Tickers: XCNQ:FFT, PINX:FFRMF
Tags: #MedicinalMarijuana
Company Welcomes New Board Member
Vancouver, British Columbia - TheNewswire - December 20, 2019 - Future Farm Technologies Inc. (CNSX:FFT.CN) (OTC:FFRMF) is pleased to announce the results of its Annual General Meeting held on December 16, 2019 in Vancouver, British Columbia, Canada.
At the meeting, all resolutions were passed with the required majority as follows:
1. The number of directors were set at four (4) for the ensuing year;
2. Directors of the Company to hold office until the next annual meeting of the Future Farm Shareholders will be incumbents William Gildea, Craig Stanley, Scott McDermid and newly appointed Director Thomas Barrette; and
3. Dale Matheson Carr-Hilton LaBonte LLP, Chartered Professional Accountants, were appointed as Auditors of the Company for the ensuing year and the board of directors were authorized to fix the auditor's remuneration.
The Company would like to take this opportunity to welcome Tom Barrette to its Board of Directors. Mr. Barrette is an accomplished attorney and business executive with deep experience working with companies facing challenges such as sophisticated financing needs, complex strategic partnerships with multiple parties, and significant government regulation.
"Tom has been consulting with our management team for over a year now, and has become an integral part of the future of our Company," comments William Gildea, Future Farm's CEO.
"We are excited to add Tom's business acumen and vision to the development of Future Farm, especially as we are now focusing on the hemp-derived CBD business."
The Company would also like to thank outgoing director John Sweeney for his time and efforts while serving on the Board and wish him well in his future endeavors.
For further information, contact Investor Relations at investor@futurefarmtech.com or (888) 387-3761 ext. 710.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, Chairman and CEO
About Future Farm Technologies Inc.
Future Farm Technologies is a Canadian public company that is poised to be a leading supplier of hemp-derived CBD products to meet the burgeoning demand in the U.S. and global markets. The Company's current key initiatives are the processing of its hemp crop grown in Maine, the pursuit of other hemp-related opportunities throughout the U.S. and the development of elite strains of cannabis in Canada.
Future Farm's seasoned management team brings a deep understanding of operations and agriculture with the financial and regulatory expertise needed to become an industry leader in the evolving market for CBD and related compounds.
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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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