Mr. McDermid is a seasoned manager and real estate investor currently managing over $250,000,000 in real estate holdings across North America. He holds two degrees, one in sales and marketing and the other in business management, both from British Columbia Institute of Technology. “With our new LED Canada website (ledcanada.com) now live, I decided it was time to jump on board as we may now aggressively move forward into the fast-growing cannabis LED lighting market,” comments Mr. McDermid. “We are just finishing up the testing of our grow lights and will be sharing the results in the next two weeks. We expect the results will position our Scorpion grow lights as the best LED grow light value in terms of grams per watt in the cannabis market today.”
“Having Scott on board as manager brings substantial opportunities to LED Canada, as he not only brings proven sales and management skills, but also strategic synergies,” comments Bill Gildea, Chairman & CEO of Future Farm. Mr. Gildea continues, “We are lucky to have him join us during our rapid growth stage. Scott is in discussions with some of his tenants whom are licensed growers for large-scale orders of the Scorpion LED grow lights. Currently LED Canada is fielding multiple requests from growers both in the United States and from licensed producers in Canada whom are intrigued by the substantial money savings attained with LED grow lights, as well as the value in terms of grams per watt.”
As previously announced, Future Farm is currently installing its Scorpion LED grow lights in a California cultivation facility and will be posting a video of this cultivation operation with investors in the coming weeks.
On behalf of the Board,
Future Farm Technologies Inc.
William Gildea, Chairman & CEO
About Future Farm
The Company’s business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generate yields up to 10 times greater per square foot of land. The contained system provides many other benefits including seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability.
The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com which caters to B2B customers is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com which caters to both large and small agriculture green houses and controlled cultivation centers.
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.
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