Future Farm Provides Relief-Based Pricing for Cherry Wine Hemp Seeds
05 Mayo 2020 - 7:00AM
via NEWMEDIAWIRE -- Future Farm Technologies Inc. (the “Company” or
“Future Farm”) (
CSE: FFT) (
OTCQB:
FFRMF) is pleased to announce relief efforts for farmers
planning their 2020 hemp farms.
Hemp Industry Daily recently highlighted a number of
concerns that may be causing hemp farmers to reconsider whether to
plant this year, but also provided insight as to why farmers should
be optimistic about the upcoming season. Most importantly, the food
and agriculture industry has been deemed one of the sixteen
essential industries that should be allowed to continue with
operations, therefore “hemp farmers should not be restricted from
planting.”
Future Farm is therefore pleased to announce that
it has developed a two-tier approach to address market concerns
during this difficult time and to provide much needed options for
farmers in planning their 2020 season.
First, the Company has developed relationships
with top breeders in order to deliver feminized seeds of top
cultivars, if desired.
Second, Future Farm is pleased to announce
relief-based pricing for its high CBD producing Cherry Wine hemp
seeds. When farmers purchase 1,000 “regular” (i.e.
non-feminized) seeds for $50.00, Future Farm will include an
additional 2,000 seeds. This translates to rates well
below current market pricing for regular hemp seeds.
The Company has developed this program in order to
make quality growing accessible to more farmers. With a surplus of
seeds, and after culling any male plants, farmers may identify the
absolute best genetics in the remaining female plants, i.e. robust,
female plants rich in terpenes and color, as is often found in the
Cherry Wine cultivar.
“It was important for us to get seeds to people
who really need them but might not be able to afford the more
sought after feminized seeds,” says Bill Gildea, Future Farm’s CEO.
“We believe that this new program will help ease the financial
burden of buying seeds and allow growers to buy their seeds early
enough to still participate in this unique 2020 growing
season.”
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 5,444,500 common
shares of the Company at an exercise price of CAD$0.05 per
share. Under the terms of the Company's Stock Option Plan,
the options expire five (5) years from the date of grant and vest
immediately.
For additional seed sale information or to place
an order, please visit our website
at https://www.futurefarmtech.com/ or
email sales@FutureFarmTech.com.
For further information about Future Farm, please
contact Investor Relations at 888-387-3761 x 710 or via email
at investor@FutureFarmTech.com.
Future Farm Technologies
Inc.
William Gildea, CEO & Chairman
About Future Farm Technologies
Inc.
Future Farm Technologies is a Canadian public
company that is poised to be a leading supplier of pharma-grade
health and wellness products, including those made from hemp, to
meet the burgeoning demand in the U.S. and global
markets.
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
rapidly growing market for health and wellness products made from
hemp and other plants.
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.
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. There is no
guarantee that the Company will be successful in its efforts
to further develop its existing hemp operations, or that the
Company will be able to raise sufficient capital to execute on its
intended business plan and objectives. 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 x710
investor@futurefarmtech.com
Future Farm Technologies (CSE:FFT)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Future Farm Technologies (CSE:FFT)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024