FutureWorld (FWDG) to Construct Large Cannabis Cultivation Greenhouse for Clients in Colorado
20 Octobre 2014 - 2:15PM
Business Wire
Company to Finance and Lease 237 Acres south of
Denver
FutureWorld Corp. (OTCQB: FWDG), announces today that the
Company is to finance and build a 3500+ plant cannabis cultivation
greenhouse for a client on 237 acres of property being purchased by
the Company, through FutureLand properties LLC, and leased back to
the client. This large cultivation facility will be potentially one
of many on the same piece of real estate.
The Company is also set to provide high-tech automation
solutions to control all processes in the greenhouse based on
HempTech’s state-of-the-art technologies. Although we cannot offer
accurate forward looking guidance on the revenue potential of the
process, we estimate the initial project to enhance the Company’s
revenue by $2-$4M per quarter once in full operation. FutureWorld
and its subsidiaries do not grow, distribute or sell marijuana
which is illegal under federal law.
“We want to be at the front of the cannabis value chain,” said
CEO Sam Talari. “First, we buy the land and clear it, for both the
greenhouse and outdoor cultivation come springtime. Then we add our
automation technology and institute ongoing maintenance contracts
for the life of the leases.”
An indoor structure enables growers to continue operations even
during the winter months where outdoor farming would otherwise be
impossible. “It’s about harnessing every possible revenue stream we
can and at the same time setting the stage to pilot the ultimate
idyllic and pragmatic cannabis cultivation center,” exclaimed VP
Cameron Cox.
FutureWorld is perfectly vertically-integrated to supply its
full suite of technologies to any grow operation. Its full line of
products, including HempTech Corp’s SmartSense™, CaNNaLyTiX™,
SmartNergy™, SpiDER security and CbScientic’s testing matrices, all
will be part of this package deal.
FutureWorld, is excited to begin leasing and financing Cannabis
Cultivation Projects all across America.
About FutureWorld Corp
FutureWorld (Other OTCQB: FWDG), a Delaware corporation, is a
U.S. Diversified Holding Company, listed on the Over the Counter
exchange, which was formed to capitalize on the burgeoning Cannabis
markets globally. FutureWorld, together with its subsidiaries,
focuses on the identification, acquisition, development, and
commercialization of cannabis related products, such as industrial
Hemp. FutureWorld and its subsidiaries do not grow, distribute or
sell marijuana. For more information, visit the company's website
at www.futureworldcorp.com.
FutureWorld Corp.Investor RelationsCameron Cox, 727-474-1816
ext. 103cox@futureworldcorp.com
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