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Future Farm Technologies Inc. (OTCQB: FFRMF) (CSE: FFT) - Breaking News -
January 3, 2018
 


FUTURE FARM CEO PROVIDES UPDATE TO SHAREHOLDERS


VANCOUVER, British Columbia, - January 3, 2018  -- Future Farm Technologies Inc. (OTCQB: FFRMF) (CSE: FFT) (the "Company" or “Future Farm”) is pleased to provide an update to its current and prospective Shareholders regarding the Company’s activities over the past several months, and plans for development in the new year.

Future Farm has experienced a flurry of activity in the past several weeks and the market has responded positively to our continued efforts to create a diversified portfolio of cannabis investments for Future Farm's shareholders. We have successfully raised capital to support the various projects that we are developing throughout North America, including those in California, Maine, Florida, Rhode Island, Puerto Rico and beyond.

Future Farm shareholders have raised $1.4 Million through the voluntary conversion of both its $0.35 and $0.37 warrants from two offerings in 2017, and as most recently announced, the completion of a $4,000,000 private placement with Yorkville Advisors that enables the Company to close on the acquisition of a 10-acre operating greenhouse in Florida.

FLORIDA:
The Florida greenhouse business generated an estimated $2,800,000 USD in revenue and $400,000 USD in EBITDA for 2017. This acquisition represents a major milestone for the Company and positions it in the emerging Florida cannabis market, estimated by some to reach $1 billion in annual sales by 2020. The Company intends to continue operating the greenhouse as is while it applies for licensing as a cannabis cultivator with the State of Florida. The Company is also exploring the possibility of growing hemp on the remaining acreage of farmland to further strengthen its foothold in the hemp-based CBD market.

MAINE:
The Company has already secured more than 220-acres of farmland in Maine with an option for an additional 1,000-acres to grow and process hemp. Future Farm will bring its state-of-the-art, scalable alcohol extraction equipment and know-how to take full advantage of the fast-growing CBD oil market. The Company is also preparing to set up a hemp cloning operation, which will use vertical farming technology pioneered by the Company, to supply over 200,000 clones to the farm in 2018. The hemp clones will also be grown under the Company's Scorpion LED grow lights, which will save on electricity costs and further leverage its in-house technology.

CALIFORNIA:
Future Farm’s subsidiary, FFM Consulting Services, LLC, continues to make and sell cannabis oil out of its California oil extraction facility and is currently in discussions with large distributors whom are requesting pricing on 2,500-kilos of cannabis oil per year. The extraction facility team is using a unique process of running organic grape seed oil in its alcohol extraction equipment, which is capable of large-scale production.

“We are pleased with our progress in California and are excited to be a part of the state’s new recreational cannabis market,” says Bill Gildea, Future Farm’s CEO. “We look forward to the opportunities that California’s recreational market will open up to us in 2018 and beyond.”

California’s recreational cannabis market is forecast to reach over $7 billion in the next few years.

RHODE ISLAND:
Another exciting opportunity is the anticipated closing of a 15,000-sq ft building in Providence, Rhode Island, which is scheduled for January 15, 2018. The building is located in an M-1 zone, meaning it is legally zoned for cannabis cultivation. The Company intends to lease the building to a local, Rhode Island entity that, once licensed by Rhode Island’s Department of Business Regulations, will use the property to cultivate wholesale medical marijuana in order to supply Rhode Island’s state-sanctioned dispensaries.

PUERTO RICO:
Future Farm is in the process of acquiring a controlling interest in five dispensaries in Puerto Rico via the formation of a joint venture with TCG Investments, LLC, owners of the Clinica Verde brand of medical cannabis dispensaries. Future Farm will purchase five pre-qualifications for medical dispensary licenses from Clinica Verde ("Licenses"). Subsequently, the Licenses will be contributed into a joint venture company that will operate under the Clinica Verde brand. Ownership in the dispensaries provides the potential of consistent cash flow while contributing to the expansion of the medical cannabis industry, which is a key driver for the future economic development of Puerto Rico.

RESEARCH ACTIVITIES:
Furthering its investment in the cannabis movement, Future Farm has entered into a 50/50 Joint Venture with Rahan Meristem to breed and propagate elite clones of cannabis. The partnership will develop, own and utilize Rahan's proven and proprietary technology to mass-produce elite clones of cannabis and hemp plants, which will be sold for medical purposes. Future Farm and Rahan intend to create varieties of cannabis with higher levels of THC and CBD, using Rahan's proprietary technology of non-GMO, in-vitro mutagenesis. Rahan shall be responsible for providing the know-how and technology, as well as management and operation of the Project. Future Farm shall be responsible for providing financing and an indoor, air-conditioned laboratory building space located in the United States or in Canada.

OTCQX Uplist:
The Company announced its intentions to uplist from OTCQB to OTCQX last May, and has now begun the application process. To qualify for uplisting onto OTCQX International, companies must be listed on a Qualified Foreign Exchange, meet stringent financial and disclosure standards, and be sponsored by a professional third-party advisor. Uplisting to OTCQX has been part of the Company’s corporate strategy for some time, as it will provide wider visibility amongst the investment community and therefore strengthen stockholder value.

PRODUCE FARMS:
Future Farm continues to collaborate with CBO Financial Inc. and Volunteers of America on the development of produce farms in Baltimore, MD and Mobile, AL. The projects will be designed, financed and constructed in tandem. By bundling the projects together, the parties expect to save on financing fees related to New Market Tax Credits, facility design and engineering, and equipment expenses, including HVAC and LED lighting.

The primary objectives of all three locations (two in MD and one in AL) remain the same — establish economical and environmentally friendly vertical farms; provide job training opportunities (specifically to the VOA’s reentry program for ex-offenders in Baltimore, MD and to the mentally disadvantaged/formerly homeless community in Mobile, AL) as well as to the local communities of both; provide therapeutic programs, which will be expanded to the disabled population; support entrepreneurship development; and establish a model for replication at other reentry and social services facilities.

LED CANADA:
Future Farm’s LED Canada division continues to make significant progress. The LED Canada Showroom build out is complete and fully operational allowing for cost savings from a vertically integrated warehouse and showroom. Demand is increasing for LED Canada's award-winning Scorpion grow light as more licensed growers complete testing. A licensed producer in the USA was able to secure a rebate from its public power supplier for its use of LED Canada Scorpion grow lights, paving the way for savings and large LED purchase orders. Peking University has been using LED Canada grow lights and has shown that they produce the highest yields versus other grow lights tested.

LED Canada is also in the final stages of providing a quote on its LEDs for the previously announced Mobile, AL farm and another farm in development in Massachusetts. Each vertical farm would require 9,000 8-foot LED lamps, which would represent a multi-million-dollar purchase order for each project.

HAMPTONS RESERVE:
Future Farm continues to develop Hamptons Reserve as its in-house brand of premium edibles.

AUGMENTED REALITY:
Finally, the Company is preparing to spin off its newly created augmented reality cannabis company in order to maximize shareholder value. Once spun off, Future Farm’s shareholders will own shares in a new company traded on the CSE, with a singular focus on bringing augmented reality to the cannabis industry.

Future Farm has had a very productive year as far as developing its portfolio of cannabis related businesses. We are positioned to hit the ground running to provide economic value to our shareholders in 2018.

For further information, contact William Gildea, Director, at 617.834.9467.

On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO & Chairman

About Future Farm
Future Farm Technologies Inc. is a Canadian company with projects throughout North America including California, Florida and Maryland. The Company’s business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. 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. The contained system provides many other benefits including 90% less water, fertilizer and land used, less travel costs, seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability. The Company also utilizes a leading cannabis oil extraction technology, which enables the Company to process 20lbs/hour of cannabis plant to yield approximately 908 grams/hour of oil.

The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com, which caters to B2B customers, is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com, which caters to both large and small agriculture green houses and controlled cultivation centers.

The Company recently acquired the exclusive right to use a patented, augmented reality (AR) technology in the cannabis industry. As described in more detail above, the Company has decided to spin this asset off to its shareholders.

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.

For further information, contact:
William Gildea
Director
+617-834-9467
SOURCE Future Farm Technologies Inc.

 

Future Farm Announces Closing Date to Acquire 10-acre Operating Greenhouse in Florida and Closes on $4,000,000 USD Private Placement


VANCOUVER, British Columbia, - December 27, 2017  /PRNewswire -- Future Farm Technologies Inc. (OTCQB: FFRMF) (CSE: FFT) (the "Company" or “Future Farm”) iis pleased to announce that it has set a closing date of January 4, 2018 on its previously announced 10-acre operating greenhouse acquisition, which generated an estimated $2,600,000 USD in revenue and $400,000 USD in EBITDA for 2017. This acquisition represents a major milestone for the Company and positions it in the emerging Florida cannabis market, estimated by some to have $1 billion in annual sales by 2020.

The Company is also pleased to announce that it has secured a $4,000,000 USD investment, its largest investment to date, from Yorkville Advisors Global, LP ("Yorkville"). Proceeds from the private placement will be used to acquire the previously announced 10-acre operating greenhouse in Florida. The business and associated property have been approved at the county level for cultivation and processing of cannabis.

"Although the Florida acquisition has taken longer than anticipated, we see the Yorkville financing and the revenue-generating acquisition in Florida as major milestones for Future Farm and its shareholders since it puts us in one of the fastest growing cannabis and hemp markets in the country," says William Gildea, Future Farm's CEO and Chairman. "We expect that this acquisition will bring Future Farm $2,600,000 USD in revenue and $400,000 USD in EBITDA, which positions the Company for tremendous growth in 2018 and for years to come."

The greenhouse is in a designated legal grow zone with close proximity to Orlando, which has a local population of almost 2.5 million and attracts over 62 million visitors annually, making it a prime location. Shareholders will be excited to know that the farm is much more than a "zoned for cannabis" piece of land, but also a fully operational greenhouse business already in full production. The greenhouse property, which has been family operated since 1959, currently grows ornamental plants sold in big-box stores throughout North America.

The Company intends to continue operating the greenhouse as is while it applies for licensing as a cannabis cultivator with the State of Florida. The Company is also exploring the possibility of growing hemp on the remaining acreage of farmland.

Under the terms of the Yorkville financing, the Company has agreed to enter into two Secured Convertible Debentures, each bearing annual interest at 8% and repayable within 18-months, or convertible into Common Shares of the Company. Debenture No. 1 is in the Principal Amount of US$2,340,000, that amount and any accrued interest can be converted into Common Shares at a price of C$0.30 per share. Debenture No. 2 is in the Principal Amount of US$1,660,000, that amount and any accrued interest can be converted into Common Shares at a price of C$0.60 per share. In connection with the Debentures, the Company has also granted warrants to purchase 6,459,212 Common Shares at an average price of C$0.56 per share. The warrants expire on December 21, 2020.

As further part of this financing, the Company will pay a 10% broker fee to Moody Capital Solutions Inc., of which fee 3% is due to Atlanta Diversified.

On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO & Chairman

About Future Farm
Future Farm Technologies Inc. is a Canadian company with projects throughout North America including California, Florida and Maryland. The Company's business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. 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. The contained system provides many other benefits including 90% less water, fertilizer and land used, less travel costs, seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability. The Company also utilizes a leading cannabis oil extraction technology, which enables the Company to process 20lbs/hour of cannabis plant to yield approximately 908 grams/hour of oil.

The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com, which caters to B2B customers, is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com, which caters to both large and small agriculture green houses and controlled cultivation centers.

The Company recently acquired the exclusive right to use a patented, augmented reality (AR) technology in the cannabis industry. As described in more detail above, the Company has decided to spin this asset off to its shareholders.

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.

For further information, contact:
William Gildea
Director
+617-834-9467
SOURCE Future Farm Technologies Inc.

 

Future Farm Expands Maine Hemp Farm Operation by 100-Acres and Secures Option to Lease an Additional 1,000-Acres


VANCOUVER, British Columbia, - Dec. 21, 2017  /PRNewswire -- Future Farm Technologies Inc. (OTCQB: FFRMF) (CSE: FFT) (the "Company" or "Future Farm") is pleased to announce it has signed a lease agreement for 100-acres in Maine, thereby doubling its previously announced purchase of 120-acres of a licensed industrial hemp farm. As part of the lease agreement, the Company has an option to lease up to an additional 1,000-acres from the Landlord. The land under lease is organic and so all activity, equipment, practices and applications must follow the Organic Guidelines set forth by MOFGA (Maine Organic Farmers and Gardeners Association).

The Company also announces that it is preparing to set up a hemp cloning operation, which will use vertical farming technology pioneered by the Company to supply over 200,000 clones to the farm in 2018. The hemp clones will also be grown under the Company’s Scorpion LED grow lights, which will save on electricity costs and further leverage its in house technology.

As part of the lease agreement Future Farm shall have access to a full line of farming equipment, thereby eliminating the upfront cost of having to purchase the equipment.

“This lease agreement positions us in the hemp farming and CBD business for growing, researching, developing and selling organic hemp and CBD oil, which contain a broad range of cannabinoids used to treat a growing population of CBD oil consumers,” comments Bill Gildea, CEO of Future Farm. “We look forward to a very busy 2018 with our hemp and cannabis operations positioned on both coasts to meet the exploding demand of THC and CBD oil.”

The U.S. annually imports $500 million of hemp and hemp-related products. Hemp is a fast growing, high margin closely-related business to the cannabis business growing at a 22% CAGR currently valued at over $688 million, and estimated to grow to $1.8 billion by 2020 in the USA.

For further information, contact William Gildea, Director, at 617.834.9467.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO & Chairman

About Future Farm

Future Farm Technologies Inc. is a Canadian company with projects throughout North America including California, Florida and Maryland. The Company’s business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. 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. The contained system provides many other benefits including 90% less water, fertilizer and land used, less travel costs, seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability. The Company also utilizes a leading cannabis oil extraction technology, which enables the Company to process 20lbs/hour of cannabis plant to yield approximately 908 grams/hour of oil.

The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com, which caters to B2B customers, is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com, which caters to both large and small agriculture green houses and controlled cultivation centers.

The Company recently acquired the exclusive right to use a patented, augmented reality (AR) technology in the cannabis industry. As described in more detail above, the Company has decided to spin this asset off to its shareholders.

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.

William Gildea, CEO & Chairman
617-834-9467
bill@futurefarmtech.com

Source: Future Farm Technologies Inc.

 

Future Farm Signs First Cannabis Grower From Puget Sound Energy Rebate Program


VANCOUVER, British Columbia, - December 19, 2017  /PRNewswire -- Future Farm Technologies Inc. (OTCQB: FFRMF) (CSE: FFT) (the "Company" or "Future Farm") is pleased to announce that its LED Canada division delivered its Scorpion grow lights to a Washington State licensed cannabis grower and Puget Sound Energy customer. The grower worked with LED Canada to gain access to Puget Sound's money saving rebate program, which will save the grower as much as 50% on his energy bill for using LED Canada grow lights.

"This is a major milestone for Future Farm and its Scorpion grow lights," comments Scott McDermid, LED Canada's manager. "Some of the largest growers in Washington State are finding the Scorpion grow lights to be the best grow lights in the industry." Mr. McDermid continues, "The Company will also be launching an all-in-one home cultivation system using the same Scorpion LED lights for the Canadian market, which is expected to go recreational by July 2018." Under the proposed law, Canadians of legal age will be allowed to grow up to four marijuana plants for their own consumption.

Commercial growers in Washington State have the ability to cut their power bills in half with the use of LEDs and by earning utility rebates for installation.

"Using LEDs is an investment that pays multiple dividends," comments Bill Gildea, CEO of Future Farm. "Growers use roughly half the energy of those growers who use traditional lighting, but LEDs also help lower their cooling bills, a necessity due to the high heat out-put by traditional sodium lights. LEDs are coming on strong in the market right now, and we see a lot of growth potential."

On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO & Chairman

About Future Farm
Future Farm Technologies Inc. is a Canadian company with projects throughout North America including California, Florida and Maryland. The Company's business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. 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. The contained system provides many other benefits including 90% less water, fertilizer and land used, less travel costs, seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability. The Company also utilizes a leading cannabis oil extraction technology, which enables the Company to process 20lbs/hour of cannabis plant to yield approximately 908 grams/hour of oil.

The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com, which caters to B2B customers, is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com, which caters to both large and small agriculture green houses and controlled cultivation centers.

The Company recently acquired the exclusive right to use a patented, augmented reality (AR) technology in the cannabis industry. As described in more detail above, the Company has decided to spin this asset off to its shareholders.

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.

For further information, contact:
William Gildea
Director
+617-834-9467

SOURCE Future Farm Technologies Inc.

 

Future Farm Expands Management Team and Provides Information on Voluntary Shareholder Warrant Conversion


VANCOUVER, British Columbia, - December 14, 2017  /PRNewswire -- Future Farm Technologies Inc. (OTCQB: FFRMF) (CSE: FFT) (the "Company" or "Future Farm") is pleased to announce that it has hired George Groccia as a Project Manager consultant to oversee the Company's many projects in different stages of development.

Mr. Groccia is an Industrial/Organizational Psychologist with a track record of helping businesses grow to their fullest potential. Having earned his MA at Golden Gate University, Mr. Groccia applied his craft as a consultant with Bearing Point, liaising with top executives within Phillips Life Sciences division. A career entrepreneur, Mr. Groccia grew a local business to gain national relevance in the hospitality sector guiding the profitable sale of his company. Passionate about the social and political climate in Boston, Mr. Groccia helped lay the foundation for Boston's first all women ride-share company called Chariot For Women, where it finally came to be known as Safr.

In addition to project management services, Mr. Groccia will also provide Future Farm with organizational and structural support and make recommendations for culture identification and growth.

"We are very pleased to have Mr. Groccia on board," says William Gildea, Future Farm's CEO and Chairman. "Future Farm has many projects in different stages of development and George's skill set is neatly aligned with our needs for maintaining project oversight and accountability."

"I am excited about the opportunity to work with Future Farm," says Mr. Groccia. "I look forward to helping the Company establish best practices and organizational structure for each of its projects."

As previously announced, the Company has raised $1.4 Million through the voluntary conversion of both its $0.35 and $0.37 warrants. Shareholders who have participated in the Company's two offerings in 2017 and have not yet exercised their right to convert the warrants into FFT common stock may still purchase shares at the exercise price of $0.35 or $0.37 per share. The $0.35 per share warrants will expire and be worthless after January 11, 2018. The $0.37 per share warrants will expire and be worthless after March 7, 2018.

Shareholders wishing to exercise their warrants are asked to contact the Company prior to December 20, 2017 by following the instructions below:

Enquiries by email:
Belinda Tyldesley at closingbellservices@gmail.com

Original Warrant Exercise Forms and payment by way of certified cheque or bank draft payable to "Future Farm Technologies Inc." should be delivered to #510-580 Hornby Street, Vancouver, BC V63 3B6 or by wire transfer in Canadian funds to Future Farm Technologies Inc. Wire instructions will be provided upon request.

On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO & Chairman

About Future Farm

Future Farm Technologies Inc. is a Canadian company with projects throughout North America including California, Florida and Maryland. The Company's business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. 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. The contained system provides many other benefits including 90% less water, fertilizer and land used, less travel costs, seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability. The Company also utilizes a leading cannabis oil extraction technology, which enables the Company to process 20lbs/hour of cannabis plant to yield approximately 908 grams/hour of oil.

The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com, which caters to B2B customers, is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com, which caters to both large and small agriculture green houses and controlled cultivation centers.

The Company recently acquired the exclusive right to use a patented, augmented reality (AR) technology in the cannabis industry. As described in more detail above, the Company has decided to spin this asset off to its shareholders.

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.

For further information, contact:
William Gildea,
Director,
+1-617-834-9467

SOURCE Future Farm Technologies Inc.

 

-----------------------------------------------------------------------------------------
About Future Farm Technologies Inc.:

Future Farm is rapidly becoming a leading indoor plant growth technology company specializing in LED lighting and vertical farming solutions.

Future Farm's business model includes developing and acquiring technologies that will further its position as a leader in the evolving Controlled Environment Agriculture (CEA) market for the global production of various types of plants. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. The Company holds a worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generate yields up to 10 times greater per square foot of land. The contained system provides many other benefits including seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability.

Future Farm is also in the business of developing and distributing LED based lighting solutions for both commercial and residential applications. The focus is on delivering cost efficient lighting to North America via advanced e-commerce sites that the Company owns and operates. Future LEDCanada.com website, which caters to all Canadian consumers as well as B2B customers via Contractor and Re-Seller login areas, attracts thousands of customers per month. The Company also owns and operates COBGrowlights.com, which caters to both large and small greenhouses and indoor cultivation individuals. The Company’s Growthstar brand of LED lights have been top rated for almost 5 years and its newest COB and MCOB (Chip on Board and Multiple Chips on Board) technologies are proving to be game changers in the world of “LED Grow Lights” with 50% reduction in power use and many other benefits.

Company Is Focused on Four Key Market Segments

Cannabis
Legal in 28 states
expected to be worth
$50Billion by 2026

LED Lighting
LED Lighting market is $30Billion in 2016
Horticulture LED Lighting Market to Grow at 22.55% CAGR to 2020
Global LED Agricultural Grow Lights Market Worth $1.8 billion by 2021

Food Production
The world needs to produce at least 50% more food to feed
9 billion people by 2050
Vertical Farming Market worth 3.88 Billion USD by 2020

Applications
App Annie says mobile apps will be a
$101 billion industry
by 2020.

Meet The Management Team
William Gildea, Chairman & CEO

Mr. Gildea is the Founder and President of ECAP, LLC, a boutique investment firm committed to transforming environmental concerns into environmental and business opportunities. With over 20 years of experience, he is recognized as a pioneer in the field of environmental insurance and has a strong track record of successfully advancing environmental businesses and projects through effective finance and investment strategies. Mr. Gildea is also a Founder of Converted Organics Inc., a publicly traded company that utilizes a clean technology to manufacture organic fertilizer. Before founding ECAP, Mr. Gildea held senior positions at Connecticut Bank & Trust and Phoenix Investment Counsel. He was also a Founder and Managing Director of Environmental Warranty. Mr. Gildea holds an MBA from Rensselaer Polytechnic Institute.
Craig Stanley, Director

Mr. Stanley is CEO of CBO Financial, Inc., which he founded in 1999 as a financial consulting firm that aids mission driven organizations in the development and financing of projects that revitalize distressed communities. Since then Mr. Stanley and CBO have facilitated investment of $850 million in flexible, below market financing to help transform low income communities and the lives of people who call them home. CBO has received six awards totaling $150M from the U.S. Treasury Department under the New Markets Tax Credit program, in addition to securing 11 additional awards for clients totaling $378M. CBO is headquartered in Columbia, Maryland and serves a nationwide service area including Puerto Rico and Guam.
John Sweeney, Director

Mr. Sweeney brings with him 16 years of direct cGMP (current Good Manufacturing Practices) manufacturing experience in operations of industry leading biotechnology companies including Pfizer, Wyeth, Genzyme and most recently as Vice President of Operations at Tilray, a 60,000 square foot federally licensed Canadian medical cannabis operation on Vancouver Island. He has extensive knowledge and experience in the requirements of regulated manufacturing for commercial and clinical products and served as liaison for auditing regulatory agencies including the FDA and EMA. Mr. Sweeney holds an MS in Engineering Management from Tufts University in Medford, MA and a BS in Biology from the University of New Hampshire, Durham.
Scott McDermid

Mr. McDermid is a Vancouver Real Estate Investor. Scott has an extensive network of real estate investors who own facilities ready to convert lighting to LED.

What Are COB Grow Lights?

COB (Chips on Board) is a new technology of LED packaging for LED light engine. Future Farm Technologies believes its Growthstar “Scorpion” & “Spider” LED lights are the best performance and priced COB grow lights that are on the market today.

Why and How Chip-on-Board (COB) LEDs Reduce Cost and Save Energy in Lighting Designs

LEDs compete with traditional lighting sources in a number of ways, including greater energy efficiency, longer lifetime, and smaller size. However, the one drawback that has vexed many lighting designers is cost, which is a key reason why LED manufacturers continue to innovate to improve economies of scale. One of the newest packaging solutions designed to help lower costs is chip-on-board (COB) light source modules, in which the LED chips are in the form of a semiconductor chip that is neither encased nor connected but directly mounted onto a PCB or, more generally, a substrate. This packaging style also provides several related benefits, such as greater design flexibility, better light distribution, and simpler manufacturing processes.

There are other reasons why designers will want to seriously consider COB LEDs for their next design. In a recent report offered by Research and Markets, analysts note that COB LEDs, which are wide-area light emitters (so they also can be used in highway and streetlights), deliver three major benefits: better color mixing, better lighting effect, and low thermal resistance requirements. In addition, because these COB LEDs provide higher power density, more efficient heat dissipation, and require a smaller portion of the board space, they are very suitable for a variety of general lighting applications, according to the firm’s analysts.

LED Canada is a Canadian LED manufacturer and distributor of commercial grade LED lighting bulbs, fixtures, lamps, retrofits, and more. Since 2010, our Vancouver B.C. location has helped hundreds of Canadian Companies and Individuals achieve significant energy savings. Discover the lesser known benefits of making the switch to LED Lighting today!

Welcome to Canada's source for LED lighting:

Residential
Commercial
Retail
LED Bulbs, Tubes, & Fixtures
Architectural LED Lighting
 

SOURCE: www.futurefarmtech.com




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