; the potential loss of one or more of FORM's significant Original Equipment Manufacturer ("OEM") suppliers, the potential lack of market acceptance of FORM's products; market acceptance, quality, pricing, availability and useful life of FORM's  products and services, as well as the mix of FORM's  products and services sold; potential competition from other providers and products; FORM's inability to license and monetize FORM's patents, including the outcome of litigation; FORM's inability to develop and introduce new products and/or develop new intellectual property; FORM's  inability to protect FORM's  intellectual property rights; new legislation, regulations or court rulings related to enforcing patents, that could harm FORM's business and operating results; FORM's inability to retain key members of its management team; and other risks and uncertainties and other factors discussed from time to time in our filings with the Securities and Exchange Commission ("SEC"), including FORM's Annual Report on Form 10-K for the year ended December 31, 2015 filed with the SEC on March 10, 2016.  Investors and stockholders are also urged to read the risk factors set forth in the proxy statement/prospectus carefully when they are available. FORM expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.


News Article | February 22, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Feb. 22, 2017) - Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT)(OTCQB:SPLIF)(FRANKFURT:2NU) is pleased to provide the following update on its cannabis extraction business in Pueblo, Colorado. Jim Frazier, CEO of Nutritional High commented - "We are very pleased with the progress to-date in Pueblo and are happy with Palo Verde's initial launch of bulk oil production. With the know-how and assistance of the Nutritional High team, Palo Verde has been making high quality premium oil which should command premium pricing. As we continue to assist Palo Verde in creating efficiencies though streamlined processes, additional high throughput equipment and innovative approaches, we are confident that the Colorado operation will be a great success. We look forward to continuing to work with Palo Verde in the coming months to launch a number of new cannabis oil and edible product lines." Palo Verde LLC, Nutritional High's Colorado licensed tenant and client, is aggressively accelerating bulk oil extraction and sales. With the help of Nutritional High's personnel, Palo Verde has been successfully streamlining its processes to maximize oil extraction yield and developing methods to increase throughput capacity. In this regard, the Company has purchased a state of art distillation plant, manufactured in Germany, which will be leased to Palo Verde and has been delivered to the Pueblo facility. The plant combines a wiped film evaporator and condenser in a single apparatus and is able to process up to 1.5L of oil per hour into distillate. Once installation is complete, Palo Verde's capacity is expected to increase significantly driving additional revenue. The acquisition of this plan is expected to open up another potential business line of processing low quality cannabis oil purchased from other cannabis-infused product manufacturers, into premium high-quality distillate. Palo Verde principal David Johnson commented: "The wholesale price of low quality Butane Hash Oil in Colorado is $10/gram and the wholesale price for distillate oil is estimated at $25-30/gram. With our low cost of production, the economic potential speaks for itself." Nutritional High is also in the process of evaluating various options for additional liquid separation/concentration equipment which will further allow Palo Verde to increase its capacity. In addition to engaging full and part time sales personnel, Palo Verde has made additional progress on the sales front by engaging a third party sales team to aid with packaging and product distribution, aiming to secure its market reach in Colorado and facilitate prompt sales of the products as soon as they are manufactured. The Company has also acquired and leased to Palo Verde filling equipment which will allow Palo Verde to manufacture vape pen cartridges, disposables, gelatin capsules, tinctures and the Dab Sticks. Nutritional High CEO Jim Frazier commented: "This equipment has very high throughput rates and we anticipate that it will give Palo Verde the capacity to capture a significant portion of the Colorado market for these products." It is anticipated that these products will be sold by Palo Verde under the Company's FLI brand. Once Palo Verde has completed its initial roll out of these oil based products, Nutritional High expects to assist Palo Verde in launching various lines of edibles. Product development for these edible products is ongoing. Furthermore, the Company is evaluating different strategies for taking advantage of the infrastructure at its Pueblo facility, including potentially "farming out" the empty warehouses and the vacant land to third parties for constructing cultivation facilities. The Company aims to use innovative technologies to build automated cultivation facilities, which provide consistent and genetically stable products. This will allow Palo Verde to further improve the quality of its cannabis-infused products. Nutritional High is focused on developing, manufacturing and distributing products and nationally recognized brands in the hemp and marijuana-infused products industries, including edibles and oil extracts for nutritional, medical and adult recreational use. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law. For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter, Instagram and Google+ or visit www.nutritionalhigh.com. NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances. Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful. Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.


News Article | March 1, 2017
Site: globenewswire.com

VANCOUVER, British Columbia, March 01, 2017 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE) (FRANKFURT:1A9) (OTC:ASGOF) (“Asante” or the “Company") announces that it has commenced a 1,000 metre drilling program at the MEM showing area on our Keyhole Option, Diaso area, Asankrangwa gold belt, Ghana. The program will test six high priority geophysical IP and resistivity targets recently outlined by our survey team. The first hole, MEM-17-001, was collared to test the moderate IP responses under the old MEM showing and shafts. The hole was abandoned at 43.5m in a very broken and brecciated shear vein, after passing through an old underground working.  The hole was re-collared as MEM-17-001B, steepened to avoid the old workings and is drilling ahead to intersect any down dip extensions of the old MEM workings. Please see recent pictures from the drilling on our web site, Keyhole project page at http://www.asantegold.com/projects/keyhole-option. In addition, the Company and BXC Company Ghana Limited are continuing to work towards closing the previously announced 50:50 joint venture with the Company to develop the Kubi Mining Leases in Ghana towards production. Closing is now expected to take place in stages over the next 30 days: completion of purchase of 30% equity interest in the Company; Ministerial consent to Joint Venture; and funding of Joint Venture. On behalf of the Board, "Douglas R. MacQuarrie" President and CEO About Asante Gold Corporation Asante and BXC are proceeding to develop the Kubi Gold Joint Venture as a potential near term underground mine; and Asante is exploring the Keyhole, Fahiakoba and Betenase concessions, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle. This news release contains statements of forward-looking information (or "FLI") including those in respect of future exploration, joint venture, development, permitting and mining at Kubi and the other properties in which the Company has an interest, financings, requisite shareholder approvals and timing for closing of the options. FLI involves risks and uncertainties which could cause actual results to vary from the FLI. The risk factors that could cause actual results to differ materially include: the risk of failure to obtain sufficient financing; the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineralization; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; accidents, equipment breakdowns, labor disputes or other unanticipated difficulties with or interruptions in production and operations; the availability and costs of suitable toll milling facilities; fluctuating prices of metals and other commodities; currency fluctuations; the possibility of project cost overruns or unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; regulatory restrictions, including environmental regulatory restrictions and liability and the lack of any assurance that the Company will receive all of the necessary governmental title and approvals to proceed with the development of its projects. The material factors and assumptions on which the FLI is based include the extensive Kubi drilling database and current mineral resource estimate, the previously successful permitting, mining, trucking and milling operations at Kubi, the local availability of skilled labor, plant and machinery, and the positive results from previous metallurgical tests on the Kubi Main deposit mineralization.  The Company undertakes no obligation to update FLI except as required by applicable law. Such information represents management's best judgment based on information currently available. Readers are advised not to place undue reliance on FLI. Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.


Trump Administration's vague threats about "greater enforcement" are not material to FRLF's current business model LAS VEGAS, NV--(Marketwired - Mar 1, 2017) - Freedom Leaf, Inc. ( : FRLF) The Marijuana Legalization Company ™ announced today that all of its existing and currently planned US operations would not be affected by any possible "greater enforcement " of laws against "recreational" marijuana. Freedom Leaf CEO Clifford J Perry, explained, "We do not grow or sell recreational marijuana, so the Trump Administration's vague threats about "greater enforcement" are not material to our current business model. Moreover, we are looking abroad for new opportunities in Europe, Israel, and Latin America. Also Freedom Leaf's founders, Clifford J Perry and Richard Cowan will be attending the Barcelona Cannabis Expo, and Perry will also be attending the CannaTech 2017 conference in Tel Aviv. CannaTech showcases the full spectrum of global industry leaders, spanning the fields of science, research, finance, medicine, government policy, tech innovation, agriculture & entrepreneurship, at one outstanding event with a singular focus on cannabis and all the opportunity that surrounds it. Freedom Leaf already has licensees in Spain and The Netherlands, and will be expanding its licensing program domestically and to other countries. As previously announced, Freedom Leaf has entered into a Strategic Joint Venture with NuAxon BioScience to distribute their large capacity supercritical CO2 extraction units. The booming demand for high grade cannabinoid extracts, such as CBD (cannabidiol), can only be met with large capacity extraction devices that are manufactured to maximize efficiency for the Cannabis and Industrial Hemp sector. The industrial hemp harvest is expected to dramatically increase in the US and worldwide. NuAxon BioScience's has 17 years experience in manufacturing and operating large capacity super critical CO2 extraction units with their proprietary 5,000 psi pump that delivers greater economies of scale in the extraction process. Freedom Leaf has also entered into a Strategic Joint Venture distribution agreement with Nisarga Biotech Group of India, for their US Patent Pending proprietary formulas for Ayurvedic medicine. Freedom Leaf, Inc. has the exclusive distribution rights for these formulas, which, combined with CBDs, will create a health enhancing line of skin care and breathable vapor products. "Ayurveda" is one of the world's oldest holistic ("whole-body") healing systems. It was developed more than 3,000 years ago in India. It is based on the belief that health and wellness depend on a delicate balance between the mind, body, and spirit. Its main goal is to promote good health. As a result of this licensing agreement, Freedom Leaf has launched a new marketing program with a series of unique proprietary skin care and herbal vapor products under the hempOLOGYsm Brand, featuring American grown and extracted legal hemp CBD (Cannabidiol). These products are being positioned to expand Freedom Leaf's revenue streams exponentially by monetizing its publishing and digital marketing platforms in two of the fastest growing areas of the booming cannabis/hemp industry. Also, FLI Agency, Freedom Leaf's in house full service creative and marketing agency now has direct merchant banking solutions with a processing company that is successfully doing business with CBD (cannabidiol) products and Marijuana dispensaries. FLI Agency has negotiated broker and agent commission overrides on the merchant business it secures for the processing companies. The commission overrides are paid on a residual basis and have the potential to become a significant revenue source for Freedom Leaf, Inc. Statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by phrases such as Freedom Leaf, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company's products and services, changes in relationships with third parties, and other factors described in the Company's most recent periodic filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K dated June 30, 2016 and quarterly reports on Form 10-Q. Investor relations information can be found on the FreedomLeafInc.com company website.

Loading FLI collaborators
Loading FLI collaborators