July 6, 2018 – Vancouver, British Columbia – Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQX: FFRMF) announces that it has been unable to file its 2018 annual audited financial statements (the “Annual FS“), its related management’s discussion and analysis (the “Annual MD&A“), and CEO and CFO certifications (collectively, the “Required Filings“), which were due on June 28, 2018.
As a result, the Company is subject to a cease trade order issued by the British Columbia Securities Commission on July 5, 2018.
The Annual FS and Annual MD&A have been prepared, but the associated audit work remains ongoing and the Company is unable to file such materials until the audit has been completed. The Company believes that it will be in a position to complete the Required Filings on or before Tuesday, July 10, 2018 so that the cease trade order can be lifted and trading can resume.
For further information, contact William Gildea at 617.834.9467. On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, Chief Executive Officer
About Future Farm Technologies Inc.
Future Farm is a Canadian company with holdings throughout North America including California, Massachusetts, Florida, Maine, Puerto Rico and Newfoundland. The Company’s mission is to advance sustainable agriculture through production of wholesale and retail cannabis products, including hemp. As a leader in its field, Future Farm is committed to using only the highest quality processes and products. Towards this goal, the Company acquires or partners with licensed cannabis operators, and acquires or develops leading technologies in cannabis production, breeding, genetics, and Controlled Environment Agriculture (CEA). Future Farm’s scalable, indoor CEA systems utilize minimal land, water and energy resources. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generates yields up to 10 times greater per square foot of land.
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. There is no guarantee that the Company will complete the Required Filings within the indicated timeframe. 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.