Future Farm Continues to Build Augmented Reality Cannabis Platform
November 9th, 2017
News, Top News
VANCOUVER, BC–(Marketwired – Nov 9, 2017) – Future Farm Technologies Inc. (the “Company” or “Future Farm”) ( CSE : FFT ) ( OTCQB : FFRMF ) is pleased to announce that it has engaged the services of Anthony Flores as marketing and brand manager to help build its Augmented Reality (“AR”) platform brand. As previously announced, Future Farm has acquired the exclusive right to use AR E1, LLC’s (“ARE1”) patented AR technology within the cannabis industry. Future Farm and ARE1 will work together to merge AR and ad-tech with the cannabis industry through the CannaCube Live™ platform.
See Augmented Reality Video Here: Augmented Reality Cube
An overview of the business model is available for download on Future Farm’s website or by using the following link: Augmented Reality Presentation
Flores’ ten years of experience in strategic marketing, coupled with his four years of Augmented Reality marketing, brings a unique strength to this pivotal marketing role. His wide portfolio includes strategic marketing to creative direction of innovative experiential programs Swarovski, Pepsi, Mercedes Benz, and Zound Industries. In addition to his agency experience, Flores brings a strong background in lifestyle positioning serving the cannabis industry, having worked on strategic marketing and retail positioning campaigns for PAX and Golden State Sciences.
Flores will play a key role in strategic marketing of the Augmented Reality CannaCube Live™ platform advancing its portfolio of Augmented Reality marketing capabilities to dispensaries, cultivation and extraction facilities and other marijuana businesses.
“I am tremendously impressed with this leadership team, its progressive model and its ability to realize the vision of a modern cannabis industry that leverages Augmented Reality,” says Flores.
“We are pleased to have engaged the services of Mr. Anthony Flores,” says Bill Gildea, CEO of Future Farm. “The AR market is estimated to grow to a $120 billion industry by 2020. Mr. Flores’ services will help the CannaCube get into the hands of diverse marijuana businesses, thereby allowing Future Farm to be at the forefront of this fast growing cannabis market and fast growing technology.”
The AR market is expected to explode from a $10 billion market today to $120 billion over the next two years as Apple, Google, Microsoft, and Intel are now launching software and hardware to support this dynamic and fast-growing industry. Future Farm is aiming to carve out its niche in the cannabis market with augmented reality enhanced packaging for branding as well as an ad-tech driven platform where dispensaries, cultivators, processors and others will use its AR platform to create a richer customer experience in dispensaries, and at home.
For further information, contact William Gildea, CEO and Chairman, 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, generate 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. The Company will work with its partner to merge AR and ad-tech with the cannabis industry through the CannaCube LiveTM platform.
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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