Saint Petersburg, FL, Aug. 26, 2015 (GLOBE NEWSWIRE) -- FutureWorld Corp. (OTC: FWDG), a cannabis technology accelerator and a leading provider of advanced technologies and solutions to the global cannabis industry, is pleased to announce Cohen Grassroots Research, Inc. (CGR), Wall Street's leading independent micro-cap and cannabis research firm, has initiated analyst coverage of FutureWorld Corp. The initial research report is a 53 page analytical report on FutureWorld Corp. (OTC: FWDG) with a price target of $0.0078 cents per share. CGR provides an in-depth independent research analysis, including 5 year financial and valuation projections on FWDG's business and its significant growth drivers. A copy of the report is available for download at:
The 53 page Initiate Research Coverage Report states: "FutureWorld Corp. (OTC: FWDG) is building a portfolio of companies that will provide advanced solutions for the cannabis industry globally. The Company's business model aims at identifying and acquiring technologies and businesses that have disruptive potential. FWDG's current portfolio consists of subsidiaries such as CB Scientific, HempTech, URVape, NutraCann, Bioceutical Sciences, DispenseTek, and FutureLand Corp. Neither FutureWorld nor any of its subsidiaries are involved in the production, distribution or sale of marijuana. The Company's portfolio of disruptive technologies is brilliant, unique and powerful. One such technology, created by CB Scientific, includes commercial and consumer Cannabidiol & Tetrahydrocannabinol Testing Kits which can become exciting cannabis industry game changers.
With combined experience of more than seventy years, the Company's management unlocks the vast potential to provide high and consistent returns to their shareholders. The Company provides guidance on strategies to navigate the fast growing cannabis industry in addition to managerial, infrastructural and financial support to its subsidiaries. As the subsidiaries follow the growth plan, FWDG continuously monitors their progress and decides on either listing, selling or spinning off its affiliates. FWDG generates value for its investors through the expert management of its unique business model and portfolio of disruptive innovations.
"Our conservative estimates forecast revenues to grow from $0.7 million in FYE March 31, 2015 to approximately $52.6 million by FYE 2021. Based on these projections and provided that the Company raise $5.0 million in capital (over the next 12-16 months), the Cohen Target Price is 764.1% higher than the current price." stated D. Paul Cohen, President & CEO of Cohen Grassroots Research, Inc.
The wave of legalization of the medical and recreational use of marijuana is driving the high growth rates in the marijuana industry. The Cannabis industry is expected to be worth $30 to $70 billion in the next five years. Ancillary industry supporting the marijuana industry has grown as well especially the industrial hemp industry that is expected to be worth $500 million as per Congressional Research conducted in 2015. FWDG is poised to take advantage of these growth numbers with its portfolio of subsidiaries.
About Cohen Grassroots Research, Inc.
Cohen Grassroots Research, Inc. is Wall Street's leading independent micro-cap, small-cap and cannabis research firm. The firm concentrates on emerging companies with strong management teams focused on shareholder value and sustainable competitive advantage. CGR, led by highly respected and well-known security analyst, D. Paul Cohen, highlights the company's market opportunity, technology, management, competition and other key differentiators that may affect their long term and short term valuation. GRRD focuses on those public companies that lack or have minimal Wall Street IR research analyst coverage. CGR research reports are commissioned and paid for by the companies covered, or by third parties.
For more information, visit www.cohengrassroots.com.
The Cohen Grassroots Research disclaimer states: This report/release is for informational purposes only. All information contained herein is based on public information. CGR complies with securities laws, regulations and ethical standards as related to our legal and compliance requirements. Do your own research.
About FutureWorld Corp.
FutureWorld (OTC: FWDG), a Delaware corporation, is a leading provider of advanced technologies and solutions to the global cannabis industry. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products and services, such as industrial Hemp. FutureWorld, through its subsidiaries, provides personal and professional THC and CBD test kits, pharmaceutical grade CBD oil solutions, SafeVape vaporizers, 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. As the only Cannabis Technology Accelerator, FutureWorld will incubate and fund leading technologies, products, and services for Cannabis industry (Industrial Hemp) for foreseeable future; bringing value to its core and its shareholders.
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 facebook.com/futureworldenergy or on Twitter @futureworldinc.
Forward-Looking Statements
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.