Future Farm Harnesses Cultivation & Extraction Technology to Propel Cannabis Efforts
Ryan Allway
April 12th, 2017
News, Top News
The cannabis industry is expected to reach $50 billion over the next ten years, according to Cowen & Co., driven by ongoing legalization efforts throughout the United States. Investors have many options when it comes to investing in the space, but cultivation and extraction companies provide the greatest pure-play opportunity and equipment providers face less regulatory risks when it comes to federal interference.
In this article, we will take a closer look at Future Farm Technologies Inc.’s (CSE: FFT) (OTCQB: FFRMF) technology portfolio and recent acquisition of a state-of-the-art oil extraction machine, as well as its efforts to become a leading cultivator and manufacturer of cannabis oils.
In this interview, COO John Sweeney discusses the pivot Future Farm Technologies is making within the cannabis industry, capitalizing on its lighting expertise to enter the cultivation and extraction business.
Technology Portfolio
Future Farm has spent the past several years developing a portfolio of controlled environment agriculture (“CEA”) and LED lighting technologies.
The company’s scalable indoor CEA systems optimize land, water, and energy use to cost-effectively grow crops like cannabis. With an exclusive worldwide license to a patented vertical farm technology, the company is capable of generating yields up to 10 times greater per square foot than conventional plant production methods. The contained system also provides ancillary benefits including seed-to-sale security, scalability, consistency, and purity.
The company’s LED lighting products leverage COB and MCOB technology to maximize efficiency and lower costs. The company sells these lights via its e-commerce websites, including LEDCanada.com and COBGrowlights.com, targeting both large and small agricultural greenhouses and controlled cultivation centers. The company uses the same products for its own cannabis growing operations that were recently announced.
Recently, the company acquired a 15-acre parcel of land in Redland, Florida and a 10-acre greenhouse near Orlando, Florida that it plans to develop into 25 acres of cannabis crops. The company’s technologies could help transform these properties into a significant CEA-powered opportunity within Florida’s burgeoning medical cannabis market – an industry that some analysts project will surpass $1.8 billion by 2020.
Cannabis Oil Extraction
Future Farm announced the purchase of a state-of-the-art machine designed to rapidly manufacture premium cannabis oil to supply the growing demand for cannabis concentrates in the State of California. With a closed-loop system, the company produces high quality oil in a high throughput system with minimal maintenance and labor. The company expects the equipment to be delivered, installed, and in full production within 90 days.
“We believe this alcohol extraction machine is the best extraction equipment on the market today, which allows us to be able to process large amounts of cannabis flower into highly pure concentrates from day one,” said Future Farm CEO Bill Gildea. “With this purchase, Future Farm is now formalizing the marketing plan to include its own brand, as well as offering contract manufacturing services for other brands and cultivators across the State of California.”
In economic terms, the company estimates that the machine is capable of processing 20 pounds of marijuana trim per hour into an estimated 908 grams of cannabis oil. The refined product has an estimated wholesale price of $10 to $20 per gram, which translates to potential operational revenue of $9,080 per hour, $217,920 per day, and $6.5 million per month, assuming that the facility is operating at peak capacity 24/7 and constraints are minimized.
“We are excited to begin creating unique extraction products that are very high in quality as defined through a full complement of technical laboratory analysis,” said Future Farm COO John Sweeney. “We will make data driven decisions that guide us in further refining our processes to maintain the very best cannabinoid, flavonoid, and terpene profiles. The chosen method of extraction is safe, non-pressurized, reliable, and easy to use.”
Looking Ahead
Future Farm Technologies Inc. (CSE: FFT) (OTCQB: FFRMF) represents a compelling opportunity within the burgeoning cannabis industry. By leveraging its extensive technology portfolio, the company hopes to become a leading cultivator and wholesale cannabis oil manufacturer while simultaneously building its own proprietary brand portfolio. The seed-to-sale process focused on high margins could generate significant shareholder value over time.
For more information, visit the company’s website or CannabisFN’s company profile.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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