(TheNewswire)
August 12, 2022– TheNewswire - Vancouver, British Columbia - Future Farm Technologies Inc. (the “Company,” “Future Farm” or “FFT”)( OTC:FFRMF ) is providing an update to itsshareholders.
Future Farm has not yet been able to close a financingthat would provide the resources to complete audits and meet otherrequirements to allow its shares to trade again. The recent (July27) delisting by the CSE of Future Farm shares will be addressed bythe company applying to list again after it has completed its auditsand met other reporting requirements. At this point, management doesnot have enough information to accurately predict when it will meetthose goals.
Notwithstanding the challenges it has encountered, themanagement of Future Farm remains highly engaged to find the fundingto support both the business operations and to get the stock tradingagain.
As part of the effort to find funding, Future Farm isimplementing a strategy to leverage its expertise in plant-basedproducts and sustainable technology to find funding at the subsidiarylevel. It is pursuing this strategy for both its High Purity NaturalProducts subsidiary (contract manufacturing of plant-based health andwellness products) and its CEPG subsidiary (licensed Canadian cannabismicro-grow and research company).
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, Chairman
For further information, contact Investor Relations at investor@FutureFarmTech.com .
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 successful in its effortsto further develop its existing hemp operations, or that the Companywill be able to raise sufficient capital to execute on its intendedbusiness plan and objectives .There can be no assurances that such statements will prove accurateand, therefore, readers are advised to rely on their own evaluation ofsuch uncertainties. We do not assume any obligation to update anyforward-looking statements except as required under the applicablelaws.
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