Player’s Network, Inc. (PNTV) Stock Soars, Clips New 52-Week High on Medical Marijuana Licensing News

Holding company Player’s Network, Inc. (OTCQB: PNTV) on May 30 had the sixth highest volume on the OTCQB stock exchange (http://nnw.fm/B8bdC)  after announcing that it had received its medical marijuana licenses to begin cultivation and production operations right away. The trend continued on May 31, when Player’s Network had the 10th highest volume on the OTCQB, up 9.2 percent and closing at $0.070 per share. Following yesterday’s news of a corporate milestone and first revenues, Player’s Network continued to climb, setting a new 52-week high of $0.075 at market close.

In a press release (http://nnw.fm/y8hOK) on Tuesday, Player’s Network said the medical marijuana licenses will allow the company to grow an unlimited amount of plant and to produce marijuana extracts and edible products in its 27,000-square-foot production facility located in North Las Vegas, Nevada. Cultivation and production operations would be conducted by Green Leaf Farms Holdings, LLC, where Player’s Network owns an 85 percent stake. Green Leaf Farms planned to begin planting operations immediately, with rosin and cold-water hash products to be the first products taken to the Nevada market in the near future.

In addition, PNTV followed this up on Thursday by announcing its first revenues and the awarding of Nevada licenses that allow the company to supply recreational marijuana products to …

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