Future Farm Technologies Inc (OTCMKTS:FFRMF) Running Up The Charts

Today, we are revisiting Future Farm Technologies Inc (OTCMKTS:FFRMF), which focuses on LED lighting and vertical farming solutions.Our readers will remember well our article on this stock called "Future Farm Technologies Inc (CNSX:FFT) (OTCMKTS:FFRMF) Is Today’s Focus". We said that the company had signed a definitive agreement to acquire a 15-acre parcel of land in Redland, Florida, which we appreciated much.We would like readers to note the words of Alex Carlson (my colleague) about the new transaction. We believe that they denote very well how positive we were about this name:

"With this acquisition, Future Farm has the potential, if fully licensed, to develop 15-acres of cannabis crops and is positioning itself to be a part of the Florida Cannabis market as it rolls out in 2017. If current state projections for the cannabis market size hold up to their $1.8B projection by 2020." Source

Logo from https://www.sanacurita.com/wp-content/uploads/2017/11/future-farm-tech-partner-with-tcg-investments-llc-in-puerto-rico.jpgSo, what's new?After big stock returns delivered in February and March, when we wrote our previous piece, it seems that the stock is becoming interesting again for the market participants. The trading volume as well as the share price increased in November.From trading at $0.2, the stock price spiked up to hit six-month highs; $0.4 share price level. For those who need a calculator, this means that some stockholders made double digit returns in only one month period. Not bad.Have a look at the stock chart before we provide more information about what happened with the company: 1 year chart for Future Farm Technologies Inc OTCMKTS:FFRMFIf you don't know the business of Future Farm Technologies Inc, then read carefully. The company seems to be becoming a leader in the growth technology specializing in LED lighting and vertical farming solutions. The most interesting is the license that FFRMF holds to use a "patented vertical farming technology that, when compared to traditional plant production methods, generates yields up to 10 times greater per square foot of land."But, that's not all.It seems that the new systems designed by this company offer new benefits including scalability, cost control, and product safety by eliminating environmental variability.Recent DevelopmentsThe most remarkable news on the part of the company in 2017 were the following ones.On September 12 and 13, 2017, several press releases arrived to the market participants noting an increase in the volume of cannabis production by the cultivators. This news made market participants react positively. The share price of FFRMF increased quite a bit. In particular, the company released that it had harvested the first cannabis crop from the previously announced Riverside County, CA, cultivation facility and is currently drying, curing, trimming, and packaging the flower in preparation for sale and distribution to medical patients in California.We believe that the most significant were the numbers given by FFRMF. The company was expecting to harvest approximately "90-lbs with a market value of $144,000 - $180,000." Additionally, a video showing the cultivation facility was released.The company is estimating the harvest of approximately 90-lbs with a market value of $144,000 - $180,000. The Company is also pleased to announce that a video of the cultivation facility is now online and available for viewing. Have a look:[embed]https://player.vimeo.com/video/231677773[/embed]SourceWe believe that the resources of the company impressed the market participants.Additionally, in our opinion, the market should have appreciated the general tone of the press release. We could find a lot of positivism about the future from the management, which usually happens in industry growing at a large pace. Bill Gildea, Future Farm's CEO, was quoted saying the following words:

"We now have fully built out the cultivation operations and are currently scaling the oil extraction business to meet the growing market demand while compiling data from our LED grow lights with positive expectations all around." Source

But, there is more. November and December of the year 2017 were months with a lot of volume activity. The reason was that the company released a large amount of new developments.On November 9, 2017, it was released that Anthony Flores had been appointed as the new marketing and brand manager to help build its Augmented Reality platform brand. Our readers should be knowing that the company had purchased exclusive rights to utilize AR E1, LLC's ('ARE1') patented AR technology within the cannabis industry. We believe that many operating synergies can emerge from this combination and encourage readers to be ready to assess the new announcements in this regard.Additionally, we believe that the company is making good business decisions. Flores has expertise of four years of Augmented Reality marketing (retail positioning campaigns for PAX and Golden State Sciences) and has previously worked for Swarovski, Pepsi, Mercedes Benz, and Zound Industries.For those who don't know, the AR market is expected to go from a $10 billion market as of today to $120 billion over the next two years. If the company is able to grow at the same rate, we can expect the share price to increase quite a bit.On November 15, 2017, the company noted that on November 28, 2017, it would be closing its acquisition of a 120-acre industrial hemp farm in Amity, ME. The company expects to harvest 1,700 plants per acre of the 120-acre farm, which is a high figure. We appreciate the acquisition and note that the market participants celebrated the new inorganic growth derived from the transaction by pushing the share price even more. Well done again.There is more.On November 15, 2017, the company noted a 50/50 joint venture agreement between Future Farm and Rahan Meristem Ltd. This new business partner is not small. 250 employees work for the company, which focuses on plant propagation and breeding. Rahan runs four high-end laboratories in Israel, Latin America, and Far East for in-vitro plant propagation, able to produce more than 20 million plants every year.The JV is expected to help the company produce mass-produce elite clones of cannabis and hemp plants, which will be sold for medical purposes. We believe that the fact that the company is signing contracts with big companies like Rahan shows that it now owns know-how, expertise in the industry and is a respected player.On November 29, 2017, the company finally noted that it had closed the acquisition of the 120-acre industrial hemp farm in Amity, ME. In the press release, more financial figures were released. The company expects 10-kilos of CBD distillate per acre, which further translates into $90,000 per acre in revenue, or a projected revenue of $10,800,000.00 on 120-acres.Additionally, the company highlighted that the cannabis industry is growing at 22% CAGR, which is currently valued at over $688 million and is estimated to grow to $1.8 billion by 2020 in the USA. If these numbers are right, the shareholders should expect an increase in the share price in the following two years.On December 5, 2017, the company noted that it had entered into an Offer to Purchase Real Estate for the acquisition of a 15,000-sq ft building in Providence, Rhode Island. The most interesting feature is that the building is located in M-1 zone, which legally permits the cultivation of cannabis. Additionally, the following words of Bill Gildea, CEO of Future Farm, were remarkable as well:

“The Northeast has a large population but has lagged behind the Southwest in the permitting of cannabis cultivation and dispensaries, which creates opportunity.” Source

ConclusionCurrently trading with a market cap of $42 million, FFRMF is an exciting story among small caps. With $1.5 million in net assets, $0.8 million in cash and already making $0.2 million in revenue, we believe that this is a name to follow closely.We will be updating our subscribers as soon as we know more. For the latest updates on FFRMF, sign up below!Disclosure: We have no position in FFRMF and have not been compensated for this article.Image courtesy of ExtensivelyReviewed via Flickr