Players Network (OTCMKTS:PNTV) released a shareholder update from CEO Mark Bradley, who highlighted numerous corporate achievements and offered a corporate outlook for 2017. The CEO said that they have started strong in 2017, and they are glad to offer an update of numerous major milestones company has achieved in the marijuana and media spaces.
The momentum continues to establish, and they project to continue this development thanks to many opportunities offered by preliminary financing of their assignments in both of these extensive industries. In 1Q 2017, Players completed its up listing to OTCQB platform. While company has been fully reporting, the up listing to the OTCQB platform offers the opportunity to attract and establish a greater investor base as they continue to expand their operations.
Players has an 86% stake in Green Leaf Farms Holdings marijuana subsidiary, which owns a special use license for production and cultivation license given by the city of North Las Vegas and Nevada. GLFH has obtained its Certificate of Occupancy for a part of its facility, marking a major achievement for Phase I of the assignment.
The company hired Grow Contractors to develop and manage the construction of GLFH’s production and cultivation facility. Despite numerous regulatory hurdles, Players are now about to complete Phase 1 and Phase 2.
This initial phase of construction covers common area of almost 6,000 square feet, comprising offices, security, storage, reception, a production lab and two cultivation rooms, as well as drying, vault, nutrient mixing, packaging rooms and trim.
The first phase will enable GLFH to start operations and record revenue via the sales of cold water hash and Rosin following final state nod. Phase 2 of the construction comprises a part of pen grow flowering space and 50% numerous smaller vegetation spaces.
These assignments take considerable diligence and work, and the management appreciate company’s association with Grow Contractors.