Future Farm Sells 10% Ownership Interest in Arizona Medical Marijuana Cultivation and Processing Management Company to Solis Tek

Future Farm Technologies Inc. (CSE: FFT) (OTCQX: FFRMF) is very happy to announce that, on May 8, 2018, it closed on its previously announced cash expense of $500,000 for a 10% interest in YLK Partners NV, LLC, an Arizona-based firm that has set up a management services agreement to provide turn-key solutions for the management, administration and operation of a licensed medical marijuana cultivation and processing facility being developed in Arizona (the “Arizona Facility”-RRB-.   Future Farm is also happy to announce that on May 10, 2018 it sold that 10% interest to Solis Tek, Inc. (“Solis Tek”-RRB- (OTCQB: SLTK), a vertically integrated cannabis technology innovator, manufacturer and supplier. Solis Tek has acquired all of the outstanding interest in YLK Partners NV, LLC and intends to develop the 70,000 square foot Arizona Facility into one of the most technologically advanced farming and processing centers in Arizona.   Solis Tek has issued 500,000 warrants exercisable at $0.01 per share to Future Farm as consideration for its interest.

Yorkville Advisors Global, LP (“Yorkville”-RRB- and its affiliates, who have provided significant financing support to Future Farm, are also providing the financing to Solis Tek for the Arizona job. To learn more on such financing and on Solis Tek, please visit their site at https://solis-tek.com/.

“We’re thrilled to have this investment in Arizona quickly become an chance to get a substantial ownership position in Solis Tek,” says Bill Gildea, Future Farm’s Chairman and CEO.   “We have come to understand Alan Lien and his staff at Solis Tek well over the last months.   They are impressive developers and operators of cannabis cultivation and production facilities.   We look forward to working together in Arizona and about other opportunities later on. ”

For further information, contact William Gildea, Director, at -LRB-888-RRB- 387-3761.

William Gildea, Chairman and CEO

About Future Farm Technologies Inc..

Future Farm is a Canadian firm with holdings throughout North America including California, Massachusetts, Florida, Maine, Puerto Rico and Newfoundland. The Company’s mission is to advance sustainable agriculture via production of retail and wholesale cannabis products, including hemp. As a leader in its field, Future Farm is committed to using only the highest quality products and processes. Towards this goal, the Company acquires or partners with accredited cannabis operators, and acquires or develops major technology in cannabis production, breeding, genetics, and Controlled Environment Agriculture (CEA). Future Farm’s scalable, indoor CEA methods utilize minimal land, energy and water resources. The Company holds an exclusive, worldwide license to use a patented vertical farming technologies which, when compared to traditional plant production procedures, generates yields up to 10 times larger per square foot of property.

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 this proposed transaction and has neither approved nor disapproved the contents of this press release.

This news release may include forward-looking statements which are subject to risks and uncertainties. All statements inside, other than statements of historical fact, should be considered forward looking.   Even though the Company believes the expectations expressed in these forward-looking statements are based on reasonable assumptions, such statements aren’t guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.   There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of these doubts.   We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

William Gildea, CEO & Chairman
[email protected]

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Released at Fri, 11 May 2018 12:40:14 +0000

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