Business
Future Farm Hires RwE In Preparation For Spin Off Of New Augmented Reality Cannabis Company
Future Farm Hires RwE In Preparation For Spin Off Of New Augmented Reality Cannabis Company.
About this update from Future Farm Technologies Inc
[{"type":"text","content":"\n\n Vancouver, British Columbia, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that it has engaged RwE Growth Partners Inc. to conduct a business valuation and fairness opinion on its recently acquired augmented reality asset (see links to Augmented Reality Presentation and Demo Video).  The work is being done in preparation for a stock dividend, which will be issued to shareholders of record upon spin off that is expected to occur within the next 120 days. \n “We believe that in order to maximize shareholder value, spinning off this asset is in the best interest of our shareholders,” comments William Gildea, CEO of Future Farm. “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.”  The augmented reality market is set to grow substantially in the near future as companies such as Apple, Google, Microsoft, and Intel are now aggressively launching software and hardware to support this dynamic and fast growing industry. Once the spin off is complete, Future Farm shareholders will own shares in a newly formed company occupying a valuable niche in the cannabis market with augmented reality enhanced packaging as well as an ad-tech driven platform for dispensaries.  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, w...