Future Farm Purchases 15,000 sq. ft. Facility for Cannabis Cultivation | CashCropToday
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Future Farm Purchases 15,000 sq. ft. Facility for Cannabis Cultivation

February 2, 2018
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Future Farm Technologies Inc. (CSE: FFT) (CSE: FFT.CN) (OTCQB: FFRMF) announced this morning that it purchased a 15,000-sq. ft. located in the legally permitted zone in Providence Rhode Island. Future Farms plans to act as the landlord by leasing the property to a properly licensed cannabis cultivator in the area. This is just one of many of recent facilities in the industrial hemp and cannabis space that the company has acquired.

Just recently, Future Farms has invested in a number of different acquisition targets including a 10 acre greenhouse cultivation facility in Florida which generated $2.8M in revenue in 2017. It also purchased an additional 120 acre industrial hemp farm last year in Maine as well as a 12,960 sq. ft. of space in a 60,000 sq. ft. building in order to follow through on the company’s hemp cloning operation.

Future Farms also owns LED Canada, COB Grow Lights, and their own manufacturer extraction equipment for Cannabidnoids.

Link to the press release

About the CEO
William Gildea, Chairman & CEO
Mr. Gildea is the Founder and President of ECAP, LLC, a boutique investment firm committed to transforming environmental concerns into environmental and business opportunities. With over 20 years of experience, he is recognized as a pioneer in the field of environmental insurance and has a strong track record of successfully advancing environmental businesses and projects through effective finance and investment strategies. Mr. Gildea is also a Founder of Converted Organics Inc., a publicly traded company that utilizes a clean technology to manufacture organic fertilizer. Before founding ECAP, Mr. Gildea held senior positions at Connecticut Bank & Trust and Phoenix Investment Counsel. He was also a Founder and Managing Director of Environmental Warranty. Mr. Gildea holds an MBA from Rensselaer Polytechnic Institute.

Sources

Futurefarmtech.com

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