ST. PETERSBURG, FL, Nov. 3, 2014 (GLOBE NEWSWIRE) -- FutureWorld Corp. (OTCQB: FWDG), a leading provider of advanced technologies and solutions to the global cannabis industry, announces that its wholly-owned subsidiary, FutureLand Properties, LLC, closed on 237 acres in southern Colorado on October 30th, 2014 for the purpose of leasing to licensed Cannabis and Hemp growers. The decision was made based on increased demand for medical and recreational cannabis and loosening of some restrictions in Colorado. We believe the future of cannabis grows will belong to large state-of-the-art facilities much like agricultural industry. In Colorado and other legal states, only few large cannabis grow facilities will remain which would allow for easier supervision and administration by the State and Federal government.
The Company will finance and build cutting-edge grow facilities for qualified licensed participants using HempTech technologies. Currently the Company has one firm contract and two other interested parties. Due to the large available acreage on the purchased land, we foresee multiple multi-million dollar large grow facilities and vast agricultural space available for farming hemp. The Company will grow Hemp for its own production in the near future. FutureWorld also plans on similar policies in other legal cannabis states.
"Sometimes when you enter a market there can be some trepidation about the quality of the decision and the timing," said VP of FutureWorld, Cameron Cox, "But in this case, we couldn't be clearer on the certainty and efficacy of the pursuit."
The next step for FutureWorld is to firm up contracts, getting all the necessary materials together to build/finance the greenhouses and finally, showcasing all of HempTech Corp's technology. "This is going to be a turn-key solution that marks the beginning of a long era of prosperity and innovation for FWDG. We will build cutting-edge indoor and outdoor grow facilities never seen before in our industry", said CEO of FutureWorld, Sam Talari, "We truly are very excited about the direction of the Company".
About FutureWorld Corp
FutureWorld (Other OTCQB: FWDG), a Delaware corporation, is a U.S. Diversified Holding Company formed to capitalize on the burgeoning Cannabis markets globally. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products, such as industrial Hemp. FutureWorld, through its subsidiaries such as HempTech and CB Scientific, provides personal and professional THC and CBD test kits, pure CBD oil solutions, smart sensor technology, communication network, surveillance security, data analysis for smart cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana. To request further information about FutureWorld, please email us at info@futureworldcorp.com, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook page https://www.facebook.com/futureworldenergy.
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