October 17, 2018 – Vancouver, British Columbia – Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (OTCQB: FFRMF) is pleased to announce its commitment to socially responsible, non-GMO cultivation of the cannabis plant. It plans to implement this commitment by deepening its relationship with Rahan Meristem Ltd., a world renown global agro-biotechnology company incorporated in the State of Israel with more than 250 employees in five locations and over 40 years of experience in plant propagation and breeding (“Rahan”).
A key objective of the expanded work with Rahan is the creation of elite plant strains by in vitro mutagenesis, a proprietary technology developed, proven and patent protected by Rahan. The elite strains will be chosen based on their effectiveness for a variety of commercially valuable applications. For example, Future Farm’s new affiliate in St. John’s, Newfoundland, CEPG Consulting and Design Inc., is in discussions to develop a cannabis-infused bottled water product that would benefit from using one of the elite strains under development.
The Rahan methodology is, Future Farm believes, a superior alternative to the genetic modification of the cannabis plant proposed by multinational agribusiness companies like Monsanto.
The multidisciplinary work being done with Rahan combines state of the art technologies in the fields of cell culture, molecular genetics, analytical chemistry, phenomic tools, and computation technology, all in combination with sophisticated controlled environment agronomy. “We have gathered a highly motivated group of domain experts from a variety of professional backgrounds to reach our goals as quickly as possible,” says Rahan’s Scientific Director, VP of R&D.
For further information, contact Investor Relations at firstname.lastname@example.org or (888) 387-3761 Ext. 710.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, Chairman and CEO
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.
About Rahan Meristem Ltd.
Rahan Meristem is an agro-biotechnology company with more than 30 years of experience in plant propagation and breeding. We produce millions of plants every year and export to more than 20 countries around the world.
We are a privately-owned company headquartered in Rosh Hanikra, Israel, with additional production facilities in Colombia, the Philippines and Ecuador, and a distribution center in Costa Rica.
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.