TITLE: Future Farm Signs Definitive Agreement to Acquire 120-Acre Licensed Industrial Hemp Farm
DATE: 19 October 2017
EXTRACT: Future Farm Technologies Inc. (the “Company” or “Future Farm”) (CSE: FFT) (CNSX: FFT) (OTCQB: FFRMF) is pleased to announce it has entered into a purchase and sale agreement with Derek Ross of Cannatech LLC for the acquisition of a 120-acre licensed industrial hemp farm in Amity, ME (the “Farm”). The Farm has just finished harvesting its first crop, which is now being prepared for further processing into high-grade cannabidiol oil, or CBD hemp oil. As part of this acquisition, Future Farm and Cannatech have also entered into a new joint venture agreement to continue operating the Farm. With this acquisition, Future Farm is now strategically positioned in both the fast growing hemp market as well as the cannabis market. Derek Ross of Cannatech will stay on as the operator and grower of high CBD strains and retain a 20% interest in the Farm. The Farm is currently the largest operating hemp farm in Maine. “This strategic acquisition puts Future Farm in the CBD business in a big way and opens the door for growing, researching, developing, and selling premium hemp and CBD oil, which contain a broad range of cannabinoids used to treat a growing population of CBD oil consumers,” comments Bill Gildea, CEO of Future Farm. “We are pleased to be working with Derek and his team of experienced growers and we look forward to adding value by installing new state of the art CBD oil extraction equipment on-site to meet the increasing demand of CBD oil.”
TITLE: 22nd Century Group (XXII) Reports First Successful Harvest of Hemp Plants
AUTHOR: Street Insider.com
DATE: 19 October 2017
EXTRACT: 22nd Century Group, Inc. (NYSE American: XXII), a plant biotechnology company focused on tobacco harm reduction and cannabis research, announced today that the Company and the University of Virginia (“UVA”) completed their first successful harvest of hemp plants and identified several promising hemp varieties that could form the foundation for commercial hemp production throughout the legacy tobacco belt region of the United States. The 22nd Century-UVA hemp field trials used multiple oil and fiber varieties of hemp. The Company’s first hemp harvest with UVA identified proprietary varieties of hemp that have excellent agronomic properties for growth in the Commonwealth of Virginia. 22nd Century and UVA will use the most promising varieties for expanded plantings designed to optimize plant growth. 22nd Century is also working with UVA on the development of high-value medicinal cannabinoid varieties and specialized cannabinoid extraction processes for use in human therapeutics.