LAS VEGAS, April 17, 2018 (GLOBE NEWSWIRE) -- Player’s Network, Inc. (OTCQB:PNTV), a publicly traded diversified holding company operating in
marijuana, announced it has joined with eight publicly traded marijuana companies to applaud
recent pronouncements from President Trump that he will support a legislative solution to protect states’ ability to regulate
marijuana within their own borders.
PNTV leaders Brett H. Pojunis (Director) and Geoffrey Lawrence (CFO) authored an open letter titled “Trump Makes America Cannabis Great Again,” which included commentary from eight other U.S.
publicly traded marijuana companies. The other companies include: MJ Holdings, Inc. (OTCQB:MJNE), CLS Holdings USA, Inc. (OTCQB:CLSH), MediaTechnics Corporation (OTC PINK:MEDT), MJ Venture Partners, Inc. (OTC:MJVP), mCig, Inc. (OTC:MCIG), Advantis Corporation, (OTC PINK:ADVT), and Nightfood Holdings, Inc. (OTC:NGTF).
This open letter notes this decision by President Trump will create confidence in American cannabis companies
and bring investment dollars home from foreign markets.
Below is a summary, the full article can be read at:
https://ir.playersnetwork.com/trump-makes-american-cannabis-great
Trump Makes American Cannabis Great Again
Investor confidence improves as U.S. Cannabis stocks can compete with Canadian stocks, again.
- Investors concerned about the uncertainty of investing in U.S. stocks have kept their money on the sidelines or have flocked
to Canada, until now
- Marijuana Stocks up since the announcement
- Investors feel this will stabilize and help grow the cannabis industry
- Former Speaker of the United States House of Representatives John Boehner and former two-term Governor of the State of
Massachusetts Bill Weld enter the Cannabis Industry
U.S. Publicly traded marijuana companies praise Trump’s to decision to protect the marijuana industry. They also welcome former Speaker of the United States House of
Representatives John Boehner and former Governor of the State of Massachusetts Bill Weld into the Cannabis Industry!
Both news items are fantastic for U.S. publicly traded marijuana companies!
Ever since U.S. Attorney General, Jefferson Beauregard Sessions, rescinded an Obama-era policy used as a protection for states that have legalized marijuana,
U.S. marijuana stocks have decreased significantly and have continued on a downward trend. Meanwhile, our neighbors to the
north have seen significant increases in Canadian-based marijuana stocks.
John Boehner used to oppose marijuana legalization while he was Speaker of the House, but said his thinking has
evolved! Boehner said “I’m convinced de-scheduling the drug is needed so we can do research, help our veterans, and reverse the
opioid epidemic ravaging our communities.”
Bill Weld, two-term Governor of Massachusetts and 2016 Libertarian candidate for Vice-President has been an
advocate of legalizing marijuana for a while. Legalization/decriminalization of Marijuana has been a primary issue for the
Libertarian Party since its inception in December 1971.
Last week, President Trump became the first executive in decades to support federal legislation to empower
states to regulate marijuana within their own boundaries. When Attorney General Jeff Sessions rescinded the Cole
Memo earlier this year, it caused panic within otherwise orderly marijuana markets and caused investors to flee to foreign
markets like Canada. Stock prices for publicly traded marijuana companies in Canada have soared. Meanwhile, the few
trailblazing American firms that have striven to abide all federal securities laws while also producing marijuana within the
guidelines of state licensing structures have seen investors grow weary.
Fortunately, Sen. Cory Gardner (R-CO) took a bold stance to protect his state’s growing industry. Gardner began blocking all
appointments to the Department of Justice until the DOJ recognized that only the State of Colorado has authority to regulate
marijuana within Colorado’s boundaries. On Friday, Gardner prevailed. After speaking directly with the president,
Gardner told the press, “President Trump has assured me that he will support a federalism-based
legislative solution to fix this state’s rights issue once and for all.” The statement was later confirmed by the White
House.
Now marijuana entrepreneurs and investors who had been intimidated by federal overreach can be assured that
American cannabis companies are poised to become world leaders in the emerging global industry. As Pres. Trump and Sen.
Gardner work to craft a legislative fix, we believe smart money will start pouring into American marijuana businesses.
All due respect to Canada, but we believe American firms can and should produce the best, safest marijuana
products in the world. As leaders of public marijuana companies in the U.S. operating in compliance with all state
requirements as well as federal securities laws, we envision a thriving industry that puts tens of thousands of Americans to work
and produces new wealth for generations to come.
We applaud Sen. Gardner for his valiant tenacity and President Trump for recognizing what is clearly intended by
the Interstate Commerce Clause to the U.S. Constitution. Our nation is better when each state is free to create its own laws
and cater to its unique population.
We hope this action makes American cannabis great again and creates new opportunities for Americans to pursue
their own happiness.
Visit this link to view the full article: https://ir.playersnetwork.com/trump-makes-american-cannabis-great
Additional commentary from executives of U.S. publicly traded marijuana companies:
- Paul Rosenberg, CEO of mCig Inc. Symbol: MCIG “The age of prohibition is dying and the American public knows
it. Nearly two-thirds of Americans support full legalization of marijuana and many wonder why it was ever outlawed in the
first place. Now, finally, our political leaders have gotten on board and will allow the safe, legal market to grow and
thrive.”
- Andrew Glashow, Director of CLS Holdings USA, Inc. (OTCQB:CLSH) “We are pleased that it appears
President Trump and Senator Gardner have come to an understanding of cannabis being regulated by the states. We are hopeful
that this will lead to federal legislation for the legalization of cannabis and US businesses to succeed in the global
marketplace.” Andrew J Glashow Board Member.
- Jason Scheurer, Director of MJ Venture Partners, Inc. (OTC: MJVP) “Many people have been negative on
President Trump, however, Trump's recent decision to allow innovation and investment to proceed in the American cannabis industry
so far has been greater than any former President. We are proud our grow local, sell local cannabis is made in the USA
employing more Americans nationally than the U.S. coal industry. Our leaders in Washington D.C. should understand that the winds
of change are now in favor of national legalization."
- Sean Folkson, CEO, Nightfood Holdings, Inc. (OTC:NGTF) “While there are sure to be additional twists and
turns in the coming months and years, I think everybody can clearly see that legalization and regulation are inevitable. We
view this as good for consumers, good for the economy, and good for long-term investors in the space.”
- Paris Balaouras, CEO of MJ Holdings Inc. Stock Symbol: MJNE "We’re ecstatic that Pres. Trump and
congressional leaders have finally come together to allow American marijuana businesses to succeed in the global
marketplace."
- Jeremy Carr, CEO and Founder of BlazeNow, Stock Symbol: MEDT "It's great to see Republicans and Democrats
coming together on such an important issue. The emerging consensus in Washington regarding state sovereignty over marijuana
regulation is one of the few areas receiving truly bipartisan support. Eventually, the U.S. is likely to follow Canada with
federal legalization, but until that time this is a very positive step."
- Darren Chery, CEO of Advantis Corporation, Stock Symbol: ADVT “There is no greater jobs act that
Washington could enact than allowing people to invest freely into marijuana businesses operating in states where marijuana is
legal. I’m thrilled to hear that Pres. Trump will support this rapidly growing industry into the foreseeable future.”
About the Authors
Brett H. Pojunis @pojunis
Director of Player’s Network, Inc. (Symbol: PNTV) &
CEO of MJ Venture Partners, Inc. (Symbol: MJVP)
Brett is a die-hard Libertarian and served two-terms as Chairman of the Libertarian Party of Nevada, two-terms on the Libertarian
National Committee and continues to be a strong advocate for marijuana. He is an entrepreneur in the marijuana industry.
Geoffrey Lawrence @GLawNV
CFO of Player’s Network, Inc. (Symbol: PNTV)
Geoffrey spent more than a decade in free-market think tanks where he championed the legalization of capitalism in general,
including marijuana. Geoffrey last served as senior appointee to the Nevada State Controller’s Office after spearheading
Republican efforts in the Nevada Legislature.
Geoffrey is also the host of Geoff’s Sessions, a weekly cannabis-themed news show on WeedTV.
To sign up for PNTV investor alerts, please visit: https://ir.playersnetwork.com/investor-alerts
About Player’s Network (PNTV)
Player’s Network is a diversified company operating in media and cannabis markets. PNTV owns
approximately 89% of Green Leaf Farms Holdings, LLC (Green Leaf Farms), which holds cultivation and production license(s) awarded
by the state of Nevada. The cultivation license enables Green Leaf Farms to grow marijuana and the production license enables them
to create extracts which are used for cartridges, oils and edibles. WeedTV.com is developing the ultimate resource for the
marijuana lifestyle within our media operations.
For more information please visit www.PlayersNetwork.com
Please visit our Investor Relations site https://ir.playersnetwork.com
Sign up for PNTV investor alerts: https://ir.playersnetwork.com/investor-alerts
Forward-Looking Statements
This release contains 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. All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof.
In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking statements.
Player’s Network Contacts:
United States Media & Investor Inquiries:
Brett H. Pojunis, Director
Email: ir@playersnetwork.com
Office: 702.840.3272
PR & Media Contact:
Matthew Bird, CEO
@1800pr
1-800-PublicRelations
Office: 646.401.4499
Email: matt.bird@1800pr.com
European Media Inquiries:
Jeff Robinson
Email: jrobinson@playersnetwork.com
Office: 702.840.3298