Business
Future Farm Signs Building Lease for its Industrial
Future Farm Signs Building Lease for its Industrial.
About this update from Future Farm Technologies Inc
[{"type":"text","content":"\n\n\n\nFuture Farm Signs Building Lease for its Industrial\n\n\n\n\n\nFuture Farm Signs Building Lease for its Industrial\nHemp CBD Oil Production and Propagation in Maine\nPR Newswire\nVANCOUVER, British Columbia, January 30, 2018\n\n\n\nVANCOUVER, British Columbia, January 30, 2018 /PRNewswire/ --\n\nFuture Farm Technologies Inc. (the \"Company\" or \"Future Farm\") (CSE: FFT) (CSE: FFT.CN) (OTCQB: FFRMF) is pleased to announce it has entered into a lease agreement for an initial 12,960 sq. ft. of space in a 60,000 sq. ft. building, with an option to expand and or buy the building. The property is perfectly suited for the cultivation and processing of hemp into CBD oil, as it has high ceilings for vertical growing, a turnkey commercial kitchen and 1,600-amp, 480-Volt 3 phase electric systems.\n\nFuture Farm plans to use this building to germinate 250,000 seeds over the next few months, which then will be planted to meet the summer growing season. The Company expects the seeds to be feminized Cherry Wine hemp CBD strains that test in compliance of hemp laws of having .03% THC or less while averaging 15% CBD. The hemp seeds will also be grown under the Company's Scorpion 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\nAs previously announced, Future Farm has already acquired a 120-acre industrial hemp farm and signed a lease for 100-acres with an option to lease up to an additional 1,000 acres of farmland in Maine. The land under lease is organic and so all activity, equipment, practices and applications must follow the Organic Guidelines set forth by MOFGA (Maine Organic Farmers and Gardeners Association).\n\n\"This building lease agreement positions us in the hemp farming and CBD business for growing, researching, developing and selling organic hemp and CBD oil, which contain a broad range of cannabinoids used to treat a growing population of CBD oil consumers,\" comments Bill Gildea, CEO of Future Farm.\n\nThe market for CBD is poised for expansion due in part to the FDA's acceptance of a New Drug Application submitted by GW Pharmaceuticals plc for Epidiolex®, a d...