FinancialNewsMedia.com News Alert: VANCOUVER, British Columbia, – (http://www.financialnewsmedia.com News Alert) – Future Farm Technologies Inc. (OTCQB: AGSTF)(CSE: FFT) (the “Company” or “Future Farm”) is pleased to announce that its subsidiary, FFM Consulting Services, LLC, a California limited liability company, has entered into a management agreement with a California non-profit company. The non-profit has secured a sublicense to legally manufacture cannabis oil using a non-volatile method compliant under the Medical Marijuana Regulation And Safety Act (“MMRSA”), in South-eastern Los Angeles County, California.
The non-profit will produce highly pure cannabis concentrates to supply California’s medical marijuana patients’ rapidly growing demand for both THC and CBD oil. The company will also focus on increasing inventory and capacity as California prepares to create a market for legal recreational cannabis. FFM Consulting Services, LLC, which is majority owned by Future Farm Technologies, will manage the new state-of-the-art extraction facility.
California is the 6th largest economy in the world and according to ArcView Research the cannabis market in California is expected to reach US$6.5 billion by 2020. Read this and more news for AGSTF at http://financialnewsmedia.com/profiles/agstf.html
“We’re thrilled to have reached this major milestone for our emerging company and excited to have the opportunity to manage this extraction facility as it allows us to showcase our ability to expertly manage the production of consistent and pure concentrates,” said Bill Gildea CEO of Future Farm Technologies. Cannabis concentrates and edibles are the largest and fastest growing segments of the cannabis market. The market is accelerating as consumers become more educated on the various oil infused products that can be produced, as well as how well they work. As consumers become more educated, they grow more interested in using oil as a flower alternative.
“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,” commented John Sweeney, COO of Future Farm Technologies.