Future Farm Technologies Inc (OTCMKTS:FFRMF) is planning to commence the selling of the elite cherry Wine hemp seeds by putting systems in place. They have equally completed the installation of their CBD oil extraction equipment, and they expect to test its operation.
Commercializing the Cherry wine hemp seeds by 2020
The move to start commercialization is a result of a bumper hemp harvest that the company recorded from their Hersey and Amity farms in Maine. The high harvest yields are a result of their vertical farming technology that they are patented to use that produces up to 10 times in yields per square foot compared to conventional planting methods. Future Farm is growing the Cherry Wine hemp seeds because of their outstanding propagation rates as well as their genetic stability.
Currently, the company is waiting for the harvested seeds to dry and cure. They have nonetheless initiated the process of testing the feminization of the seeds as well as the propagation rates. Future Farm technologies expect to complete the process of testing propagation rates and feminization of the seeds by mid-march next year before starting to sell in the first month of their 2020 fiscal year.
Installation of CBD oil extraction equipment
Besides the preparation of their cherry wine seeds for commercialization, Future Farm Technologies is ahead in the program of installing ethanol extraction equipment in their Belfast, Maine facility. The company is already in the process of carrying out test runs on the equipment.
Once the test operations get finalized, the future farm has plans of using the equipment to turn a large junk of the hemp biomass of over 20,000 pounds into CBD oil that will be sold to CBD-based product manufactures. The company expects to be in a position to offer guidance on the quantity of oil they anticipate to be producing. They equally will give revenue guidance on earnings they will get from the oil once they complete production test runs and eventually develop the oil for marketing and sales.