Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that it has received two licenses from the US State of Maine, through the Companys subsidiary, Future Farm Maine, LLC, for the cultivation of industrial hemp in 2019.
One license covers its Amity and Hersey, Maine farms and the other is for the Belfast, Maine processing facility.
This is an important achievement for Future Farm in the United States, marking our second year of hemp farming in Maine and signifies our sustainability in the states agricultural footprint, says William Gildea, CEO of Future Farm. Our success and leadership in 2018 uniquely position Future Farm to continue as one of the leading growers of high-quality hemp-for-wellness products in the Northeast.
Future Farm Maine will use the existing Belfast building to germinate an estimated 250,000 hemp seeds over the next few months, which will then be planted on 100 acres of prime farmland to meet the summer growing season at the Amity and Hersey farms.
Future Farm Maine plans to leverage the Cherry Wine seeds from its 2018 harvest as the primary cultivar planted. Visit https://www.futurefarmshop.com/ to place an order. Once harvested, the hemp will be dried and further refined into CBD oils and other products for sale to makers of edibles, creams and lotions who require naturally produced, very high quality ingredients.
For further information about Future Farm Technologies, contact Investor Relations at firstname.lastname@example.org or (888) 387-3761 ext. 710.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO
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 Farms 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.