ST. PETERSBURG, FL, Dec. 9, 2014 (GLOBE NEWSWIRE) -- FutureWorld Corp. (OTCQB; FWDG), a leading provider of advanced technologies and solutions to the global cannabis industry, announces today that FutureLand Properties, LLC, a subsidiary of FutureWorld Corp., has entered into a 5 Year land and greenhouse lease agreement with Colorado Flower Company, LTD, a Colorado LLC, for the growing of medical and recreational cannabis. The master lease agreement calls for six figure monthly lease payments for the land, the greenhouse and the technology.
The master lease agreement is a three prong agreement consisting of;
1- Land lease agreement by FutureLand Properties,
2- Greenhouse development and operational technology agreement by HempTech Corp.,
3- Testing and Lab equipment technology agreement by CB Scientific Inc.
"The Colorado Flower Company has a great team and we know that their success will become our success", said VP Cameron Cox. "This is only the beginning. Colorado Flower Company is already planning future expansion and we have plenty of land for them to grow".
Since the change in laws in the state of Colorado allowing cannabis grows to be separate and distinct ventures not attached to dispensaries, FutureLand Properties, LLC has been looking to carve out a niche for itself that would allow it to not only provide land for growers to grow, but also showcase HempTech Corp's technology products. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana.
After purchasing 237 acres in Huerfano county on Oct. 31st, 2014, it has been all business getting the operation lined up for production. FutureLand Properties, LLC does not profit from the actual sales of any cannabis products as required by Colorado State law. The manner in which FutureLand monetizes is through leasing the land, the greenhouses, management and maintenance contracts.
"It is a fantastic business plan that will give back to our shareholders again and again", says CEO of FutureWorld, Sam Talari. "The idea, of course, is to keep this model moving from state to state. There is no reason we can't have 5 to 10 of these grows up within the next couple years."
About HempTech Corp
HempTech, a subsidiary of FutureWorld, is a technology division catering to the cultivators of industrial hemp market and legal medical marijuana. HempTech provides cutting edge technology that allows cultivators to securely collect and analyze every aspect of a horticultural operation. SPIDer™ provides Secure Perimeter Intrusion Detection and is a state of the art security solution for a cultivation operation. Through their proprietary data collection system SmartSense™ and analytics dashboard CaNNaLyTiX™ HempTech Corp. provide growers unparalleled data analysis capabilities for their plants. SmartNergy™ not only controls every aspect of electrical usage within a cultivation operation it is actively managing settings and monitoring usage to make sure the #1 cost of an operation (Energy) is monitored and controlled at optimum levels at every stage of processing a harvest. Couple in CannaTRAK™, our ground up remodeling of a "Seed to Sale" tracking software system, and master growers will be handed a complete toolset that can provide the real answer to a grower's ultimate question… "How did we do that?" CaNNaLyTiX's sophistication will show the master growers exactly how a harvest came into being. Imagine being able to see in graphical format exactly how much nitrogen was in the soil throughout the entire grow cycle. See and know exactly how much moisture was in the soil throughout the entire growth cycle. Imagine having the knowledge of exactly how much CO2 was in the air or the air temperature at every point of the grow cycle. Virtually every component of the plants vegetative growth matrix and ultimate flower harvest is tracked, documented and available in visible format both in real-time and historically to ensure that the baselines set by the master grower are adhered to by the cultivation staff. CaNNaLyTiX™, providing essential tools to Know Your Grow! HempTech - America's Future Taking Root Today.
About Colorado Flower Company, LLC
The Colorado Flower Company was formed to take advantage of the new cultivation laws in the state of Colorado. They have applied for a tier one recreational license in the county of Huerfano in southern Colorado, which begins with a 3,500 plant maximum. The plans are to keep expanding into a couple more greenhouses per year as product placement is achieved and increases in state production are granted. They have an excellent team with many years of growing experience.
About FutureWorld Corp
FutureWorld (Other OTCQB: FWDG), a Delaware corporation, is a U.S. Diversified Holding Company 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, through its subsidiaries such as HempTech and CB Scientific, provides personal and professional THC and CBD test kits, pure CBD oil solutions, smart sensor technology, communication network, surveillance security, data analysis for smart cultivation and consultation for the industrial hemp and legal medicinal cannabis. Our wireless agricultural smart sensor networks offer precision to the agriculture, irrigation systems, and greenhouses for the global cannabis and hemp industry. FutureWorld and its subsidiaries do not grow, distribute or sell marijuana.
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This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Source:FutureWorld Energy Inc.