Loading, Please Wait...
Company Signs Lease With Option to Purchase on a 26,000 Sq. Ft. Location Located on 2.3 Acre in North Las Vegas Nevada
LAS VEGAS, NV--(Marketwired - Mar 8, 2016) - Player's Network, Inc. (
This new building replaces a previously considered building that had less expansion capacity. The leased building sits on a larger land parcel and has ample vertical clearance to allow for a second level, doubling long-term cultivation capacity. Expansion capability becomes increasingly important in the future given that Nevada is expected to pass recreational Marijuana on the 2016 Ballot Question, to go in effect in 2017. The building has already passed its zoning requirements and is scheduled to receive its special use permit on March 9th.
"Our new building is in a great location, affords us the structure to build a first-class facility, and gives us flexibility for the future," said Mark Bradley, CEO Players Network. "Our development team of experts and contracted designers are well underway and by utilizing an existing building we greatly shorten the timeline to being operational. Our intent is to utilize the latest in technology with the objective to design for efficiency, quality products and maximizing revenue."
Bradley added, "We are also very excited to announce that the entire process of building Green Leaf Farms is being filmed by our subsidiary, WeedTV, to be featured as part of a documentary series."
About Player's Network:
Player's Network is a diversified company with holdings in both Media and Medical Marijuana. The Company uses its proprietary Enterprise Web Platform to develop Branded Digital Lifestyle Television Networks for itself and its partners in a wide range of lifestyle categories. Player's Network's current original channels, "Player's Network", "Vegas on Demand", "Real Vegas TV", focus on the Las Vegas and Gaming Lifestyles. These channels are distributed over PNTV's owned and operated VOD Channels over its Broadband Network and Mobile Platforms. The Medical Marijuana assets are primarily through the Company's 80% ownership in Greenleaf Farms Holdings, and PNTV's newest channel, "WeedTV.com", which focuses on the rapidly expanding cannabis community. For more information please visit www.playersnetwork.com.
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.
For further information contact: