February 14, 2017 / TheNewswire / Vancouver, British Columbia - Future Farm Technologies Inc. (the "Company" or "Future Farm") (CSE: FFT) (OTCQB: AGSTF) is pleased to announce the creation of a Cannabis Advisory Board ("the Board"). The Company has selected its Chief Operating Officer John Sweeney to serve as the Chairman of the Board and will strategically select the other Board members based on their ability to contribute important insight to the Company on specific cannabis opportunities and developments.
The Company is also pleased to announce that it has selected Mr. Chris Lesh as the Cannabis Advisory Board's first member. Mr. Lesh has over 10 years experience within the cannabis cultivation and dispensary industry in Washington State. Mr. Lesh previously served as Production Director for Privateer Holdings, Inc. ("Privateer") and played an important role in its success. While working for Privateer, Mr. Lesh worked with Mr. Sweeney and was responsible for the operational oversight of cannabis production at Tilray's Vancouver facility. Tilray, which is owned by Privateer, is a global leader in medical cannabis research and production dedicated to advancing the science and safety of cannabinoid medicine for patients with a diverse range of conditions including epilepsy, cancer, chronic pain and multiple sclerosis. Tilray operates one of the largest and most sophisticated medicinal cannabis research and production facilities in the world and offers pharmaceutical grade medical cannabis products to patients, pharmacies and researchers in Australia, Canada, the European Union and the Americas.
In addition to overseeing cannabis production at Tilray, Mr. Lesh was also responsible for the sourcing of additional production capacity throughout the west coast and Canada. His knowledge, background, and expertise make Mr. Lesh a strategic addition to Future Farm's Cannabis Advisory Board, as he will be able to add value on several different initiatives. Mr. Lesh adds great experience when it comes to sourcing capital, increasing production capacity, and setting up the facilities to operate efficiently and effectively.
"We are pleased to welcome Chris Lesh to our newly created Cannabis Advisory Board and look forward to working with him," says Mr. William Gildea, Future Farm Technologies Inc.'s CEO and Chairman. "As we prepare to build out or cultivation business, having Chris on our Board will allow us to gain a deeper understanding of the Cannabis business the state of the market and industry trends."
The Cannabis Advisory Board will play an important role in Future Farm's medical cannabis division as it will vet potential business opportunities and partnerships, discover and review value-add organic growth initiatives, and establish new relationships that will help the Company expand its presence within the North American cannabis industry.
Over the coming months, the Company plans to announce the other three members of the Board. The members selected must possess abilities and skills that are unique in nature and will add value to the Board as well as the Company.
Cannabis Advisory Board members will have the following roles and responsibilities
Develop a deep understanding of the business, market and industry trends
Issue guidance on issues raised by owners, directors or management
Provide unbiased counsel, insight, and ideas from a third point-of-view (not involved in the operation of the business)
Encourage and support the exploration of new business ideas
Act as a resource for executives
Provide a social networking platform for directors and the Company
Support the development of a governance framework that enables sustainable growth
Monitor business performance on an overall and divisional basis
Impose challenges to directors and management to improve the business
For further information, contact William Gildea, Director, at 617.834.9467.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, CEO & Chairman
About Future Farm
The Company's business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generate yields up to 10 times greater per square foot of land. The contained system provides many other benefits including seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability.
The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com which caters to B2B customers is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com which caters to both large and small agriculture green houses and controlled cultivation centers.
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.