RE:Encouraging article commenting on FFT yesterdayX
Future Farm: An Opportunity that is Flying Under the Radar Last month, Future Farm Technologies (FFT.CN) (FFRMF) issued an update on recent activities and we are favorable on the clarity that has been provided through the release. Last year was a significant period for the business and we believe that Future Farm is reaching an inflection point with its hemp business. The hemp opportunity became the only priority for the business in 2019 and we will monitor how the management team is able to execute on this vertical in 2020 and beyond.
In the near future, Future Farm plans to use the hemp biomass from its 2019 harvest to produce products in collaboration with first-rate advanced manufacturers. This should prove to be a substantial catalyst for the business and the company plans to complete acquisitions to support growth on a going forward basis.
During its second fiscal quarter of 2020, Future Farm announced that it would focus its resources on existing business operations with the highest potential for revenue growth and profitability. The company pivoted the business and decided to focus on hemp cultivation, the extraction of cannabinoids and product manufacturing to meet the burgeoning demand for hemp products in the US and abroad.
Future Farm continues to pursue licenses to grow cannabis for sale.
The last few months have been significant for the business and we believe that Future Farm is an opportunity that is flying under the radar. Based on the recently announced operational update, we expect the business to ramp up operations in the near future and we will monitor how the opportunity is able to gain traction during this time.