Denver, Colorado, April 27, 2015 (GLOBE NEWSWIRE) -- FutureWorld Corp. (OTC: FWDG), a leading provider of advanced technologies and solutions to the global cannabis industry, announces today that its subsidiary, FutureLand Corp, expands its corporate reach in the States of Washington, Oregon, California and Nevada for the purpose of facilitating land leases and building grow facilities in conjunction with its partner Second Sun LLC.
Under the Memorandum of Understanding agreement signed on April 24 th 2015, FutureLand will provide financing, land lease, grow house technologies and maintenance (through an agreement with HempTech). Second Sun will discover opportunities in cannabis grow facilities and dispensaries all throughout the USA, negotiating related agreements and contracts, licensing and permits and license holder representation and negotiation. Currently we are looking at several major opportunities in Oregon, Washington, California and Nevada alongside our current projects in Colorado.
Mark Putney from Second Sun is excited to partner with FutureLand on their many projects in the western United States. Second Sun Grow and FutureLand's association will give customers additional tools to be successful in cultivation, dispensing and retail operations by providing investment capital, real estate and equipment.
We expect to fund and lease up to four projects by the end of 2015 in conjunction with our sister company HempTech Corp. Our financial proforma calls for 200% increase in lease opportunities year in, year out. We expect increased revenue on a year over year basis.
Many reports predicts that 14 more states will legalize marijuana for recreational adult use in the next five years, creating a potential $10.2 billion cannabis market by 2018. There are an estimated seven to thirteen additional states that will contemplate legalization just in 2015, according to Viridian Capital & Research. Market for ancillary products, such as security equipment, grow tools, apps and paraphernalia, has the potential to drive growth still further.
As the only Cannabis Technology Accelerator, FutureWorld will incubate and fund leading technologies, products, and services for Cannabis industry (Industrial Hemp) for foreseeable future; bringing value to its core and its shareholders.
About FutureLand Corp.
FutureLand Corp, a Colorado company, is a lessor of land, grow facilities and provider of leading edge grow technologies to the emerging global cannabis (hemp) market. FutureLand, focuses on target acquisition, zoning, license fulfillment, site plan preparation and financing of cannabis or hemp grow facilities throughout the United States. We give growers the opportunity to grow. We monetize through leasing the land, leasing the structures on the land, financing interest revenue and management fees associated with cultivation centers. FutureLand retains ownership of all the land and the structures we build on the land. FutureLand leases to both medical marijuana, retail marijuana as well as industrial hemp growers. FutureLand does not grow, harvest, sell or distribute marijuana or any substances regulated under United States law such as the controlled substance act.
To request further information about FutureLand, please email us at info@futurelandcorp.com, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook page facebook.com/pages/FutureLand-Corporation/848802538518505 or on Twitter @futurelandcorp
About FutureWorld Corp. FutureWorld (OTC: FWDG), a Delaware corporation, is a leading provider of advanced technologies and solutions to the global cannabis industry. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products and services, such as industrial Hemp. FutureWorld, through its subsidiaries, provides personal and professional THC and CBD test kits, pharmaceutical grade CBD oil solutions, SafeVape vaporizers, smart sensor technology, communication network, surveillance security, data analysis for smart cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld and its subsidiaries do not grow, harvest, distribute or sell marijuana or any substances regulated under United States law such as the controlled substance act.
To request further information about FutureWorld, please email us at info@futureworldcorp.com, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook page facebook.com/futureworldenergy or on Twitter @futureworldinc.
Forward-Looking Statements This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
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