This round of funding satisfies all current capital needs for Green Leaf Farms and WeedTV.com
LAS VEGAS, NV--(Marketwired - Dec 8, 2016) - Player's Network, Inc. (OTC PINK: PNTV), a fully reporting publicly traded
diversified holding company operating in Media and Marijuana, announced follow up to 8K regarding additional funding.
On November 21, 2016, PNTV entered into a funding agreement with a private group of investors in the form of a promissory
note. As of the date of this release, PNTV has received $659,000 of the initial $925,000 with the final payment of $266,000 due
on December 15, 2016. Part of the investment includes warrant coverage approximately 350% above market prices when executed. PNTV
will receive an additional $3,739,200 in direct capital. PNTV extended additional options of $3 Million dollars as a direct
equity investment with $1.5 Million exercisable in April and another $1.5 Million exercisable in May 2017.
"We are very excited to have pro-active, long term investors into PNTV," said CEO Mark Bradley. "This investment is in
addition to the previous commitments of $2.5 Million which we disclosed in our September 28th shareholder update. This round of
funding pushes us over the edge in regards to the capital needs of all our existing projects."
About Player's Network:
Player's Network is a diversified company with holdings in 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 86% 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 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 and services, 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.