Future Farm Maine's Hemp Harvest Underway
23 Octubre 2019 - 7:00AM
via NEWMEDIAWIRE -- Future Farm Technologies Inc. (
CSE:
FFT) (
OTCQB: 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.
"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.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, Chairman and CEO
About Future Farm Technologies Inc.
Future Farm Technologies is a Canadian public company that is
poised to be a leading supplier of hemp-derived CBD products to
meet the burgeoning demand in the U.S. and global markets. The
Company’s current key initiatives are the cultivation and
processing of its hemp crop growing in Maine, the pursuit of other
hemp-related opportunities throughout the U.S. and the development
of elite strains of cannabis in Canada.
Future Farm’s seasoned management team brings a deep
understanding of operations and agriculture with the financial and
regulatory expertise needed to become an industry leader in the
evolving market for CBD and related compounds.
Neither the Canadian Securities Exchange nor its Market
Regulator (as that term is defined in the policies of the Canadian
Securities Exchange) accepts responsibility for the adequacy or
accuracy of this release. The Canadian Securities Exchange has not
in any way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this press
release.
This news release may include forward-looking statements that
are subject to risks and uncertainties. All statements within,
other than statements of historical fact, are to be considered
forward looking. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business
conditions. There can be no assurances that such statements
will prove accurate and, therefore, readers are advised to rely on
their own evaluation of such uncertainties. We do not assume
any obligation to update any forward-looking statements except as
required under the applicable laws.
Investor Relations
888-387-3761 x10
investor@futurefarmtech.com
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