Future Farm’s Maine Hemp Farm Successfully Completes State-Mandated THC Testing
October 08 2019 - 8:00AM
via NEWMEDIAWIRE -- Future Farm Technologies Inc. (
CSE:
FFT) (
OTCQB: FFRMF) is pleased to
announce that hemp from the Company’s farm in Hersey, Maine has
passed the state-mandated testing for acceptable (i.e. below 0.3%)
levels of THC.
The favorable testing results illustrate the agricultural
expertise of the Future Farm team. The results also mean that the
farm has cleared the last regulatory hurdle for harvest, which is
planned for mid-October.
As part of the Company’s dedication to quality and adherence to
high standards, Future Farm will next utilize independent
laboratories to test the harvested hemp throughout the drying and
curing processes.
"This milestone is perhaps more significant for us this year
than last year because of the recent Maine law which has made clear
that food products containing CBD that are produced and sold in
Maine are not considered to be ‘adulterated’ under Maine law,”
comments William Gildea, Future Farm’s CEO. “We anticipate robust
sales considering ours is one of the largest farms in Maine, and
we'll be proud to provide quality CBD-based products to the local
community and beyond."
The Company is also pleased to announce that it has set November
25, 2019 as the date of its Annual General Meeting of Shareholders.
The Company has set October 17, 2019 as the record date for notice,
voting and beneficial ownership determination date.
For further information,
visit www.FutureFarmTech.com or 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
About Future Farm Technologies Inc.
Future Farm Technologies is a Canadian public company that is
poised to be a leading supplier of hemp-derived CBD products to
meet the burgeoning demand in the U.S. and global markets. The
Company’s current key initiatives are the cultivation and
processing of its hemp crop growing in Maine, the pursuit of other
hemp-related opportunities throughout the U.S. and the development
of elite strains of cannabis in Canada.
Future Farm’s seasoned management team brings a deep
understanding of operations and agriculture with the financial and
regulatory expertise needed to become an industry leader in the
evolving market for CBD and related compounds.
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 x10
investor@futurefarmtech.com
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