FFT News update. Vancouver, British Columbia - TheNewswire -October 23, 2019- Future Farm Technologies Inc. (CNSX:FFT.CN) (OTC:FFRMF) is pleased to announce that the harvest of its Maine hemp farm is well underway. The first 25-acres of hemp has been sent to the Company's Belfast facility where a team is currently hanging the hemp plants from rows of netting in a climate controlled room. The Belfast team is concurrently taking the final inventory count and expects that there will be three more cycles of harvesting hemp and transporting the plants to Belfast to dry.
The Company is also pleased to announce that it expects to have at least six million high quality Cherry Wine hemp seeds available for sale from this year's harvest in the near future.
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Figure 1 Future Farm Maine's 2019 hemp crop in Hersey, Maine
"We are grateful for the hard work and dedication of our Maine team," comments William Gildea, Future Farm's CEO. "The team has met all of the harvest time-line expectations, ensuring the health and integrity of our hemp plants and seeds."
The Company would also like to update its shareholders that it has changed the date of its Annual General Meeting of Shareholders to December 16, 2019. The Company has set October 17, 2019 as the record date for notice, voting and beneficial ownership determination date.
The Company is also pleased to announce the grant of incentive stock options to certain directors, officers, employees and consultants to acquire a total of 5,932,000 common shares of the Company at an exercise price of $0.065 CAD per share. As per the Company's Stock Option Plan, the options expire five (5) years from the date of grant and vest immediately.
For further information, contact Investor Relations at investor@futurefarmtech.com or (888) 387-3761 ext. 710.