May 10, 2017 – Vancouver, British Columbia – Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that the previously announced state-of-the-art extraction machine, purchased by the Company’s majority owned subsidiary, FFM Consulting Services, LLC for the manufacture of concentrated cannabis oil and purified distillate, has been delivered to the California extraction facility.
Mr. John Sweeney, Future Farm’s COO, was on site for the delivery and oversaw the installation with the equipment vendor. He expects the secondary processing equipment to be set-up on May 11th, at which time Mr. Sweeney will perform the first shakedown run and simultaneously begin training staff. Data generation and process development is expected to commence on May 12th with the first independent run expected to occur on Monday, May 15th. For this initial test run 20 pounds of high quality trim is being processed.
The extraction equipment is designed to be able to rapidly scale the manufacture premium cannabis oil to supply the growing demand for cannabis concentrates in the state of California. The equipment utilizes a closed-loop system to produce high quality oil in a high throughput system with minimal maintenance and labor. Now that the equipment is delivered and installed, the Company expects the facility to be in full production within 90 days.
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
“We believe this alcohol extraction machine is the best extraction equipment on the market today, which allows us to be able to process large amounts of cannabis flower into highly pure concentrates from day one,” says Bill Gildea, CEO of Future Farm. “This equipment will immediately allow for high-volume and highly pure extraction production, which will benefit California’s medical marijuana community. Also, due to the significant processing power of the equipment, our subsidiary expects it will be able to offer contract manufacturer services for other brands and cultivators across the state of California.”
Cannabis concentrates and edibles are the largest and fastest growing segments of the cannabis market, which many experts believe will overtake cannabis whole flower sales by 2020. The market for cannabis concentrates is booming because they are used to make edibles, topical ointments, capsules and other packaged products that require a more professional extraction. As the recreational industry gets underway in California, many in the concentrates niche believe it’s going to continue to explode in popularity.
“We are excited to begin creating unique extraction products that are very high in quality as defined through a full complement of technical laboratory analysis,” says John Sweeney, Future Farm’s COO. “We will make data driven decisions that guide us in further refining our processes to maintain the very best cannabinoid, flavonoid and terpene profiles. The chosen method of extraction is safe, non-pressurized, reliable, and easy to use. The low temperatures and short residence times helps to preserve all of the essential oils and the consistency of operations including temperature, vacuum, and feed rates make it an ideal solution for scaling up.”
For further information, contact William Gildea, Director, at 617.834.9467.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO & Chairman
About Future Farm
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. 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 seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability.
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.