Future Farm and Top Florida University to Partner on Industrial Hemp Research
March 26, 2019 / TheNewswire / Vancouver, British Columbia - After a five-month long selection process, Future Farm Technologies Inc. (the "Company" or "Future Farm") (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that it has been selected by Florida Agricultural and Mechanical University ("FAMU") to enter into a research partnership to grow hemp in Florida. This is a major milestone and achievement for Future Farm, since it is one of only two entities selected out of eleven applicants.
FAMU is home to a wide variety of institutes and centers where faculty and students conduct research to develop real-world solutions to society's challenges. Future Farm appreciates that FAMU recognized its experience growing hemp in the state of Maine and its knowledgeable management team.
The partnership allows Future Farm to be one of the first companies to plant hemp in Florida. FAMU's staff and students will conduct joint research with Future Farm in the areas of pharmacology, agriculture technology and bio-sciences to develop the ideal cultivars for Florida's various climates and soil conditions.
As previously announced, Future Farm's partnership with FAMU builds on its work with Rahan Meristem, Ltd. to apply molecular and analytical tools for the discovery of scientifically recognized medicinal and industrial uses of hemp-derived products.
Although there is legislation introduced to legalize hemp in Florida, following the passage of the 2018 U.S. Farm Bill, we have no idea when the laws and standards will be finalized
says Jim Cincotta, manager of the Company's Florida operations.
This partnership allows us the opportunity to get an early start on the research and FAMU will share in the benefits
For further information, contact Investor Relations at (888) 387-3761 ext. 710.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO
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.