Tickers: XCNQ:FFT, PINX:FFRMF
Tags: #MedicinalMarijuana
Vancouver, British Columbia - TheNewswire - July 16, 2019 - Future Farm Technologies Inc. (the "Company") (CNSX:FFT.CN) (OTCQB:FFRMF) announces that its 2019 annual audited financial statements (the "Annual FS"), related management's discussion and analysis (the "Annual MD&A"), and CEO and CFO certifications (collectively, the "Annual Required Filings") were filed on Monday, July 15, 2019.
As previously announced, it was originally expected that the Annual Financial Filings would be completed prior to the filing deadline of June 28, 2019, however the Company was notified by its auditor that the audit of the Company's 2018 annual financial statements was selected for review by the Canadian Public Accountability Board ("CPAB"), prompting additional review procedures and therefore delays.
The British Columbia Securities Commission ("BCSC") confirms that all materials have been received and that the revocation of the management cease trade order ("MCTO") restricting trading in the Company's securities by insiders is being processed.
"We are pleased to have completed the Annual Required Filings and thank our shareholders for their patience during the MCTO. We are eager to fully return our focus to building Future Farm's business and value for our investors," states Mr. William Gildea, Future Farm's Chairman and CEO.
For further information, contact William Gildea, Director, at (888) 387-3761.
On behalf of the Board,
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.
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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.
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