Upwards of 6 Million Healthy Cherry Wine Hemp Seeds Available Soon
Vancouver, British Columbia, Oct. 23, 2019 (GLOBE NEWSWIRE) -- 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.