October 10, 2018 – Vancouver, British Columbia – Tilray alumni Phyllis Vena and Christopher Lesh have their sights set on replicating Tilray’s success for Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: Future Farm) (OTCQB: FFRMF) as Future Farm moves its diverse portfolio of business units from the developmental to operational phase. With harvest under way in Maine, revenue and profit increasing in Florida, dispensaries soon to open in Puerto Rico, and a rapidly expanding portfolio throughout North America, Phyllis and Chris are overseeing logistics planning and execution for all aspects of the Company’s business.
Connecting multi-phased business units requires cutting-edge solutions. Phyllis is addressing this requirement with best-in-class techniques to complement Future Farm’s research and development and cultivation capabilities. Before joining Future Farm, Phyllis worked for Privateer Holdings, which launched and operated Tilray until its 2018 IPO. Among her achievements while working at Tilray were the creation and implementation of the company’s pricing framework, strain-level sales forecasting and inventory and production plans for Tilray Canada. Phyllis also set strategic plans for Tilray Global, the company’s international export initiative, helping Tilray to become the first GMP-certified cannabis producer in North America in 2016, which enabled international distribution.
From a grower’s perspective, there is no cultivation DNA in the Tilray stable without Chris’ fingerprints on it. Chris was one of Tilray’s first head growers and oversaw every phase of grow operations from facility design to construction, environmental controls, plant profile health and tracking, staff training and coordinating production cycles. It was only after Tilray’s first cultivation successes that Chris passed the torch to his successor. Today, Chris is spearheading a sophisticated cultivation strategy for Future Farm to utilize in Florida, California, Maine, Canada, Massachusetts and beyond.
At this critical time for Future Farm, success will be found in its people. “We at Future Farm know that the key to success is building a team that continually redefines the bar for success,” said William Gildea, CEO of Future Farm. “We are very excited to be working with professionals like Phyllis and Chris as we expand our operating portfolio.”
Phyllis and Chris’ areas of deep expertise are now key parts of Future Farm as the Company continues to bring best-in-class management to its diverse portfolio of cannabis and other businesses.
For further information, contact Investor Relations at email@example.com or (888) 387-3761 Ext. 710.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, Chairman and CEO
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.
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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.