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Future Farm Poised to Capitalize on Growing LED Demand

Ryan Allway

June 6th, 2017

News, Top News

Most consumers are aware of the cost-saving benefits of LED lighting, but these benefits are a magnitude of order larger for commercial growers. The LED horticulture market is projected to reach nearly $1.8 billion by 2021, driven by the ongoing legalization of cannabis throughout the United States, Canada, and around the world. Investors may want to consider publicly-traded companies operating in the LED lighting industry.

In this article, we will look at the growing importance of efficient lighting and Future Farm Technologies Inc.’s (CSE: FFT) (OTCQB: FFRMF) unique LED lighting solutions.

Dollars and Sense

The cannabis industry consumes about $6 billion per year worth of electricity, according to Lawrence Berkeley National Laboratory, while the Northwest Power and Conservation Council estimates that regional marijuana growing operations could consume 250 megawatts per year by 2035. In fact, growing just four marijuana plants draws about as much power as 29 refrigerators, times many thousands of cultivation operations popping up nationwide.

Most people are aware of the benefits of light-emitting diodes – or LEDs – in reducing their home energy bills, but the benefits for cannabis growers are a lot more stark. Energy use accounts for about half of a cultivator’s operational costs compared to less than 10% for those using LED lighting solutions. Traditional sodium lights are both less efficient and generate a lot of excess heat that must be removed from the growing environment with air conditioning.

These problems are so apparent that many governments have taken action to phase out incandescent light bulbs. In the U.S., a federal spending bill that would have phased out incandescent bulbs was narrowly defeated in 2014, but several states have passed their own laws. In Canada, the federal government has banned the import and sale of 75- and 100-watt incandescent bulbs as of January 2014 and is poised to take further action ahead.

There’s no doubt that growing cannabis under LED lights requires a different set of techniques, but on the other hand, new technologies are being designed specifically for plants. These technologies may adjust wavelengths or other aspects of the lighting spectrum to produce optimal yields at the lowest possible costs. These features have made them a compelling alternative to traditional lighting solutions within the cannabis industry.

Buying LED Lighting

Future Farm is rapidly becoming a leading indoor plant growth technology company specializing in LED lighting, mobile applications, and vertical farming solutions for the cannabis industry. Given the differences in growing techniques, many cultivators prefer to work with companies that have direct experience in the cannabis industry to ensure that they’re purchasing the right products and optimizing for the best yield efficiency.

The company’s Growthstar LED lights have been top-rated for almost five years and its newest chip-on-board (COB) and multiple-chips-on-board (MCOB) technologies are proving to be game-changers in the world of LED grow lights with a 50% reduction in power use and many other benefits. These products are delivered to both commercial and residential locations through www.COBGrowLights.com and www.LEDCanada.com.

On June 1, the company announced an update to its LEDCanada.com e-commerce website, including search engine optimizations and an improved design. The company also plans to begin publishing content on a regular basis covering the use of LED technologies within the cannabis industry, including articles, blogs, newsletters, company announcements, and client success stories demonstrating the products’ effectiveness.

“Our goal with the updated website is to provide our customers with an easier way to order and learn about Future Farm’s LED grow light services and solutions by allowing them to browse information and order lights based on their own preferences,” said Chairman & CEO William A. Gildea in the press release. “The website is now optimized for mobile devices, is interactive, and provides better access to information about LEDCanada.”

Looking Ahead

Future Farm Technologies Inc. (CSE: FFT) (OTCQB: FFRMF) represents a compelling investment opportunity within the cannabis industry. With an explosion of cultivators popping up around the world, there’s growing demand for LED lighting solutions catering to growers that may require expertise to get up and running.

For more information, visit the company’s website or investor presentation.

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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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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