Future Farm Archives - Green Market Report

StaffStaffMarch 7, 2018
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This is your quick hit of news for March 7, 2018.

Marapharm Ventures Inc.

Marapharm Ventures (MRPHF)  gave a progress report on its Washington facility. The copany said that the rehabilitation of the cultivation site will be completed by the end of March.

“During the renovation, we have worked closely with our architect and engineering partners to design one of the most advanced and environmentally friendly cannabis cultivation sites in North America. To operate in the Pacific Northwest climate the 28,000 sq. ft building has a new silicone membrane roof and the interior has been insulated with expanding, closed cell foam. Our flagship tenant AlphaPheno Inc., a tier 3 producer and processor will be able to cultivate 30,000 sq. ft of plant canopy, the maximum allowed by the license, in just 28,000 sq. ft of floor space with minimal water, power, and waste.”

“These engineered solutions will produce higher quality cannabis with the lowest cost of production compared to conventional indoor cultivators and shorten our return on investment timeline.” Kurt Keating, Director of Operations.

Future Farm Technologies Inc.

Future Farm Technologies (FFRMF) announced that its Puerto Rico subsidiary has signed the first of five planned leases for its Clinica Verde branded Puerto Rico dispensaries. Future Farm expects to sign two more leases in the next thirty days with the additional two leases to follow soon after. The Future Farm Clinica Verde branded dispensary is located in the Condado neighborhood of San Juan, one of the island’s most highly trafficked areas.

EVIO, Inc.

EVIO (EVIO), reported that it had recently invested $800,000 in new equipment upgrades at its EVIO Labs Massachusetts facility and its EVIO Labs Colorado licensee. According to senior management, these equipment upgrades will significantly increase testing volumes to meet increased demand and testing requirements, leading to improved operating efficiencies and revenue growth.

EVIO currently operates 9 cannabis testing laboratories in five states, a coast-to-coast footprint that continues to keep pace with the cannabis testing market, one of the most attractive and investment-friendly segments of the overall legal marijuana industry- a space that has exploded onto the investment scene over the last few years, and continues on a rapid growth trajectory.

Hiku Brands Company Ltd.

Hiku Brands Company  (CSE:HIKU) gave an update on the its recent corporate development initiatives. Hiku’s wholly-owned subsidiary DOJA Cannabis Ltd. submitted its application to Health Canada for the production of medical cannabis oils at its second site facility located in Kelowna, British Columbia. Hiku also announced it signed a strategic partnership agreement with Vitalis Extraction Technology Inc.  where Vitalis will advise on the build-out of DOJA’s extraction lab, partner on certain research and development initiatives, and supply the FUTURE LAB with Vitalis’ Q-90 supercritical CO2 extraction system – which is capable of processing up to 80 kg of cannabis flower per day into ultra-pure, exceptionally-clean, high-quality cannabis oils without the use of any toxic solvents.

Sugarmade Inc.

Hydroponic company Sugarmade (SGMD) announced the completion of internal financial system enhancements in order to begin recognizing revenues from its master marketing agreement with BizRight Hydroponics, Inc. Additionally, Sugarmade announced the completion of its year-end audit in preparation for its year-end, and other, financial filings and its intent to soon offer formal revenue growth guidance for year-end 2018 and 2019.

For the past few months, the staff at Sugarmade has been implementing a plan to significantly increase corporate accounting and financial resources to manage the over 400% revenue growth planned for the next few years. With these functions largely completed, the company’s staff is now beginning testing on live orders and revenue flows from BizRight products, in order to begin recognizing these new revenue streams.


William SumnerWilliam SumnerJanuary 19, 2018
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Future Farm Technologies (FFRMF), a Canadian cannabis company with multiple projects throughout the United States, today announced that it entered into a definitive agreement with New England CCS to acquire a 51% stake in FlipCoin, a new cryptocurrency application and Point of Sale (POS) platform.

As cannabis dispensaries across the nation struggle to find adequate banking services under the onerous guidance of the Department of Justice and United States Attorney General Jeff Sessions, who has promised to crack down on the legal cannabis industry, more and more cannabis companies have begun turning towards cryptocurrencies as the solution.

“Under current US Federal law, dispensaries are un-bankable,” said Bill Gildea, CEO of Future Farm, in a statement. “As the industry has grown, an expensive problem for dispensaries has emerged. We believe the unique nature of cryptocurrencies – based on fast, secure, and proven blockchain technology – has the potential to be a game-changer by solving this multi-billion dollar problem.”

Similar to the credit card processing application Square, FlipCoin will allow cannabis dispensaries to accept cryptocurrencies such as accept Bitcoin, Ethereum, Bitcoin Cash, or Litecoin as payment. Expected to launch within the next three weeks, New England CCS plans to install the application within nine of its portfolio dispensaries and to white label the application for dispensaries around the world.

Soon FlipCoin will also become integrated with Coinbase, which is the largest broker exchange of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and other digital assets with fiat currencies in 32 countries. With over 13 million accounts, Coinbase is also the most downloaded app in the Apple Store and is expected to continue to add more than 100,000 new daily sign-ups.

As part of the deal, Future Farm has agreed to issue 120,000 shares of its common stock to New England CSS and another 10,000 shares of its common stock to Derek Ross as a finder’s fee.

Future Farm is not the only cannabis company to join the blockchain club. Earlier in the week, mCig Inc. (MCIG), announced the website launch of its blockchain focused company OBITX Inc. Focusing on combining blockchain technology with real-world applications, OBITX plans on launching KRYP ATMs, which allows individuals to buy and sell cryptocurrencies as well as make cash withdrawals.



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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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