SEATTLE, WA--(Marketwired - Aug 9, 2017) - CFN Media Group ("CannabisFN"), the leading creative agency and digital media network dedicated to legal cannabis, announces the publication of an article discussing Future Farm Technologies Inc. (
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The cannabis industry is expected to reach $10 billion by 2018, according to Arcview Market Research , and extracts represent the fastest-growing segment. Concentrates account for between 30% and 60% of legal market sales and many experts believe those figures will only increase as users ditch cannabis flower and move toward purified extracts. These extracts are particularly helpful for pharmaceutical products incorporating cannabinoids.
In February, Future Farm Technologies Inc. entered into a management agreement with a Los Angeles, California-based non-profit that has a sublicense to legally manufacture cannabis oil using a non-volatile method. The company has made tremendous progress since the agreement in building out a state-of-the-art facility capable of producing high-quality, standardized, pharmaceutical-grade cannabis extracts as well as creating a pipeline of qualified sales leads which are being finalized.
"Professional extraction and refinement equipment and procedures enable us to ensure product purity, safety, and dosage control that promises to be the most valuable link in the supply chain for the future of the cannabis industry," said Future Farm COO John Sweeney.
The patent-pending closed-loop liquid phase system uses falling film technology in a safe, non-pressurized design using alcohol as a solvent. Low temperatures and short residence times preserve all of the essential components of the cannabis plant, including cannabinoids, terpenes, and flavonoids. The company is currently getting its trim supply from leading organic cannabis farmers to obtain the highest-quality starting ingredients for the oils.
According to the company's investor presentation , the extraction technology is capable of processing 20 pounds of cannabis flower per hour with a 10% to 20% yield. An estimated wholesale price of $20.00 per gram means that the machine is capable of generating about $18,160 in revenue per hour. The company plans to execute sales agreements in 2017 as well as expand inventory and capacity ahead of California's move to legalize recreational cannabis, which could create a $6.5 billion market in early 2018.
COO John Sweeney leads the team in Los Angeles with over 15 years of experience at pharmaceutical giants like Pfizer Inc. and Wyeth. With a focus on both leading technology and high-quality inputs, Mr. Sweeney and his team aim to produce the highest quality extracts by leveraging the company's experience across several different industries, including lighting, vertical farming, and cultivation.
Please follow the link to read the full article: http://www.cannabisfn.com/future-farms-new-la...-high-bar/
For more information, visit the company's website at www.futurefarmtech.com or visit CannabisFN's company profile .
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About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
Disclaimer:
Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC, which owns CFN Media and CannabisFN.com , is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. Emerging Growth LLC may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. For full disclosure please visit: http://www.cannabisfn.com/legal-disclaimer/ .
CFN Media Frank Lane 206-369-7050 flane@cannabisfn.com
