Future Farm Technologies Inc. (OTCQB: FFRMF) is pleased to announce that $2,553,092 has been raised to date through the voluntary conversion of both its $0.35 and $0.37 warrants and through the exercise of options. The $0.35 per share warrants expired on January 11, 2018, however Shareholders may still convert their $0.37 per share warrants into Future Farm’s common stock until March 7, 2018.
I'm watching this stock closely. I know that its essentially a penny stock, but I have some good friends who are master growers, and after talking to them about their business models I think that there may be significant investment opportunities with the companies who build the lights that they use, and FFRMF may be one of them. There is support around the $1 level for no other reason that it is important psychologically.
Future Farm Technologies Inc. is a Canadian company with projects throughout North America including California, Florida and Maryland. The Company’s business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generates yields up to 10 times greater per square foot of land. The contained system provides many other benefits including 90% less water, fertilizer and land used, less travel costs, seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability. The Company also utilizes a leading cannabis oil extraction technology, which enables the Company to process 20lbs/hour of cannabis plant to yield approximately 908 grams/hour of oil.
The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com, which caters to B2B customers, is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com, which caters to both large and small agriculture green houses and controlled cultivation centers.
The Company recently acquired the exclusive right to use a patented, augmented reality (AR) technology in the cannabis industry. As described in more detail above, the Company has decided to spin this asset off to its shareholders.
William Gildea, CEO & Chairman