Future Farm Technologies (FFT.CN) (FFRMF) has been a top performing marijuana stock over the last month, rallying almost 30%.
Today, investors have another reason to be excited after the company announced a joint venture with Cannatech LLC, a Massachusetts cannabis consulting company. This joint venture will grow, research, develop, and sell premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives.
Cannatech has been cultivating hemp and growing high CBD strains, which have tested in the 15-26% range, while staying compliant with state and federal law.
Under the agreement, Cannatech will provide multiple compliant high CBD hemp strains to Future Farm. It will also provide hemp strain lineage and breeding options to better develop hemp strains that thrive in the southeastern United States.
Focused on Florida
Earlier this year, Future Farm acquired 15-acres of land in Florida. The joint venture plans to cultivate in Florida, where Future Farm is working on closing an acquisition of another 10-acres of land.
We are favorable on Florida’s hemp market. The state is the latest state to pass legislation allowing for the growing of hemp.