Future Farm Maine Prepares to Bring Elite Cherry Wine Hemp Seeds to Market and Begins Test Operation of CBD Oil Extraction Eq...
January 23 2019 - 8:00AM
via NEWMEDIAWIRE -- After a successful 2018 hemp harvest at its
farms located in Hersey and Amity, Maine, Future Farm Technologies
Inc. (the “Company” or “Future Farm”) (
CSE: FFT) (
OTCQB:
FFRMF) is currently putting systems in place to begin selling
its close to two million Cherry Wine strain hemp seeds. Future Farm
chose to grow the elite Cherry Wine strain due to its outstanding
genetic stability and high propagation rates. As the harvested
seeds continue to dry and cure, Future Farm is in the process of
independently testing propagation rates and feminization of the
seeds. The Company expects to complete that work and begin selling
seeds by mid-March, the first month of its 2020 fiscal year.
In addition to preparing its valuable seeds for market, Future
Farm has now completed installation of its ethanol extraction
equipment at its facility in Belfast, Maine. It is currently
conducting test runs of the equipment. Once that testing is
completed, the Company plans to use the equipment to convert the
bulk of its 20,000 pounds of hemp biomass into CBD oil for sale to
manufacturers of CBD-based products. Future Farm expects to be able
to provide more guidance on the amount of oil it will produce and
the revenue it can expect from that oil after it completes
production testing and further develops its marketing and sale
effort.
For further information, contact Investor
Relations at investor@futurefarmtech.com or (888)
387-3761 Ext. 710.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, Chairman and CEO
https://futurefarmtech.com/?p=757
About Future Farm Technologies
Inc.
Future Farm is a Canadian company with holdings
throughout North America including California, Massachusetts,
Florida, Maine, Puerto Rico and Newfoundland. The Company’s mission
is to advance sustainable agriculture through production of
wholesale and retail cannabis products, including hemp. As a leader
in its field, Future Farm is committed to using only the highest
quality processes and products. Towards this goal, the Company
acquires or partners with licensed cannabis operators, and acquires
or develops leading technologies in cannabis production, breeding,
genetics, and Controlled Environment Agriculture (CEA). Future
Farm’s scalable, indoor CEA systems utilize minimal land, water and
energy resources. The Company holds an exclusive, worldwide license
to use a patented vertical farming technology that, when compared
to traditional plant production methods, generates yields up to 10
times greater per square foot of land.
Neither the Canadian Securities Exchange nor its
Market Regulator (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release. The Canadian Securities
Exchange has not in any way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents
of this press release.
This news release may include forward-looking
statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to
be considered forward looking. Although the Company believes
the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business
conditions. There can be no assurances that such statements
will prove accurate and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements except as
required under the applicable laws.
Investor Relations
8883873761
INVESTOR@FUTUREFARMTECH.COM
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