Future Farm $FFT Raises $1.4MM and Closes Rhode Island Deal

Future Farm Technologies(CSE: FFT) (OTCQB: FFRMF)

Future Farm Technologies Inc. is pleased to announce that the closing date for the previously announced acquisition of a 15,000 sq ft building in Providence, Rhode Island for $750,000 is set for January 15, 2018 .  The building is zoned to legally cultivate cannabis and, once licensed, will be used as a licensed medical marijuana cultivation space wholesaling to state-sanctioned dispensaries.

The Company is also pleased to announce that $1.4 Million has been raised through the voluntary conversion of both its $0.35 and $0.37 warrants. Shareholders who have participated in the Company’s two offerings in 2017 and have not yet exercised their right to convert the warrants into FFT common stock can still purchase shares at the exercise price of $0.35 or $0.37 per share.

The $0.35 per share warrants will expire and be worthless after January 11, 2018, which leaves 20 trading days to exercise.

The $0.37 per share warrants will expire and be worthless after March 7, 2018, which leaves 46 trading days to exercise.