Vancouver, British Columbia, Jan. 03, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Future Farm Technologies Inc. (the “Company” or “Future Farm”) ( CSE: FFT ) ( OTCQB: FFRMF ) is pleased to announce that its Puerto Rico subsidiary, FFPR, LLC (“FFPR”), which Future Farm owns jointly with TCG Investments, LLC (“TCG”), owner of the “ Clínica Verde ” brand, is preparing to launch two new dispensaries in this calendar quarter. The first dispensary will be in Condado, a premier tourist area, and the second will be on University Avenue near the University of Puerto Rico Rio Piedras, the largest university on the island.
As previously announced, FFPR will open five dispensaries on the island by 2019's end. Construction at the University Avenue location is expected to be completed by mid-February, with the Condado location expected to be completed approximately five weeks later. Soon after completion of construction, each location will begin providing valuable healthcare alternatives to residents and tourists, with plans to expand services to include door-to-door delivery. Both locations will feature ample parking, perhaps one of the most valuable amenities for a dispensary on the island.
“We’re excited to start this next phase of our venture with the Future Farm family,” says Ramón E. Ortiz Cortés, TCG’s President. “Puerto Rico is rapidly expanding its patient base and as the industry leaders, we are ready to provide all patients reliable products at the best price all over the island.”
For further information, contact Investor Relations at investor@futurefarmtech.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.
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.
Investor Relations 8883873761 INVESTOR@FUTUREFARMTECH.COM
