Future Farm Plans Cannabis Development Laboratory Build Out in Carpinteria, California
January 29 2019 - 8:00AM
via NEWMEDIAWIRE -- Future Farm Technologies Inc. (the “Company” or
“Future Farm”) (
CSE: FFT) (
OTCQX:
FFRMF) is excited to announce that it is entering the
final planning stages for the construction and operation of a
cannabis research and development facility in Carpinteria,
California. The facility will be one of two locations for the
jointly owned company that Future Farm is in the process of forming
with Rahan Meristem, a world-renowned global
agro-biotechnology company.
The build out consists of construction of the analytical lab,
which will be the core function of the facility, the purchase of
its equipment and the recruitment of researchers. Once work is
completed in late March 2019, the team will commence research in
areas such as cell culture, molecular genetics, analytical
chemistry, phenomic analysis and computation. The team’s findings
and ongoing research are expected to lead to the development of
valuable elite cannabis strains for sale to large growers and to
highly efficient tissue culture production so that the elite
strains can effectively become commercialized.
In addition to direct sales of elite cannabis
strains, the new company will consider licensing the proprietary
technology it is developing to sophisticated cannabis growers
across the globe. The protocols developed will provide the
software, services and processes that set the conditions for elite
clone cultivation on a rapid scale to allow growers to realize the
highest profit margins possible.
For further information, contact William Gildea,
Director, at (888) 387-3761.
On behalf of the Board,
Future Farm Technologies
Inc.
William Gildea, Chairman & CEO
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
888-387-3761
INVESTOR@FUTUREFARMTECH.COM
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