Business
Future Farm Provides Fall Update to Shareholders
Future Farm Provides Fall Update to Shareholders.
About this update from Future Farm Technologies Inc
[{"type":"text","content":"\nVancouver, British Columbia, Nov. 20, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Future Farm Technologies Inc. (the “Company,” “Future Farm” or “FFT”) (CSE: FFT) (OTCQB: FFRMF) is pleased to provide an update regarding activities for the calendar year-to-date and plans for the remainder of 2018. The Company’s CEO, Bill Gildea, thanks current and prospective shareholders for their ongoing support.\n Early 2018 was an active period for Future Farm. The Company closed new investments in Florida, Puerto Rico, Rhode Island and Maine, and the market responded positively to this portfolio expansion and diversification. Since that time, Future Farm has primarily focused on increasing shareholder value by integrating these acquisitions, improving operations, and taking advantage of synergies. The Company has successfully raised US$6.34 million of new capital from a fund of Yorkville Advisors over the course of the year to develop and expedite growth in its operations. The summaries below provide a more in-depth update on the Company’s various projects in its four business segments over the year-to-date. CULTIVATION With cultivation projects underway in strategic markets in the U.S. and Canada, Future Farm is positioned to be a leading cultivator of cannabis, including hemp, and other types of produce. The Company’s Build-Own-Operate model, Controlled Environment Agriculture (“CEA”) practices, and adherence to the highest standards position FFT to be a leading producer of cannabis, hemp and CBD products. FLORIDA Future Farm owns a fully operational, approximately 10-acre greenhouse business in Apopka, Florida known as White Sand Nursery (“White Sand”). White Sand currently grows ornamental plants that are sold in large retail stores throughout North America, but the intent is to cultivate cannabis in its greenhouses and outdoor farmland, once fully licensed. White Sand hired Jose Sikaffy in August 2018 as Director of Cultivation in preparation for entering the Florida medical cannabis business. Before joining White Sand, Mr. Sikaffy was Cultivation Director of Remeny/Tredwell Nursery, a Florida licensed medical cannabis facility in Eustis. Mr. Sikaffy graduated from Valencia College in Orlando and holds a degree in plant science and agriculture technology. M...