March 26, 2019 – 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
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.