Business
Future Farm's Puerto Rico Affiliate Positioned to Launch Significant Expansion of Clinica Verde, the Island's Preeminent Provider of Medical Cannabis
Future Farm's Puerto Rico Affiliate Positioned to Launch Significant Expansion of Clinica Verde, the Island's Preeminent Provider of Medical Cannabis.
About this update from Future Farm Technologies Inc
[{"type":"text","content":"\nVancouver, British Columbia, Oct. 25, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that its Puerto Rico subsidiary, FFPR, LLC (“FFPR”), which Future Farm owns jointly with TCG Investments, LLC (“TCG”), owner of the Clinica Verde brand, is preparing to launch three new Clinica Verde dispensaries in dense highly trafficked areas of Puerto Rico early in the new year, with two additional locations planned in the following months. TCG already has five Clinica Verde dispensaries in successful operation. Those dispensaries have served more than 6,000 of the nearly 36,000 medical marijuana patients currently registered in Puerto Rico.\n The addition of the new dispensaries owned by FFPR is expected to add significantly to Clinica Verde’s prominent position in the rapidly growing market for medical cannabis in Puerto Rico. With increasing patient demand in Puerto Rico and evolving cannabis regulations throughout the Caribbean, Clinica Verde is well positioned to execute its end goal of twelve dispensary locations planned for the island’s most populated and desirable retail corridors. As described above, Future Farm and Clinica Verde have partnered on five of the twelve planned locations. As of September 2018, about 36,000 patients were signed up for the Puerto Rico medical marijuana program. This is more than double the 12,000 registered patients accounted for in 2017. According to the Secretary of Health of Puerto Rico, patients are joining the program at the rate of approximately 500 per week. To help facilitate access to medical cannabis and direct tourism dollars toward responsible and safe cannabis use on the island, Clinica Verde and FFPR are also working with IslandMedPR, an online patient certification provider. Interested patients living in or traveling to Puerto Rico may use code CVERDE to save 20% off their standard registration fees.  “Puerto Rico is a gateway to the Caribbean, where there is an on-going dialogue about reforming laws relating to cannabis,” says William Gildea, CEO of Future Farm. “Future Farm is proud to be a leader in creating access for patients, and to work with Clinica Verde and IslandMedPR t...