Future Farm Provides Update on Florida Operations
May 30 2019 - 8:00AM
via NEWMEDIAWIRE -- Future Farm Technologies Inc. (the “Company” or
“Future Farm”) (
CSE: FFT) (
OTCQB:
FFRMF) is pleased to announce that operations are in full
swing at White Sand Nursery in Apopka, Florida.
Shipments of three truckloads per week of spring accent plants
began in March to one of White Sand’s largest customers. As of the
first week in June, a total of approximately 850,000 3.5” plants
will have been shipped. The revenue from these shipments will be
approximately US$500,000 against expenses of about
US$75,000.
In addition to the spring sales, pre-booked orders
for approximately 845,000 plants from customers across the United
States are being prepared for the fall season. These plants will be
placed into containers around a poinsettia for the Christmas
holiday season.
“I am pleased with the achievements that
management has made at White Sands,” comments William Gildea, CEO
of Future Farm. “It is exciting to see truckloads of our
high-quality products going out the door looking healthier than
ever before.”
For further information, contact Investor
Relations at (888) 387-3761 ext. 710.
On behalf of the Board,
Future
Farm Technologies Inc.
William Gildea, CEO
https://futurefarmtech.com/?p=861
About Future Farm Technologies
Inc.
Future Farm Technologies is a diversified Canadian
company focused on the emerging cannabis market with holdings
throughout North America including California, Massachusetts,
Florida, Maine, Puerto Rico and Newfoundland. Future Farm is
operating or developing cultivation, processing, retail and
technology/breeding innovation businesses in both the marijuana and
hemp-for-wellness segments of the cannabis market. The Company also
has significant experience in sustainably growing organic produce
indoors and is developing opportunities in that market. The deep
operational, financial and regulatory expertise of Future Farm’s
outstanding management team put it in a strong position to grow its
existing businesses and through acquisitions and joint
ventures.
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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