Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that operations are in full swing at White Sand Nursery in Apopka, Florida.
Shipments of three truckloads per week of spring accent plants began in March to one of White Sand’s largest customers. As of the first week in June, a total of approximately 850,000 3.5” plants will have been shipped. The revenue from these shipments will be approximately US$500,000 against expenses of about US$75,000.
In addition to the spring sales, pre-booked orders for approximately 845,000 plants from customers across the United States are being prepared for the fall season. These plants will be placed into containers around a poinsettia for the Christmas holiday season.
“I am pleased with the achievements that management has made at White Sands,” comments William Gildea, CEO of Future Farm. “It is exciting to see truckloads of our high-quality products going out the door looking healthier than ever before.”
For further information, contact Investor Relations at (888) 387-3761 ext. 710.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO
About Future Farm Technologies Inc.
Future Farm Technologies is a diversified Canadian company focused on the emerging cannabis market with holdings throughout North America including California, Massachusetts, Florida, Maine, Puerto Rico and Newfoundland. Future Farm is operating or developing cultivation, processing, retail and technology/breeding innovation businesses in both the marijuana and hemp-for-wellness segments of the cannabis market. The Company also has significant experience in sustainably growing organic produce indoors and is developing opportunities in that market. The deep operational, financial and regulatory expertise of Future Farm’s outstanding management team put it in a strong position to grow its existing businesses and through acquisitions and joint ventures.
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.
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