Future Farm Signs Agreement With Full-Service Hemp Lab and CBD Oil Processing Company
May 14 2019 - 8:00AM
via NEWMEDIAWIRE -- Future Farm Technologies Inc. (the “Company” or
“Future Farm”) (
CSE: FFT) (
OTCQB:
FFRMF) is pleased to announce that it has signed an
agreement with Northeast Processing (“NEP”), a
Vermont-based hemp processing company, to process, test and package
all of the hemp grown by Future Farm on 100 acres in Maine in
2019.
NEP will have the capacity to process hemp biomass from Future
Farm into top quality whole plant extract, CBD distillate and CBD
isolate in less than four months. Future Farm is now actively
building its pipeline of customers who need full spectrum extract,
distillate or isolate as the key ingredient for health and wellness
consumer products in the rapidly growing market for those
goods. The agreement with NEP will allow Future Farm to
provide its customers the premium ingredients they need quickly and
cost-effectively.
Future Farm believes that NEP’s state-of-the-art
facility in Brattleboro, combined with its experienced,
sophisticated management team, are an outstanding addition to
Future Farm’s plan to grow its hemp-for-wellness business
significantly in 2019 and beyond.
“This is an exciting relationship for us to build
on as we begin our 2019 season,” comments William Gildea, CEO of
Future Farm. “This partnership with Northeast Processing allows for
a scalable, efficient approach to processing, ensuring that our
biomass receives the fastest, most reliable care the northeast has
to offer. It also positions Future Farm, once again, as an
innovator in the rapidly growing demand for the sophisticated
hemp-for-wellness customer base.”
For further information, contact William Gildea,
Director, at (888) 387-3761.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO
https://futurefarmtech.com/?p=851
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 x710
INVESTOR@FUTUREFARMTECH.COM
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