Future Farm Technologies Inc FFRMF

FFT News out - Rapidly Expanding Hemp Farm

[alys4321]

Expanding Footprint in Hemp

With the ability to create and replicate hemp plants with the desired cannabinoid profile, as well as the technology to extract those cannabinoids, Future Farm set about securing a hemp supply. The company recently announced that it has signed a lease agreement for 100-acres in Maine, which doubles its previously announced purchase of 120 acres of a licensed industrial hemp farm. As part of the agreement, the company has an option to lease up to an additional 1,000 acres from the landlord, which creates an enormous market opportunity as demand for hemp and its extracts rises over time.

Management is preparing to setup a clone operation, which will leverage vertical farming technology to supply over 200,000 clones to the farm next year. These hemp-based clones will be grown under its Scorpion LED grow lights to help save on electricity costs and further leverage its existing in-house technologies. The lease agreement also provides all other farming equipment needed to commence hemp farming activities.