Business
Future Farm Sets Closing Date for ri Building Zoned for Cannabis; Receives $1.4 Million in Warrant Conversions; and Provides Update on Voluntary Shareholder Warrant Conversion
Future Farm Sets Closing Date for ri Building Zoned for Cannabis; Receives $1.4 Million in Warrant Conversions; and Provides Update on Voluntary Shareholder Warrant Conversion.
About this update from Future Farm Technologies Inc
[{"type":"text","content":"\n\n Vancouver, British Columbia , Dec. 12, 2017 (GLOBE NEWSWIRE) -- Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that the closing date for the previously announced acquisition of a 15,000 sq ft building in Providence, Rhode Island for $750,000 is set for January 15, 2018.  The building is zoned to legally cultivate cannabis and, once licensed, will be used as a licensed medical marijuana cultivation space wholesaling to state-sanctioned dispensaries. \n The Company is also pleased to announce that $1.4 Million has been raised through the voluntary conversion of both its $0.35 and $0.37 warrants. Shareholders who have participated in the Company’s two offerings in 2017 and have not yet exercised their right to convert the warrants into FFT common stock can still purchase shares at the exercise price of $0.35 or $0.37 per share. The $0.35 per share warrants will expire and be worthless after January 11, 2018, which leaves 20 trading days to exercise. The $0.37 per share warrants will expire and be worthless after March 7, 2018, which leaves 46 trading days to exercise. Shareholders wishing to exercise their warrants are asked to contact the Company prior to December 20, 2017 by following the instructions below: Enquiries by email: Belinda Tyldesley at [email protected] Original Warrant Exercise Forms and payment by way of certified cheque or bank draft payable to “Future Farm Technologies Inc.” should be delivered to #510-580 Hornby Street, Vancouver, BC V63 3B6 or by wire transfer in Canadian funds to Future Farm Technologies Inc.  Wire instructions will be provided upon request. 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 ut...