PALM BEACH, Florida, February 21, 2017 /PRNewswire/ --
As the United States and Canada continues to make strides
towards legalization of cannabis, the demand for pure cannabis extracts for THC & CBD oils are steadily rising at a quick
pace. Cannabis operators and purveyors are acquiring advanced licenses and other assets to gain an edge on competitors in
the race to improve higher grades of cannabis concentrate and CBD extraction methods as the demand rises across North America and globally. Cannabis companies in the news today include Future Farm Technologies Inc.
(OTC: AGSTF) (CSE: FFT.CN), Mentor Capital, Inc. (OTC: MNTR), Cannabics Pharmaceuticals Inc. (OTC: CNBX), OWC Pharmaceutical
Research Corp. (OTC: OWCP) and Canopy Growth Corporation (OTC: TWMJF) (TSX: WEED.TO)
Future Farm Technologies Inc. (OTCQB: AGSTF) (CSE: FFT.CN) is pleased to announce that its subsidiary, FFM
Consulting Services, LLC, a California limited liability company, has entered into a management
agreement with a California non-profit company. The non-profit has secured a sublicense to
legally manufacture cannabis oil using a non-volatile method compliant under the Medical Marijuana Regulation and Safety Act
("MMRSA"), in southeastern Los Angeles County, California.
The non-profit will produce highly pure cannabis concentrates to supply California's medical
marijuana patients' rapidly growing demand for both THC and CBD oil. The company will also focus on increasing inventory and
capacity as California prepares to create a market for legal recreational cannabis. FFM
Consulting Services, LLC, which is majority owned by Future Farm Technologies, will manage the new state-of-the-art extraction
facility. Read this and more news for Future Farm Technologies at http://marketnewsupdates.com/news/agstf.html
"We're thrilled to have reached this major milestone for our emerging company and excited to have the opportunity to manage
this extraction facility as it allows us to showcase our ability to expertly manage the production of consistent and pure
concentrates," said Bill Gildea CEO of Future Farm Technologies. Cannabis concentrates and edibles are the largest and
fastest growing segments of the cannabis market. The market is accelerating as consumers become more educated on the various oil
infused products that can be produced, as well as how well they work. As consumers become more educated, they grow more
interested in using oil as a flower alternative.
Future Farm is also pleased to announce that due to a high level of interest from strategic investors, they are offering
$1,000,000 (units) in a non-brokered private placement. The Company will use the net proceeds for
opportunistic acquisitions, and the continued rapid expansion of their business. The Company is offering each Unit at a
price of $0.27 CDN per Unit. Each Unit is comprised of one common share of stock and one-half share
purchase warrant that is exercisable at $0.37 CDN per common share for one-year with certain
acceleration clauses.
In other Cannabis market performances and developments of note in the sector:
Mentor Capital, Inc. (OTCQB: MNTR) closed up on last Friday at $2.84 trading over 1
million shares by the market close. Mentor Capital is a private equity firm specializing in acquisitions and emerging growth
investments. The firm provides passive equity funding and liquidity to smaller companies and owners in the medical, marijuana and
social use cannabis companies.
Cannabics Pharmaceuticals Inc. (OTCQB: CNBX) closed up over 36% on last Friday at $4
trading over 8.2 Million shares by the market close. Cannabics Pharmaceuticals, a U.S-based public company, is dedicated to the
development of Personalized Anti-Cancer and Palliative treatments. The Company's R&D is based in Israel, where it is licensed by the Ministry of Health for its work in both scientific and clinical
research. The Company's focus is on harnessing the therapeutic properties of natural Cannabinoid formulations and
diagnostics.
OWC Pharmaceutical Research Corp. (OTCQB: OWCP) closed up over 36% on last Friday at $0.92 trading over 6.7 Million shares by the market close. OWC Pharmaceutical Research announced on
Feb 17 that it will be presenting at the Wall Street Conference. The event will be held at the
Hilton Doubletree Hotel and Conference Center in Deerfield Beach/ Boca
Raton, Florida, on Wednesday, March 1, 2017.
Canopy Growth Corporation (OTC: TWMJF) (TSX: WEED.TO) Canopy Growth announced that it has renewed the engagement
agreement ("agreement") with XIB Consulting Inc. ("XIB") that the Corporation announced on April 7,
2016 and subsequently renewed October 7, 2016. Under the agreement, XIB will continue to assist Canopy Growth with
corporate development initiatives including, but not limited to, acquisitions, strategic networking and market
awareness.
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