(TheNewswire)
Vancouver, BritishColumbia – TheNewswire - December 15, 2020 - Future Farm Technologies Inc. (the"Future Farm" or the "Company") (CSE:FFT) (OTC:FFRMF) is pleased to provide an update on the outstandingoperations of, and outlook for, its key operating unit, High PurityNatural Products.
High Purity Natural Products is aleading supplier of wholesale and bulk hemp-derived CBD products inthe United States.
"By the second quarter of 2021, funding and strategic businessdevelopment efforts by Future Farm will enable High Purity to offersignificantly greater manufacturing capacity for its customers,"says Bill Gildea, Future Farm's CEO.
Key results of this effort will include:
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- High volume production capability for tinctures, hand sanitizer,creams, balms, lotions, oral pouch products, tea bags, and split caps.
- Automated counting machines for gummies and gelcaps, providing evenfaster fulfillment.
- Expanded expertise in custom formulation work.
- Robust logistics, including third-party logistics, or"3PL," warehousing, fulfillment and shipping.
Strong Plan for 2021
Gildea continues, "The expansion of High Purity Natural Productsin 2021 will include a move to a new 10,000 square foot facility inSouthbridge, Massachusetts that will be equipped with high throughputmachinery. These improvements will increase the production capacity ofHigh Purity at least five-fold. We expect this increase to lead torapid revenue growth and a strong balance sheet."
Mike Matton, President and Founder of High Purity Natural Products,observed, "With the hemp-derived CBD market and our customer basegrowing, the support of Future Farm puts us in a great position toexceed our 2021 goals."
For further information, contact Investor Relations at investor@FutureFarmTech.com .
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO & Chairman
About Future Farm Technologies Inc.and High Purity Natural Products, LLC
Future Farm Technologies is a Canadian public company that, followingits merger with High Purity Natural Products, is now a leadingsupplier of top-quality health and wellness products, including thosemade from hemp, to meet the burgeoning demand in the U.S. and globalmarkets.
Future Farm's seasoned management team, now joined by the High PurityNatural Products management team, brings a deep understanding ofmanufacturing, formulation, marketing, sales, and operations with thefinancial and regulatory expertise needed to become a significantparticipant in the rapidly growing market for health and wellnessproducts made from hemp and other plants.
Neither the Canadian SecuritiesExchange nor its Market Regulator (as that term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy or accuracy of this release.
This news release may includeforward-looking statements that are subject to risks anduncertainties. All statements within, other than statements ofhistorical fact, are to be considered forward-looking. Although theCompany believes the expectations expressed in such forward-lookingstatements are based on reasonable assumptions, such statements arenot guarantees of future performance, and actual results ordevelopments may differ materially from those in forward-lookingstatements. There is no guarantee that the Company will be successfulin its efforts to further develop its existing hemp operations, orthat the Company will be able to raise sufficient capital to executeon its intended business plan and objectives. There can be noassurances that such statements will prove accurate, and, therefore,readers are advised to rely on their own evaluation of suchuncertainties. We do not assume any obligation to update anyforward-looking statements except as required under the applicablelaws.
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