Business
Future Farm Bringing Augmented Reality to the Cannabis Industry Under Exclusive License to Patented IP
Future Farm Bringing Augmented Reality to the Cannabis Industry Under Exclusive License to Patented IP.
About this update from Future Farm Technologies Inc
[{"type":"text","content":"\n\n\n\nFuture Farm Bringing Augmented Reality to the Cannabis Industry Under Exclusive License to Patented IP\n\n\n\n\n\nFuture Farm Bringing Augmented Reality to the Cannabis Industry Under Exclusive License to Patented IP\nPR Newswire\nVANCOUVER, British Columbia, September 28, 2017\n\n\n\nVANCOUVER, British Columbia, September 28, 2017 /PRNewswire/ --\n\nFuture Farm Technologies Inc. (the \"Company\" or \"Future Farm\") (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that it has signed a license agreement with AR E1, LLC (\"ARE1\") wherein the Company has acquired the exclusive right to use ARE1's patented technology in the cannabis industry. Future Farm and ARE1 will work together to merge augmented reality (AR) and ad-tech with the cannabis industry through the CannaCube Live™ platform. This transaction brings both an impressive portfolio of intellectual property as well as a very experienced development team whom have created over 300 AR apps for major clients like: Disney, Coca Cola, Colgate, Toyota, Kellogg, AT&T, General Motors, Ford, Pirelli, FedEx, Chevrolet, as well as many other blue chip clients.\n\nSee Demo of \"FFT\" Cube Here: https://youtu.be/D8jh2g0Hy2g\n\nAn overview of the business model is available for download on Future Farm's website or by using the following link: https://futurefarmtech.com/wp-content/uploads/2017/09/ARE1-FFT-9-23-17.pdf\n\n\"With this AR platform, we have a first mover advantage in the cannabis market,\" says William Gildea, CEO of Future Farm. \"The AR market is estimated to grow to a $120 billion industry by 2020.  This is a major opportunity for Future Farm to be at the forefront of this fast growing technology and merge it with cannabis, another of the fastest growing market sectors in the world.\"\n\nThe AR market is set to explode from a $10 billion market today to $120 billion over the next two years as Apple, Google, Microsoft, and Intel are now launching software and hardware to support this dynamic and fast-growing industry.  Future Farm is aiming to carve out its niche in the cannabis market with augmented reality enhanced packaging for branding as well as an ad-tech driven platform where dispensaries, cultivators, processors and others will use its AR platform to create a richer customer experience in stores, on the farm and at home.\n\nEric Koenig, fo...