Market Movers: Future Farm Technologies Completes Hemp Farm Purchase

    Author Jackson ChenPosted on Categories Market MoversTags , , , , , , , , , , , , , , , , , , , ,
    Hemp Farm Purchase

    Future Farm Technologies Inc. (CSE:FFT) has completed its acquisition of a 120-acre industrial hemp farm in Maine. The company expects to harvest 1,700 plants per acre, which translate into approximately 10 kilos of CBD distillate per acre and $90,000 per acre in revenue. On 120 acres, the projected revenue would be $10.8 million.

    Lico Energy Metals Inc. (TSX-V:LIC) has released assay results from the recently completed drill program on the Glencore Bucke property in Ontario. The most significant results include 7.64% cobalt over 0.26 meter and 4.45% cobalt over 0.30 meter.

    Superior Gold Inc. (TSX-V:SGI) has released additional assay results from its drill program at the Plutonic gold mine in Western Australia. Highlights include 25.2 g/t Au over 10.15 meters.

    Gowest Gold Ltd. (TSX-V:GWA) has also released assay results from infill drill program at the Bradshaw gold deposit in Ontario. Results include 66.7 g/t Au over 2.5 meters and 11.0 g/t Au over 1.75 meters.

    LGC Capital Ltd. (TSX-V:LG) has signed a letter of intent with Creso Pharma Ltd. (Australia and Switzerland) and Baltic Beer Company Ltd. (United Kingdom) to develop and market a portfolio of cannabis and hemp derived alcoholic and non-alcoholic beverages.

    Featured image: futurefarmtech.com

    Author Jackson Chen
    About the author: In addition to writing financial content and analysis, Jackson has worked as a business journalist at Stockwatch and research analyst at various organizations. He obtained his MA Economics from Concordia University in Montreal and BA Economics from the University of British Columbia, with special emphasis on environmental and industrial economics.