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Future Farm Technologies Inc (OTCMKTS:FFRMF) Issues Update On Augmented Reality Spin Off

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Future Farm Technologies Inc (OTCMKTS:FFRMF) issued additional details pertaining the previously reported plan to separate its augmented reality operation in the form of a stock payout to company shareholders. The new augmented reality firm will issue 12 million new shares to company stockholders, on a pro rata basis.

The buzz

The new augmented reality firm will be named NexTech AR Solutions Corp. and will list on the CSE platform with a stock ticker to be reported at a later date. NexTech is projected to record a first mover advantage in getting its patented next generation of augmented reality to the cannabis market and more. Upon separation, the two separate public entities are anticipated to have major positions in their respective markets, and compelling growth prospects.

The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!

William Gildea, the CEO of Future Farm, expressed that they consider that this deal will maximize their shareholder value and establish an exciting and new public firm, which will mark as one of the preliminary augmented reality public firms on the CSE.

The augmented reality industry is establishing to explode from a market of $10 billion to $120 billion in merely the upcoming two years as Google, Microsoft, Apple and Intel are now launching hardware and software to support this fast-growing and dynamic market. Once this spin-off is done, Future Farm shareholders will get shares in NexTech. The firm will be occupying an extremely valuable niche, showcasing augmented reality improved packaging and an ad-tech led platform for dispensaries.

In the last trading session, the stock price of Future Farm jumped more than 4% to close the day at $1.05. The gains came at a share volume of 920,974 compared to average share volume of 1.94 million. Post the recent gains, the market cap of firm was noted at $663,598. So far in this month the stock has posted decline of 3.74%.

Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!

   

Learn More About PLSI at your brokerage today!

         

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