September 14, 2017 – Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that its subsidiary FFM Consulting Services, LLC has completed the first cannabis oil sale out of the previously announced California oil extraction facility and is currently in discussions with large distributors whom are requesting pricing on 2,500 kilos of cannabis oil per year. The extraction facility team is using a unique process of running organic grape seed oil in its alcohol extraction equipment, which is capable of large-scale production.
“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,” says Bill Gildea, CEO of Future Farm. “This initial purchase order will establish the facility in the California market as a THC oil supplier. The cannabis oil market is rapidly expanding and we are working to close sales and preparing to scale up to meet demand as a contract manufacturer for other brands and growers across the state of California.”
According to cannabis market research firm the Arcview Group, California makes up more than one-fourth of all legal marijuana sales in the 50 U.S. states plus Canada combined.
Cannabis concentrates and edibles are the largest and fastest growing segments of the cannabis market, which many experts believe will overtake flower sales by 2020. The popularity of wax, shatter and oil has blossomed along with various consumption devices. The market is booming more so, however, because cannabis concentrates 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 in 2018 many in the concentrates niche believe it’s going to continue to explode in popularity.
Note: As previously announced, FFM Consulting Services, LLC, the majority owned subsidiary of Future Farm, is under contract for management services with local non-profit Patriot Extracts CA, Inc.
For further information, contact William Gildea, CEO and Chairman, at 617.834.9467.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO & Chairman