Freedom Leaf Inc. announced that it entered into a definitive agreement to acquire ECS Labs LLC, including its two wholly-owned operating subsidiaries, which collectively constitute the Green Lotus premium hemp oil products brand. The acquisition is subject to customary closing conditions and is expected to close on or before May 27, 2019. Conditioned upon and effective as of the closing of the acquisition, Carlos Frias will become Chief Executive Officer of the company, and Carlos Frias and Daniel Nguyen will join the Board of Directors of the company.