Tickers: XCNQ:FFT, PINX:FFRMF
Tags: #MedicinalMarijuana
Buyers from Across US Take Advantage of First-Time Discount Pricing on Elite Cultivar
March 14, 2019 / TheNewswire / Vancouver, British Columbia - Future Farm Technologies Inc. (the "Company" or "Future Farm") (CSE: FFT) (OTCQB: FFRMF) is pleased to report that, just weeks after it completed preparation of Cherry Wine seeds from the 2018 harvest and began offering them for purchase, seed sales are now over $40,000 USD.
The approximately 25,000 seeds were sold through the Company's US subsidiary, Future Farm Maine, LLC. With more than 1 million of these valuable Cherry Wine hemp seeds available for purchase at FutureFarmShop.com, and the Company's recent success being awarded three additional industrial hemp cultivation licenses from the State of Maine, Future Farm is positioned to be a leading supplier of a very valuable cultivar to farmers looking to grow hemp for CBD. Once laboratory testing confirms that the seeds are verified as feminized, the price per seed will increase by $0.50 USD. This planned price increase gives farmers an incentive to buy early. Lab results are expected by the beginning of April 2019.
"So far, we have sold seeds to farmers in a number of states, including here in Maine, as well as Pennsylvania, West Virginia and Vermont," says Zak Lapan, General Manager of Future Farm Maine. "The recent launch of our seed sales website has resulted in increased inquiries from farmers in the US, Canada, Europe and Africa. We are actively pursuing all potential opportunities."
Visit https://www.futurefarmshop.com/ to place an order.
For further information about Future Farm Technologies, contact Investor Relations at investor@futurefarmtech.com 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 Farm's outstanding management team put it in a strong position to grow its existing businesses and through acquisitions and joint ventures.
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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.
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