Future Farm Maine Prepares for its 2019 Growing Season
April 30 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 begun
preparations for the propagation of its 2019 hemp-for-wellness crop
in Belfast, Maine. The Company will be growing its Cherry Wine
cultivar over 100 acres of farmland in Hersey, Maine, but is first
propagating the plants indoors at the Belfast facility.
Future Farm expects to harvest over 120,000 pounds of biomass
this season, with each plant producing approximately one pound of
biomass. Planting on 100 acres requires a tremendous amount of
planning to align labor, care for the plants at each stage,
preparation of the field, and transplanting of the seedlings.
Future Farm is planning to have the biomass from its Maine
operations processed into full spectrum hemp oil, CBD distillate
and CBD isolate for sale to manufacturers of products using those
valuable ingredients. Building on its ongoing successful seed
business, the Company projects that it will produce over two
million hemp seeds in 2019, almost double the production of its
2018 inaugural season. This plan positions Future Farm to be
among the largest suppliers of high-quality hemp seed in the
Northeast United States.
“We have been focused on caring for the seeds we
are about to grow since we harvested them in 2018 because they have
outstanding genetics that provide high propagation rates and high
CBD content,” comments Zachary Lapan, General Manager of Future
Farm Maine. He continues, "It's always exciting for me, as a farmer
and a manager, to see that first sprout.”
For further information, contact William Gildea,
Director, at (888) 387-3761.
On behalf of the Board,
Future Farm Technologies
Inc.
William Gildea, 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 x710
INVESTOR@FUTUREFARMTECH.COM
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