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Future Farm Technologies Inc (CSE:FFT)

Summary

Future Farm Technologies Inc. is a Canadian Securities Exchange and OTCQB listed company based in Vancouver, Canada. The company is focused on developing and commercializing LED and vertical farming solutions, as well as cannabis opportunities.

Market Overview

$0.21 (9.520%)
Vol 715,365.00
10 Days Avg Vol 412,421.22
3 Mo Avg Vol 256,969.57
52 Wk Lo/Hi $0.08 - $2.08
YTD Price Gain % 0%
12 Wks Moving Avg 0.239833
200 Days Moving Avg 0.309775
Market Cap 7,431,111

Company Background

Future Farm Technologies, Inc. (CSE:FFT, OTCQB:FFRMF) is rapidly becoming a leading indoor plant growth technology company specializing in vertical farming solutions, cannabis oil extraction and LED lighting.

Highlights

Future Farm develops and acquires technologies in the Controlled Environment Agriculture (CEA) market for production of cannabis and various non-medical plants. The Company holds a worldwide license to use a patented vertical farming technology, which generates 100 times more yield compared to conventional farming methods. The Company is also in the business of extracting cannabis oil. Currently, Future Farm also generates revenue by selling light-emitting diode (LED) lightings through online portals COBgrowthlights.com and LEDCanada.com. COBGrowlights.com supplies LED lightings for greenhouses and indoor cultivation for consumers in the US and Canada, and LEDCanada.com supplies commercial, retail and agricultural LED lightings to consumers based in Canada. Future Farm’s focus is to grow its footprint throughout the United States by obtaining cultivation and extraction licenses in geographies including, but not limited to, California, Florida, Maryland and Rhode Island while utilizing its technology and expertise to become one of the leaders in the growing Cannabis market.  
  • Emerging as leader in state of the art extraction technology
  • Diversified multi-state portfolio of Cannabis and Produce projects – California, Florida, Rhode Island, Maryland
  • Award winning COB LED grow lights ready & ETL approved for sales to North America
  • Looking to Become Cash Flow Positive by Q417

Share Structure

Future Farm Technologies, Inc.
CSE: FFT / OTCQB: FFRMF
Share Structure
    Common Shares 90,168,859
    Outstanding Options 3,400,000
    Common Stock Warrants 5,706,121
Fully Diluted Shares 99,274,980
    Board and Management Holdings 5%
Share Trading Activity CSE: FFT (CAD$) OTCQB: FFRMF (USD$)
    3 month average daily volume(shares) XXX
    52 week low/high ($/share) $0.08 / $0.63 $0.05 / $0.755
    Current Share Price (Date) $0.36 $0.27
    Average Warrant Price $0.36
Market Capitalization (I/O) XXXXXXX
Cash Balance XXXX
Debt Outstanding XXX
(all amounts as of April 27, 2017)

Other Information

Future Farm has three key business segments:
  1. cultivation technology
  2. cannabis oil extraction and
  3. commercial lighting and growing supplies (LED lighting).
In the cultivation technology segment, the Company develops and acquires technologies in the Controlled Environment Agriculture (CEA) market to produce cannabis and other plants. In the cannabis oil extraction division, the Company’s subsidiary (FFM Consulting Services, LLC) manages an extraction facility and a separate cultivation facility for a California-based non-profit company. The Company’s LED lighting segment manufactures and supplies LED lights through online portals for commercial, retail, residential and agriculture usage. The Company is focused on growing its business in California, Florida, Maryland and Rhode Island.

Management Profiles

Bill Gildea, MBA

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 record of successfully advancing environmental businesses and projects through effective finance and investment strategies.

John Sweeney

Director & COO

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 record of successfully advancing environmental businesses and projects through effective finance and investment strategies.

Scott Davis, CPA, CGA

CFO

Mr. Davis is a partner of Cross Davis & Company LLP Chartered Professional Accountants. His experience consists of senior management positions, including four years at Appleby as an Assistant Financial Controller, two years at Davidson & Company LLP Chartered Professional Accountants as an Auditor.

Scott McDermid

Director, Manager of LED Canada

Mr. McDermid is the proprietor of Rocky Mountain Investments, a real-estate investment company. Mr. McDermid’s experience in land development and real estate management extends over 20 years.

Craig Stanley

Director

Mr. Stanley is CEO of CBO Financial, Inc., which he founded in 1999 as a financial consulting firm that aids mission driven organizations in the development and financing of projects that revitalize distressed communities. Since then, Mr. Stanley and CBO have facilitated investment of $850 million in flexible, below market financing to help transform low income communities and the lives of people who call them home. CBO has received six awards totaling $150M from the U.S. Treasury Department under the New Markets Tax Credit program, in addition to securing 11 additional awards for clients totaling $378M. CBO is headquartered in Columbia, MD and serves a nationwide service area including Puerto Rico and Guam.