Future Farm Technologies Inc. (OTCQX: FFRMF) (CSE: FFT) - Breaking News -
March 20, 2018
 

FUTURE FARM ACQUIRES CONTROLLING INTEREST IN MASSACHUSETTS LICENSED CANNABIS GROW AND DISPENSARY


VANCOUVER, British Columbia, - March 20, 2018  -- Future Farm Technologies Inc. (OTCQX: FFRMF) (CSE: FFT) (the "Company" or “Future Farm”) is pleased to announce that it has closed on the previously announced investment in BCWC, LLC (“BCWC”), formerly known as Bristol County Wellness Center, Inc. BCWC was recently awarded a special permit from the City of Attleboro and a provisional license from the Department of Public Health to build and operate a 24,700-sq ft. Registered Marijuana Dispensary (“RMD”) that will grow and sell medical marijuana. This vertically integrated license allows BCWC to build out its facility and engage in cannabis cultivation, processing and retailing. BCWC plans to add two additional retail outlets when suitable locations are identified and required approvals are obtained.

Mr. William Gildea, CEO of Future Farm comments, “We are pleased to be working with the experienced team at BCWC and thrilled about the potential to operate in Massachusetts since it further positions our Company for revenue growth in 2018.” He continues, “This transaction allows us to operate in a state that has approved, but not yet implemented, the adult use of cannabis, which positions us as one of the first movers in the state.” In Massachusetts, licensed RMDs and applicants with provisional licenses (such as BCWC) applying for an adult use license are eligible for prioritized application review by the state.

The timetable calls for construction to begin in the next thirty days, and revenue to begin in the fourth quarter of 2018. BCWC is provisionally licensed to cultivate cannabis with up to 300 lights, process and extract oil to make edibles, and sell through up to three medical dispensary locations. BCWC may also sell up to 30% of its cannabis to other dispensaries. ArcView Market Research and New Frontier Research each estimate the adult use recreational market in Massachusetts to have annual sales in excess of $1 billion by 2020.

Derek Ross, BCWC’s Manager, comments, “Unlike other states such as Colorado, Washington or California, where adult cannabis use is legal, Massachusetts is located within driving distance to many of the most densely populated states in the US. We anticipate that our facility, which will be conveniently located 1.5 miles from Exit 1 on I-95, will contribute to an increase in the Massachusetts cannabis tourism industry, providing state revenue, tax dollars, and job growth.”

Future Farm made its investment by loaning BCWC $5,003,100 under a Secured Convertible Promissory Note. That Note will convert automatically into a 51% ownership interest in BCWC on the date on which BCWC receives its RMD Certificate from the Commonwealth of Massachusetts. If the Note does not convert, it is due and payable in full on May 1, 2019. In addition, Future Farm has entered into consulting contracts with each of the owners of BCWC for those individuals to advise Future Farm on the development of the BCWC facilities and business. The aggregate consideration for the consulting services to be provided by all of the individuals is the issuance of 2,925,514 Common Shares of Future Farm.

For further information, contact William Gildea, Director, at (888) 387-3761

On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, Chairman & CEO

About Future Farm
Future Farm Technologies Inc. is a Canadian company with projects throughout North America including California, Florida and Maryland. The Company’s business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generates yields up to 10 times greater per square foot of land. The contained system provides many other benefits including 90% less water, fertilizer and land used, less travel costs, seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability. The Company also utilizes a leading cannabis oil extraction technology, which enables the Company to process 20lbs/hour of cannabis plant to yield approximately 908 grams/hour of oil.

The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com, which caters to B2B customers, is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com, which caters to both large and small agriculture green houses and controlled cultivation centers.

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.
For further information, contact:
William Gildea
Director
+1-617-834-9467
SOURCE Future Farm Technologies Inc.

Future Farm Closes on $4 Million USD Financing in Anticipation of Closing on Massachusetts Dispensary and Announces Appointment of New Auditor


VANCOUVER, British Columbia, - March 13, 2018  -- Future Farm Technologies Inc. (OTCQX: FFRMF) (CSE: FFT) (the "Company" or “Future Farm”) is pleased to announce that it has closed on a second investment of $4,000,000 USD from Yorkville Advisors Global, LP ("Yorkville"). Proceeds from the private placement will be used in part to acquire the previously announced, provisionally licensed Registered Marijuana Dispensary ("RMD") in Attleboro, MA.

In January 2018, Future Farm signed a Letter of Intent to acquire an interest in Bristol County Wellness Center, Inc. ("BCWC"). BCWC was recently awarded a special permit from the City of Attleboro and a provisional license from the Department of Public Health to build and operate a 24,700-sq ft. RMD that will grow and sell medical marijuana, plus two additional dispensaries upon approval. This vertically integrated license allows BCWC to build out its facility and engage in cannabis cultivation, processing and retailing.

William Gildea, CEO of Future Farm comments, "We have been diligently working with the experienced team at BCWC to move this transaction to a quick close and are thrilled about the potential to participate in the operations of a Massachusetts RMD as it further positions our Company for revenue growth in 2018."

The timetable calls for construction to begin right after closing, which is imminent, and revenue to begin in the fourth quarter of 2018. BCWC is provisionally licensed to cultivate cannabis with up to 300 lights, process and extract oil to make edibles, and sell through a medical dispensary. BCWC may also sell up to 30% of its cannabis to other dispensaries. ArcView Market Research & New Frontier Research estimates the legal cannabis market in Massachusetts to reach $1.07 Billion by 2020.

The Company is also pleased to provide an update with respect to the exercise of warrants. As of March 7, 2018, Future Farm's $0.35 and $0.37 warrants have both expired. Since December 2017, the voluntary exercise of these warrants brought the Company a total of almost $2,000,000.

"These fundraising activities enable us to execute on some exciting projects we have lined up as well as expand on our existing portfolio," explains Mr. Gildea.

The Company is also pleased to announce the appointment of a new auditor. Davidson & Company LLP, Chartered Professional Accountants (the "Former Auditor") has been terminated and Dale Matheson Carr-Hilton Labonte LLP ("DMCL"
or the "Successor Auditor") has been appointed as the new auditor, effective immediately. Reporting notices prepared in accordance with National Instrument 51-102 by the Former Auditor, the Successor Auditor and the Company have been filed on SEDAR.

DMCL is an independent Vancouver-based accounting firm with 20 partners and over 150 professional and support personnel. They are recognized for their expertise in audit and assurance, accounting, taxation and business advisory for public and private companies, not-for-profits and owner-managed businesses.

Under the terms of the Yorkville financing, the Company has agreed to enter into a Secured Convertible Debenture in the Principal Amount of $4,000,000 USD, bearing annual interest at 8% and repayable within 18-months, or convertible into Common Shares of the Company at a price of C$0.58 per share. In connection with the Debenture, the Company has also granted a Warrant Certificate to purchase 7,421,150 Common Shares at an average price of C$0.70 per share. The Warrant Certificate expires on March 7, 2021.

As further part of this financing, the Company will pay a 10% broker fee to Moody Capital Solutions Inc.

On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, Chairman & CEO

About Future Farm

Future Farm Technologies Inc. is a Canadian company with projects throughout North America including California, Florida and Maryland. The Company's business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generates yields up to 10 times greater per square foot of land. The contained system provides many other benefits including 90% less water, fertilizer and land used, less travel costs, seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability. The Company also utilizes a leading cannabis oil extraction technology, which enables the Company to process 20lbs/hour of cannabis plant to yield approximately 908 grams/hour of oil.

The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com, which caters to B2B customers, is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com, which caters to both large and small agriculture green houses and controlled cultivation centers.

The Company recently acquired the exclusive right to use a patented, augmented reality (AR) technology in the cannabis industry. As described in more detail above, the Company has decided to spin this asset off to its shareholders.

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.

For further information, contact:
William Gildea
Director
+1-617-834-9467
SOURCE Future Farm Technologies Inc.

Future Farm Signs Dispensary Lease for High Traffic Puerto Rico Location


VANCOUVER, British Columbia, - March 7, 2018  -- Future Farm Technologies Inc. (OTCQX: FFRMF) (CSE: FFT) (the "Company" or “Future Farm”) which has built a portfolio of projects across the United States and the Commonwealth of Puerto Rico, is pleased to announce that its Puerto Rico subsidiary has signed the first of five planned leases for its Clinica Verde branded Puerto Rico dispensaries. The Company expects to sign two more leases in the next thirty days with the additional two leases to follow soon after.

The Future Farm Clinica Verde branded dispensary is located in the Condado neighborhood of San Juan, one of the island's most highly trafficked areas.

"Now that we have identified a prime dispensary location and signed a lease we are excited to work on the build out," comments William Gildea, Chairman and CEO of Future Farm. "We look forward to providing clean cannabis to the island's patients and generating sales."

Future Farm continues to execute on its strategy of building a portfolio of valuable, revenue-generating assets in the fastest growing cannabis and hemp markets in North America. Mr. Gildea continues, "I look forward to building out and adding to our existing portfolio, which has grown quickly over the past year with assets in Rhode Island, Maine, California and Florida."

On behalf of the Board,

Future Farm Technologies Inc.
William Gildea, Chairman & CEO

About Future Farm

Future Farm Technologies Inc. is a Canadian company with projects throughout North America including California, Florida and Maryland. The Company's business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generates yields up to 10 times greater per square foot of land. The contained system provides many other benefits including 90% less water, fertilizer and land used, less travel costs, seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability. The Company also utilizes a leading cannabis oil extraction technology, which enables the Company to process 20lbs/hour of cannabis plant to yield approximately 908 grams/hour of oil.

The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com, which caters to B2B customers, is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com, which caters to both large and small agriculture green houses and controlled cultivation centers.

The Company recently acquired the exclusive right to use a patented, augmented reality (AR) technology in the cannabis industry. As described in more detail above, the Company has decided to spin this asset off to its shareholders.

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.

For further information, contact
William Gildea
Director
+1-617-834-9467
SOURCE Future Farm Technologies Inc.

Future Farm Estimates $3,000,000 USD in Revenue in 2018 From 10-Acre Operating Greenhouse in Florida


VANCOUVER, British Columbia, - March 1, 2018  -- Future Farm Technologies Inc. (OTCQX: FFRMF) (CSE: FFT) (the "Company" or “Future Farm”) is pleased to announce estimated 2018 projections on its 10-acre operating greenhouse. This 10-acre greenhouse in Apopka, Florida is located in a designated legal grow zone with close proximity to Orlando, which has a local population of almost 2.5 million and attracts over 62 million visitors annually. The greenhouse business will provide Future Farm with cash flow while serving as a major building block for the Company as it prepares to position itself in the emerging Florida cannabis market, estimated to climb to $1.6 billion in medical cannabis sales by 2020.

The Company plans to upgrade the nursery’s technology platform with new computers and software, a new phone system and fully implemented automated accounting, inventory management and order tracking systems. In addition, the Company plans to activate the online ordering platform, which to date has been non-functional, to penetrate higher margin markets such as direct to consumer wedding sales. Finally, the Company plans to initiate an online and social media marketing effort in part by employing the services of an ad agency.

As of July 2017, Florida had approximately 26,000 registered medical cannabis patients, and by October the number of registered medical cannabis patients surged to 38,000. It is anticipated that these numbers will likely continue to grow significantly over the next few years, due to the large number of retirees residing in Florida. It is expected that the Florida cannabis market will be only second in size to California, which in the last quarter of 2017 had 34 percent market share of legal pot sales. Colorado, Washington and Oregon had 41 percent share combined as of the same time period.

“We continue to execute on our planned strategy of building a portfolio of valuable, revenue-generating assets in the fastest growing cannabis and hemp markets in the country,” says William Gildea, Future Farm’s CEO and Chairman. “Our portfolio has grown quickly over the past year with assets acquired in Rhode Island, Maine, California and Puerto Rico, in addition to the acquisition of our Florida greenhouse and nursery.”

For further information, contact William Gildea, Director, at 617.834.9467.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO & Chairman

About Future Farm
Future Farm Technologies Inc. is a Canadian company with projects throughout North America including California, Florida and Maryland. The Company’s business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generates yields up to 10 times greater per square foot of land. The contained system provides many other benefits including 90% less water, fertilizer and land used, less travel costs, seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability. The Company also utilizes a leading cannabis oil extraction technology, which enables the Company to process 20lbs/hour of cannabis plant to yield approximately 908 grams/hour of oil.

The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com, which caters to B2B customers, is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com, which caters to both large and small agriculture green houses and controlled cultivation centers.

The Company recently acquired the exclusive right to use a patented, augmented reality (AR) technology in the cannabis industry. As described in more detail above, the Company has decided to spin this asset off to its shareholders.

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.

William Gildea, CEO & Chairman
617-834-9467
bill@futurefarmtech.com

Source: Future Farm Technologies Inc.
 

Future Farm Hires Seaboard Services, Announces New Controller and Provides Warrant Update


VANCOUVER, British Columbia, - February 23, 2018  -- Future Farm Technologies Inc. (OTCQX: FFRMF) (CSE: FFT) (the "Company" or “Future Farm”) is pleased to announce the appointment of Seabord Services Corp ("Seabord") as its new accounting firm. Seabord will replace Cross Davis as the Company's existing accountant, effective February 1, 2018.

"Cross Davis has done an excellent job of helping to bring our company from its infancy stages to a $150M market cap company," says Bill Gildea, Future Farm's CEO. "Cross Davis did such a great job in fact, we have outgrown their service model. I am confident that Seabord will successfully see us through our next stages of growth."

Seabord Services Corp is a Canadian company that provides accounting, management, administrative and regulatory services to private and public mining and exploration companies operating throughout the world.

The Company is also pleased to announce that it has engaged the consulting services of Bryan Keaney as the Company's Controller. Mr. Keaney is a seasoned executive with over thirty years of financial, administrative and operational management experience within small and midsize ventures. Mr. Keaney most recently served as CFO in consulting and full-time capacities managing the fundraising, systems development and staffing growth required to achieve strategic goals resulting in higher valuations.

Mr. Gildea comments, "We are pleased to welcome Mr. Keaney on board as Future Farm's Controller. His expertise in strategic financial planning and analysis coupled with his regulatory reporting experience will benefit Future Farm and its shareholders."

The Company also announces that the remaining 1,152,857 outstanding warrants priced at $0.37 shall expire on March 7, 2018. Shareholders may still convert their $0.37 per share warrants into Future Farm's common stock until March 7, 2018.

Shareholders wishing to exercise their warrants are asked to contact the Company by following the instructions below:

Enquiries by email:
Belinda Tyldesley at closingbellservices@gmail.com

Original Warrant Exercise Forms and payment by way of certified cheque or bank draft payable to "Future Farm Technologies Inc." should be delivered to #501-543 Granville Street

Vancouver, BC V6C 5Z3 or by wire transfer in Canadian funds to Future Farm Technologies Inc. Wire instructions will be provided upon request.

On behalf of the Board,
Future FarmTechnologies Inc.
William Gildea, CEO & Chairman

About Future Farm
Future Farm Technologies Inc. is a Canadian company with projects throughout North America including California, Florida and Maryland. The Company's business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants, with a focus on cannabis. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generates yields up to 10 times greater per square foot of land. The contained system provides many other benefits including 90% less water, fertilizer and land used, less travel costs, seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability. The Company also utilizes a leading cannabis oil extraction technology, which enables the Company to process 20lbs/hour of cannabis plant to yield approximately 908 grams/hour of oil.

The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com, which caters to B2B customers, is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com, which caters to both large and small agriculture green houses and controlled cultivation centers.

The Company recently acquired the exclusive right to use a patented, augmented reality (AR) technology in the cannabis industry. As described in more detail above, the Company has decided to spin this asset off to its shareholders.

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.

For further information, contact William Gildea, Director, at +1-617-834-9467.

SOURCE Future Farm Technologies Inc.

-----------------------------------------------------------------------------------------
About Future Farm Technologies Inc.:

Future Farm is rapidly becoming a leading indoor plant growth technology company specializing in LED lighting and vertical farming solutions.

Future Farm's business model includes developing and acquiring technologies that will further its position as a leader in the evolving Controlled Environment Agriculture (CEA) market for the global production of various types of plants. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. The Company holds a worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generate yields up to 10 times greater per square foot of land. The contained system provides many other benefits including seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability.

Future Farm is also in the business of developing and distributing LED based lighting solutions for both commercial and residential applications. The focus is on delivering cost efficient lighting to North America via advanced e-commerce sites that the Company owns and operates. Future LEDCanada.com website, which caters to all Canadian consumers as well as B2B customers via Contractor and Re-Seller login areas, attracts thousands of customers per month. The Company also owns and operates COBGrowlights.com, which caters to both large and small greenhouses and indoor cultivation individuals. The Company’s Growthstar brand of LED lights have been top rated for almost 5 years and its newest COB and MCOB (Chip on Board and Multiple Chips on Board) technologies are proving to be game changers in the world of “LED Grow Lights” with 50% reduction in power use and many other benefits.

Company Is Focused on Four Key Market Segments

Cannabis
Legal in 28 states
expected to be worth
$50Billion by 2026

LED Lighting
LED Lighting market is $30Billion in 2016
Horticulture LED Lighting Market to Grow at 22.55% CAGR to 2020
Global LED Agricultural Grow Lights Market Worth $1.8 billion by 2021

Food Production
The world needs to produce at least 50% more food to feed
9 billion people by 2050
Vertical Farming Market worth 3.88 Billion USD by 2020

Applications
App Annie says mobile apps will be a
$101 billion industry
by 2020.

Meet The Management Team
William Gildea, Chairman & CEO

Mr. Gildea is the Founder and President of ECAP, LLC, a boutique investment firm committed to transforming environmental concerns into environmental and business opportunities. With over 20 years of experience, he is recognized as a pioneer in the field of environmental insurance and has a strong track record of successfully advancing environmental businesses and projects through effective finance and investment strategies. Mr. Gildea is also a Founder of Converted Organics Inc., a publicly traded company that utilizes a clean technology to manufacture organic fertilizer. Before founding ECAP, Mr. Gildea held senior positions at Connecticut Bank & Trust and Phoenix Investment Counsel. He was also a Founder and Managing Director of Environmental Warranty. Mr. Gildea holds an MBA from Rensselaer Polytechnic Institute.
Craig Stanley, Director

Mr. Stanley is CEO of CBO Financial, Inc., which he founded in 1999 as a financial consulting firm that aids mission driven organizations in the development and financing of projects that revitalize distressed communities. Since then Mr. Stanley and CBO have facilitated investment of $850 million in flexible, below market financing to help transform low income communities and the lives of people who call them home. CBO has received six awards totaling $150M from the U.S. Treasury Department under the New Markets Tax Credit program, in addition to securing 11 additional awards for clients totaling $378M. CBO is headquartered in Columbia, Maryland and serves a nationwide service area including Puerto Rico and Guam.
John Sweeney, Director

Mr. Sweeney brings with him 16 years of direct cGMP (current Good Manufacturing Practices) manufacturing experience in operations of industry leading biotechnology companies including Pfizer, Wyeth, Genzyme and most recently as Vice President of Operations at Tilray, a 60,000 square foot federally licensed Canadian medical cannabis operation on Vancouver Island. He has extensive knowledge and experience in the requirements of regulated manufacturing for commercial and clinical products and served as liaison for auditing regulatory agencies including the FDA and EMA. Mr. Sweeney holds an MS in Engineering Management from Tufts University in Medford, MA and a BS in Biology from the University of New Hampshire, Durham.
Scott McDermid

Mr. McDermid is a Vancouver Real Estate Investor. Scott has an extensive network of real estate investors who own facilities ready to convert lighting to LED.

What Are COB Grow Lights?

COB (Chips on Board) is a new technology of LED packaging for LED light engine. Future Farm Technologies believes its Growthstar “Scorpion” & “Spider” LED lights are the best performance and priced COB grow lights that are on the market today.

Why and How Chip-on-Board (COB) LEDs Reduce Cost and Save Energy in Lighting Designs

LEDs compete with traditional lighting sources in a number of ways, including greater energy efficiency, longer lifetime, and smaller size. However, the one drawback that has vexed many lighting designers is cost, which is a key reason why LED manufacturers continue to innovate to improve economies of scale. One of the newest packaging solutions designed to help lower costs is chip-on-board (COB) light source modules, in which the LED chips are in the form of a semiconductor chip that is neither encased nor connected but directly mounted onto a PCB or, more generally, a substrate. This packaging style also provides several related benefits, such as greater design flexibility, better light distribution, and simpler manufacturing processes.

There are other reasons why designers will want to seriously consider COB LEDs for their next design. In a recent report offered by Research and Markets, analysts note that COB LEDs, which are wide-area light emitters (so they also can be used in highway and streetlights), deliver three major benefits: better color mixing, better lighting effect, and low thermal resistance requirements. In addition, because these COB LEDs provide higher power density, more efficient heat dissipation, and require a smaller portion of the board space, they are very suitable for a variety of general lighting applications, according to the firm’s analysts.

LED Canada is a Canadian LED manufacturer and distributor of commercial grade LED lighting bulbs, fixtures, lamps, retrofits, and more. Since 2010, our Vancouver B.C. location has helped hundreds of Canadian Companies and Individuals achieve significant energy savings. Discover the lesser known benefits of making the switch to LED Lighting today!

Welcome to Canada's source for LED lighting:

Residential
Commercial
Retail
LED Bulbs, Tubes, & Fixtures
Architectural LED Lighting
 

SOURCE: www.futurefarmtech.com

Disclaimer