Business
Future Farm to Acquire a Controlling Interest in Five Dispensaries
Future Farm to Acquire a Controlling Interest in Five Dispensaries.
About this update from Future Farm Technologies Inc
[{"type":"text","content":"\n\n\n\nFuture Farm to Acquire a Controlling Interest in Five Dispensaries\n\n\n\n\n\nFuture Farm to Acquire a Controlling Interest in Five Dispensaries\nPR Newswire\nVANCOUVER, British Columbia, October 26, 2017\n\n\n\nVANCOUVER, British Columbia, October 26, 2017 /PRNewswire/ --\n\nFuture Farm Technologies Inc. (the \"Company\" or \"Future Farm\") (CSE: FFT) (OTCQB: FFRMF) is pleased to announce a new joint venture between Future Farm and TCG Investments, LLC, owners of the Clinica Verde brand of medical cannabis dispensaries (\"Clinica Verde\"). Future Farm will purchase five pre-qualifications for medical dispensary licenses from Clinica Verde (\"Licenses\"). Subsequently, the Licenses will be contributed into a joint venture company that will operate five medical cannabis dispensaries in Puerto Rico under the Clinica Verde brand. Clinica Verde has already established itself as the leading medical cannabis dispensary operator in Puerto Rico, with five additional operating dispensaries.\n\nLink To Clinica Verde Dispensaries: Clinica Verde Homepage\n\nFuture Farm has been working for several months on this exciting opportunity to own an interest in five dispensaries, which have the potential to provide consistent cash flow. While Hurricane Maria's devastation to the island was cause for concern, Future Farm remains committed to helping its partners expand their dispensary presence in order to provide the people of Puerto Rico with a reliable source of medical marijuana, as well as continuing to create a diversified portfolio of cannabis investments for Future Farm's shareholders. Future Farm looks forward to contributing to the expansion of the medical cannabis industry, which is a key driver for the future economic development of Puerto Rico.\n\n\"Our existing stores are located in high-traffic locations and ever since our launch in February we have enjoyed sustained sales growth. We look forward to expanding our presence to 10 stores in Puerto Rico, creating jobs and offering our patients the highest level of service,\" says Ramón Ortiz, CEO of Clinica Verde. \"The patient registration process was recently simplified and is now quicker and more accessible to all. We believe we will be able to start building out the new dispensary locations this year and look forward to a Q1 2018 opening.\" \n\nMedical mar...