Business
Future Farm Receives Three Industrial Hemp Licenses For 2018
Future Farm Receives Three Industrial Hemp Licenses For 2018.
About this update from Future Farm Technologies Inc
[{"type":"text","content":"\n\n\n\nFuture Farm Receives Three Industrial Hemp Licenses For 2018\n\n\n\n\n\nFuture Farm Receives Three Industrial Hemp Licenses For 2018\nPR Newswire\nVANCOUVER , British Columbia, February 15, 2018\n\n\n\nVANCOUVER , British Columbia, February 15, 2018 /PRNewswire/ --\n\nFuture Farm Technologies Inc. (the \"Company\" or \"Future Farm\") (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that its subsidiary, Future Farm Maine, LLC, has received three licenses from the State of Maine for the cultivation of industrial hemp in 2018. Future Farm Maine received one license for each of its Amity and Hersey farms, as well as one for the Belfast processing facility.\n\nMr. Bill Gildea, CEO of Future Farm, comments, \"We are thrilled to have received these three licenses to operate our industrial hemp business in Maine and are excited to build our high value, vertically integrated industrial hemp farm and CBD oil production facility in 2018.\"\n\nAs recently announced, the Company signed a lease agreement for an initial 12,960 sq. ft. of space in a 60,000 sq. ft. building, with an option to expand or buy the building. Future Farm Maine will use the Belfast building to germinate 250,000 hemp seeds over the next few months, which then will be planted to meet the summer growing season at the Amity and Hersey farms. With over 100 organic certified acres ready to plant and an additional 1,000 acres available for expansion, Future Farm Maine is poised to be the largest hemp farm in the North East.\n\nFuture Farm Maine plans to use feminized seeds of the highest quality, CBD strains in the industry that test in compliance of hemp laws of having .03% THC or less while averaging 15% CBD. The hemp seeds will also be germinated under the Company's LED grow lights, which will save on electricity costs and further leverage its in-house technology. Once harvested, the hemp will be dried and further refined using Future Farm's high output oil processing equipment creating both CBD oil and high value isolate for making edibles, creams and lotions.\n\nFuture Farm is also pleased to announce that it has engaged Mr. Zachary Lapan to oversee the Company's Maine cultivation and processing operations. Mr. Lapan has worked closely with Derek Ross providing operational oversight for ten years. Mr. Lapan has deep community and agricultural ties to Maine, and i...