ST. PETERSBURG, Fla.--(BUSINESS WIRE)--FutureWorld Corp. (OTCQB: FWDG), announces today that the Company is to finance and build a 3500+ plant cannabis cultivation greenhouse for a client on 237 acres of property being purchased by the Company, through FutureLand properties LLC, and leased back to the client. This large cultivation facility will be potentially one of many on the same piece of real estate.
The Company is also set to provide high-tech automation solutions to control all processes in the greenhouse based on HempTech’s state-of-the-art technologies. Although we cannot offer accurate forward looking guidance on the revenue potential of the process, we estimate the initial project to enhance the Company’s revenue by $2-$4M per quarter once in full operation. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana which is illegal under federal law.
“We want to be at the front of the cannabis value chain,” said CEO Sam Talari. “First, we buy the land and clear it, for both the greenhouse and outdoor cultivation come springtime. Then we add our automation technology and institute ongoing maintenance contracts for the life of the leases.”
An indoor structure enables growers to continue operations even during the winter months where outdoor farming would otherwise be impossible. “It’s about harnessing every possible revenue stream we can and at the same time setting the stage to pilot the ultimate idyllic and pragmatic cannabis cultivation center,” exclaimed VP Cameron Cox.
FutureWorld is perfectly vertically-integrated to supply its full suite of technologies to any grow operation. Its full line of products, including HempTech Corp’s SmartSense™, CaNNaLyTiX™, SmartNergy™, SpiDER security and CbScientic’s testing matrices, all will be part of this package deal.
FutureWorld, is excited to begin leasing and financing Cannabis Cultivation Projects all across America.
About FutureWorld Corp
FutureWorld (Other OTCQB: FWDG), a Delaware corporation, is a U.S. Diversified Holding Company, listed on the Over the Counter exchange, which was formed to capitalize on the burgeoning Cannabis markets globally. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products, such as industrial Hemp. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana. For more information, visit the company's website at www.futureworldcorp.com.
