Future Farm Leverages Experienced Team to Build Value


Ryan Allway

May 3rd, 2017

News, Top News


The single most important area of due diligence for a micro- or small-cap company is the management team. After all, most development-stage companies haven’t reached product-market fit or fully realized their vision. Investors are essentially betting that the management team will be able to navigate the industry and effectively execute on their business plans to build long-term value for shareholders.

In this article, we will take a closer look at Future Farm Technologies Inc.’s (CSE: FFT) (OTCQB: FFRMF) management team and why they are uniquely qualified within the cannabis industry.

CEO

Chairman and CEO William Gildea has over 20 years of experience in environmental businesses as the founder of ECAP LLC, a boutique investment firm committed to transforming environmental concerns into business opportunities. Before founding ECAP, he held senior positions at Connecticut Bank & Trust and the Phoenix Investment Counsel, as well as founded Environmental Warranty and Converted Organics Inc.

Operational Experience

Director & COO John Sweeney has 16 years of direct cGMP manufacturing (current good manufacturing practices) experience at industry-leading biotechnology companies like Pfizer, Wyeth, and Genzyme. In addition, he has industry experience as the former Vice President of Operations at Tilray, a 60,000 square foot federally licensed Canadian medical cannabis operation in Vancouver Island where he played an important role in developing the facilities.

Mr. Sweeney’s extensive knowledge and experience in the requirements of regulated manufacturing for commercial and clinical products make him uniquely qualified to help build out Future Farm’s operations. As a former liaison for auditing regulatory agencies like the FDA and EMA, he’s also uniquely qualified to handle the many regulatory hurdles that companies face operating in the burgeoning cannabis industry.

Mr. Sweeney is supported by a talented advisory board that consists of industry professionals throughout the country. For example, Chris Lesh has over 10 years of experience with cannabis cultivation and dispensing in Washington State, while Derek Ross has worked as an industry consultant for over 10 years helping design facilities for clients. These individuals and others bring valuable connections to Future Farm as it builds its presence.

BOD

Mr. Gildea is supported by Directors Scott McDermid and Craig Stanley. Mr. McDermid is a real estate investor that has built up an extensive network of real estate investors that own facilities ready to convert lighting to LED technologies. And, Mr. Stanley founded a successful consulting firm – CBO Financial Inc. – that has helped mission driven organizations in the development and financing of projects that revitalize distressed communities.

CFO Scott Davis, CPA, CGA, is a CPA that has past experience in several senior management positions, including four years at Appleby as an Assistant Financial Controller and two years at Davidson & Company LLP as an Auditor.

Looking Ahead

Future Farm Technologies Inc. (CSE: FFT) (OTCQB: FFRMF) has an experienced management team with a strong track record in both finance and operations. In conjunction with its advisory board, the company is well-positioned to execute on its goal of becoming a leading indoor plant growth technology firm specializing in LED light, mobile applications, and vertical farming solutions powered by both organic growth and accretive acquisitions.

Investors may want to take a closer look at the stock as the experienced team focuses on building its Los Angeles California extraction business and cultivation operation with the extraction business going live this month of May and the first crop being harvested in the Month of August.

Also keep a lookout for its 15-acre parcel of land in Miami-Dade county and 10-acre greenhouse near Orlando, Florida that it intends to develop into cannabis grow operations. With Florida’s cannabis industry expected to top $1.8 billion by 2020, the state could become an important market and the company is positioning itself as a leading presence.

For more information, visit the company’s website or see their investor presentation.

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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