Player’s Network, Inc. announced on May 10, 2018 that it had entered into a binding Letter Of Intent to acquire the assets of a 56,000 sq. ft., fully operational greenhouse complex in Salinas Valley, California licensed for cannabis cultivation. The transaction has now closed and will immediately begin generating significant revenue for PNTV. PNTV paid an initial installment of $1,000,000 in cash to LCG Business Enterprises for the acquired assets, against the full purchase price of $5,000,000. Four additional cash installments are scheduled over the next several months.