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Why Future Farm Technologies Inc (OTCMKTS:FFRMF) Is In Focus?

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In the last trading session, the stock price of Future Farm Technologies Inc (OTCMKTS:FFRMF) declined more than 3% to close the day at $1.18. The decline came at share volume of 1.11 million compared to average share volume of 962,409. Post the recent decline, the market cap of firm was noted at $122.9 million.

The buzz

More recently, Future Farm Technologies provided an update to its prospective and current and shareholders regarding the firm’s activities over the past many months, and strategies for development in 2018. The company has witnessed a flurry of activity in the preceding several weeks and the industry has responded well to its continued efforts to establish an expanded portfolio of cannabis investments for company’s shareholders. Future Farm management has successfully generated capital to support the different projects that the company is advancing throughout North America, counting those in California, Rhode Island, Puerto Rico, Maine, Florida and beyond.

The company shareholders have raised funds of $1.4 million via the voluntary conversion of both its $0.37 and $0.35 warrants from two distinct offerings in 2017. As recently announced, the closure of a private placement of $4 million with Yorkville Advisors that allows the firm to close on the deal of a 10-acre working greenhouse in Florida.

As per Arcview Market Research report, North Americans spent sum of $6.7 billion on legal marijuana in 2016, up over 30% from a year earlier and is forecast to surge to over $24 billion by 2025. The report indicated that as recreational markets are launched in places like California, Massachusetts and Canada, that could over triple in the imminent five years, as per the company’s projections. Canada advancing will result in some market pressure for the United States to step up in segments like investment and innovation as well as policy.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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