April 10, 2019 / TheNewswire / Vancouver, British Columbia - Future Farm Technologies Inc. (the "Company" or "Future Farm") (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that its Canadian subsidiary, CEPG Consulting and Design Inc. ("CEPG"), has retained the services of Mr. Gary Harnum to, among other things, prepare and submit various cannabis and hemp license applications to Health Canada and to assist with adding the Company's Cherry Wine hemp seeds to the approved list of commodities allowed to trade between the US and Canada.
One license application has been submitted to Health Canada as part of a potential collaboration between CEPG, Rahan Meristem (1998) LTD ("Rahan") and The Memorial University of Newfoundland ("MUN") to develop a research program for the characterization of elite Cannabis clones. Mr. Harnum will assist with the nuances of six additional cannabis license applications across the territory.
Mr. Harnum has several years of experience in the food industry to ensure regulatory compliance with the Food and Drug Act and Regulations as well as both the Federal and Provincial Fish Inspection Act and Regulations. He has taught many food-related courses and provided curriculum development with regard to food law, food safety and sanitation, HACCP, FSEP, QMP, which have provided him the opportunity to develop a strong working relationship with both Federal and Provincial Regulatory Agencies. Mr. Harnum's education includes a Masters in Science in Food Safety (MSU), a Post Graduate Certificate in International Food Law and Regulations (MSU), a Bachelor of Food Technology (MUN), a Teaching Certificate in Post-Secondary Education (MUN) and Diploma of food Technology (MI).
"I have worked with Gary on several projects over the years and am confident in his ability to get these various tasks completed as we expand our outreach in Newfoundland-Labrador and beyond," comments Chris Snellen, president and CEO of CEPG. "Each license application to Health Canada involves a tremendous amount of work, including knowledge of both the provincial regulations and of the cannabis plant itself, so we are lucky to have a local expert as part of our team."
Another important part of Mr. Harnum's engagement will be to effectively open the Canada-US border for the transport of Cherry Wine hemp seeds grown in Maine. There is currently a set list of hemp seed strains that have been approved, so adding Cherry Wine will enable a seamless transaction to sell and ship the Company's product to Canada.
"Acceptance of Cherry Wine hemp seeds into the approved Health Canada repository will not only pave the way for Future Farm to conduct international business but can also serve as a catalyst sector-wide," comments William A. Gildea, CEO of Future Farm.
As part of the consideration for Mr. Harnum's consulting work, Mr. Harnum is entitled to receive 200,000 common shares (hereinafter the "Shares") in Future Farm, said Shares to be valued on the day of issuance and issued to Consultant as follows: 1) 50,000 shares to be issued upon execution of the Agreement, 2) 75,000 shares to be issued upon last date of submission of each of the aforementioned license applications, and 3) 75,000 shares to be issued upon date of receipt of Health Canada's approval of the final license application. Each share certificate issued in connection with the aforementioned milestones shall bear a restrictive legend detailing the customary four (4) month hold period as required by the CSE.
For further information about Future Farm Technologies, contact Investor Relations at email@example.com or (888) 387-3761 ext. 710.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO
About Future Farm Technologies Inc.
Future Farm is a Canadian company with holdings throughout North America including California, Massachusetts, Florida, Maine, Puerto Rico and Newfoundland. The Company's mission is to advance sustainable agriculture through production of wholesale and retail cannabis products, including hemp. As a leader in its field, Future Farm is committed to using only the highest quality processes and products. Towards this goal, the Company acquires or partners with licensed cannabis operators, and acquires or develops leading technologies in cannabis production, breeding, genetics, and Controlled Environment Agriculture (CEA). Future Farm's scalable, indoor CEA systems utilize minimal land, water and energy resources. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generates yields up to 10 times greater per square foot of land.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has not in any way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.