Articles > Future Farm Hires RwE In Preparation For Spin Off Of New Augmented Reality Cannabis Company
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Future Farm Technologies Inc. (CSE:FFT) (OTCQB: FFRMF) is pleased to announce that it has engaged RwE Growth Partners Inc. to conduct a business valuation and fairness opinion on its recently acquired augmented reality asset (see links to Augmented Reality Presentation and Demo Video). The work is being done in preparation for a stock dividend, which will be issued to shareholders of record upon spin off that is expected to occur within the next 120 days.
"We believe that in order to maximize shareholder value, spinning off this asset is in the best interest of our shareholders," comments William Gildea, CEO of Future Farm. "Once spun off, Future Farm's shareholders will own shares in a new company traded on the CSE, with a singular focus on bringing augmented reality to the cannabis industry."
The augmented reality market is set to grow substantially in the near future as companies such as Apple, Google, Microsoft, and Intel are now aggressively launching software and hardware to support this dynamic and fast growing industry. Once the spin off is complete, Future Farm shareholders will own shares in a newly formed company occupying a valuable niche in the cannabis market with augmented reality enhanced packaging as well as an ad-tech driven platform for dispensaries.
For further information, contact William Gildea, Director, at 617.834.9467.