75% of the field harvested Vancouver, British Columbia, Oct. 31, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Future Farm Technologies Inc. (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that the harvest of its Maine hemp crop is nearing completion, with over 75% of the field harvested. The remaining hemp plants will be shipped to the Company’s Belfast facility by November 2nd, on schedule and according to plan. The team is hanging the plants to dry in a climate-controlled room in Belfast, Maine. After approximately two weeks, the plants will be prepared for processing into high quality CBD products.
"We greatly appreciate the dedication and hard work of our team over these last few weeks,” comments William Gildea, Future Farm’s CEO. “Completing this harvest is especially timely since just this week the USDA released its interim hemp regulations. Knowing that we are already well-positioned in an industry with economic opportunities in new markets is very exciting."
The Company is also pleased to announce that its Q2 2020 financial statements have been filed for the period ended August 31, 2019. Filings are available on SEDAR.
The Company would also like to remind its shareholders that it has changed the date of its Annual General Meeting of Shareholders to December 16, 2019. The Company set October 17, 2019 as the record date for notice, voting and beneficial ownership determination date.
The Company also announces that the Board of Directors has approved the cancellation of 1,650,000 incentive stock options currently exercisable at $0.31CDN and 4,231,250 incentive stock options currently exercisable at $0.395CDN.
For further information, contact Investor Relations at investor@futurefarmtech.com or (888) 387-3761 ext. 710.