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Future Farm's NexTech AR Solutions Signs Deal to Bring Hologrpahic Display Technology to Cannabis Market
Future Farm's NexTech AR Solutions Signs Deal to Bring Hologrpahic Display Technology to Cannabis Market.
About this update from Future Farm Technologies Inc
[{"type":"text","content":"\n\n\n\nFuture Farm's NexTech AR Solutions Signs Deal to Bring Hologrpahic Display Technology to Cannabis Market\n\n\n\n\n\nFuture Farm's NexTech AR Solutions Signs Deal to Bring Hologrpahic Display Technology to Cannabis Market\nPR Newswire\nVANCOUVER, British Columbia, July 26, 2018\n\n\n\nVANCOUVER, British Columbia, July 26, 2018 /PRNewswire/ --\n\nFuture Farm Technologies Inc. (the \"Company\" or \"Future Farm\") (CSE: FFT) (CSE: FFT.CN) (OTCQX: FFRMF) is pleased to announce that its partial subsidiary, NexTech AR Solutions (\"NexTech\"), and ARHT Media Inc. (\"ARHT\") (TSXV: ART) (OTCBB: ARHTF) have signed a worldwide exclusive license agreement to bring ARHT's patented holographic display technology to the cannabis industry. According to Arcview Market Research, the North American cannabis market is estimated to grow from $9.2 billion in 2017 to $47 billion by 2027. With this level of growth, NextTech believes that this holographic technology is both needed and ready for cannabis market deployment.\n\n\"While we are making great inroads into the traditional retail, education, events and entertainment markets, we see the cannabis market as another big opportunity for our technology and are excited to work with NexTech to make this happen,\" commented Larry O'Reilly, ARHT's CEO. \"Our holographic displays and telepresence technology are a natural fit to take cannabis retailing to a whole new level. With this agreement in place, we have the potential to be in hundreds of locations in North America over the next few years.\"\n\n\"Imagine walking into your local dispensary and being able to see a 3D, 8-foot image of a cannabis bud spinning around with a 360-degree view of every trichrome, every fiery orange hair, the sugary crystals, chunky knobs enveloped by tiny leaves, without any special glasses,\" commented Reuben Tozman, Chief Product Officer of NexTech. \"With this proven holographic technology, we now can put 3D screens (with no glasses) into the cannabis market allowing cannabis brands to advertise as well as stream live events directly to its consumer bringing them closer to their favorite brand.\"\n\nAs consideration for NexTech receiving an exclusive worldwide license, NexTech agreed to purchase a minimum of 12 holographic display units per year for the next five years, and ARHT will earn ongoing royalties on comme...