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Future Farm's CBD Hemp Cultivation Operations Prepare for Harvest in Maine, Add New Project Leadership
Future Farm's CBD Hemp Cultivation Operations Prepare for Harvest in Maine, Add New Project Leadership.
About this update from Future Farm Technologies Inc
[{"type":"text","content":"\n\n\n\nFuture Farm's CBD Hemp Cultivation Operations Prepare for Harvest in Maine, Add New Project Leadership\n\n\n\n\n\nFuture Farm's CBD Hemp Cultivation Operations Prepare for Harvest in Maine, Add New Project Leadership\nPR Newswire\nVANCOUVER, British Columbia, August 8, 2018\n\n\n\nVANCOUVER, British Columbia, August 8, 2018 /PRNewswire/ --\n\nMaine farmers will soon have access to an estimated 15,000,000 organic, feminized high-CBD hemp seeds from Future Farm Technologies Inc. (the \"Company\" or \"Future Farm\") (CSE: FFT) (OTCQX: FFRMF). After initial setbacks due to the discovery of ledge at its leased farm in Hersey, Maine and seed delivery delays, the Company announced the hiring of Nathan Gray to provide professional consulting services for industrial hemp cultivation and processing operations and management.\n\nThe Company has implemented additional operational procedures as part of its ongoing efforts to be the largest hemp cultivator and CBD producer in New England. Under Mr. Gray's leadership, the Company estimates that its Maine farms will produce approximately 26,000 pounds of biomass in 2018. That amount is expected to increase to 200,000 pounds in 2019. Costs associated with biomass and seed projections are estimated to be $1M-$1.5M annually.\n\n\"Nate proved himself in the great work he did at our Rhode Island property,\" said William Gildea, CEO and Chairman of Future Farm. \"His hands-on approach and experience will help make our Belfast, Maine facility the go-to organic hemp resource local farmers need to energize Maine's agricultural industry.\"\n\nEarlier this summer the United States Senate passed a farm bill that included hemp legislation spearheaded by Senate Majority Leader Mitch McConnell. Known as the Hemp Farming Act, the legislation, if enacted into law, would remove industrial hemp from the list of controlled substances under federal law. According to the hemp advocacy group Vote Hemp, the number of acres of hemp grown across the 19 states that have legalized hemp's cultivation more than doubled in 2017, up to a total of 23,343 acres. In Maine, state horticulturist Gary Fish, who oversees the hemp program for the Department of Agriculture, Conservation and Forestry, estimated at least 888 acres to be in hemp production in Maine this summer.\n\nFor further information, contact William Gildea, ...