Future Farm Technologies Inc has partnered with Tilray alumni for its next development phase

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It has been an amazing two days for cannabis cultivator and distributor Future Farm Technologies Inc (CNSX:FFT). Over this period, the firm announced news regarding its partnership with Tilray alumni to move their portfolio from a developmental phase to an operational phase. This comes in addition to other news regarding their spin out of NexTech AR Solutions Corp which acted not only as a way for the firm to raise capital through the same of shares but also as a method for them to divest from the investment.

With the above two, the firm’s share price has grown considerably. The former has had more impact on the firm, however, the latter also affected their price albeit minimally. Since the news on the partnership, the price has risen by over 44% rising from their previous price of $.27 to their current price of $.39. Moreover, over 1 million of the company’s shares have been traded over the same period speaking to higher momentum being witnessed in the market. This, in turn, alludes to the market having been rattled by news from the firm.

The above price action can be viewed in the chart below:

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FFRMF Daily Chart

The change above resulting from above change in their operations has been drastic and speaks to investor confidence tied to them operationalizing their development products. As such, we opted to review some of these products so as to evaluate the time to the operation, therefore, the expected time to payback.

 

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