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Future Farm Announces Rapid Build-Out of Cannabis Extraction and Cultivation Projects in California

Ryan Allway

April 13th, 2017

News, Top News

Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that it has contracted with Christopher Lesh to provide professional consulting services related to business acquisitions, cannabis cultivation, and sourcing raw materials for extraction or resale. Mr. Lesh has over 10 years experience within the cannabis cultivation and dispensary industry in Washington State and previously served as the Production Director for Privateer Holdings, Inc. Mr. Lesh currently serves as an advisor on Future Farm’s Cannabis Advisory Board.

“We are pleased to bring Chris Lesh on board as a Future Farm consultant and look forward to working with him,” says Mr. William Gildea, Future Farm Technologies Inc.’s CEO and Chairman. “As a member of our Cannabis Advisory Board, Chris has proved to be an invaluable resource when it comes to sourcing capital, advising with respect to increasing production capacities, and helping to set up the Company’s facilities. We look forward to working with him more closely on all of our projects currently under development.”

“I am excited to be part of this emerging company and look forward to helping out as I can to execute on the initiatives currently underway in CA as well as Washington State,” says Chris Lesh.

Future Farm is also pleased to announce that its subsidiary, FFM Consulting Services, LLC is making progress in California with respect to the management services being provided to the Huntington Park extraction facility and the Riverside County cultivation facility.

As previously announced, the extraction equipment has been procured and is expected to be delivered and installed in Huntington Park in early May.  Staff hiring is complete, and following equipment installation formalized training of the hired staff will occur. An operational budget has been completed and initial marketing and branding discussions are underway to develop product packaging. In addition, the engineering design of the extraction lab is complete and facility upgrades are proceeding to accommodate delivery of the extraction equipment.  In addition to the setup of the extraction lab, equipment and raw materials are being sourced and stocked for immediate start-up.

Projected vendor recommendations with respect to the state-of-the-art extraction equipment is as follows:

  • Load Capacity per 1 hour run = 20lb
  • Run Time = 1 hour (24 potential runs daily)
  • Oil yield = 10% on average (potential for 15%-20% based on the quality of input material)
  • Estimated oil yield per 1 hour run = 908 grams
  • Estimated wholesale price per gram = $10-$20
  • Potential revenue per hour = 908 x $10 = $9,080 to $18,160

In addition to the extraction facility work in Huntington Park, the facility modifications of the cultivation operation in Riverside County are underway. Cultivation room framing and wall finish application is complete as well as facility utilities including electrical supply. General electrical installation is also underway including engineering design of lighting solutions; as is procurement of equipment, including vertical grow towers and LED lights. The lighting installation is currently scheduled for April 15th. It is expected that cultivation of plants will begin within the facility on or about May 1st.

For further information, contact William Gildea, Director, at bill@futurefarmtech.com.

On behalf of the Board,

Future Farm Technologies Inc.
William Gildea, CEO & Chairman

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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