ST. PETERSBURG, FL, March 25, 2015 (GLOBE NEWSWIRE) -- FutureWorld Corp (OTCQB: FWDG), FutureLand Properties, a specialty zoning land leasing company formed to capitalize on the emerging global cannabis market, provides an update on its progress in the State of Colorado.
As many of you know, FutureLand Properties, LLC entered into a contract to buy 240 Acres in southern Colorado last October when the state allowed separation of cultivation from dispensary. The company closed on the property on October 30, 2014 at an excellent price. Since that time, the land has gone up in value better than 10 times. This purchase was integral to FutureLand's plans to develop a state of the art facility for growing cannabis that has been envisioned from the outset. The idea is to create what FutureLand is calling a "model home" grow facility replete with advanced technology provide by HempTech Corp that would be a further catalyst in launching grow after grow all across the country. The plan has not changed. After closing on the land, FutureLand pursued growers that would be benefited by working with FutureLand. The company will finance and lease the land and grow facilities to the growers. Currently, the company has two leases signed for 5 years each, plus renewals and are very excited about the future revenues to all parties involved.
Meanwhile, FutureLand has built its business plan, done its projections, ferreted out its costs, and has done its due diligence for the entire industry it is engaging. The plans have changed various times, as might be expected, from potted plants to the current hydroponic grow system that is now being integrated. We are in discussions with various suppliers on both the costs and numbers of materials needed, looking at quantity discounts and the like. The company has decided upon a 22,000 sqft warehouse to be constructed for Colorado Flower Company, LTD, that will have room for 3,600 plants, a bathroom, an office, a drying room and a cloning room. The site plans have been completed on both grow facility lease-holders' projects and they include hoop houses, generators, propane tanks and a couple 30,000 gallon water tanks. One plan has been submitted along with a letter of intent to the county of Huerfano for a Conditional Use Permit and the other is waiting for an approved water plan.
FutureLand is working with San Isabel Electric Association to bring in three phase power to handle the loads for such an enormous undertaking and has already received a quote on the costs. FutureLand will also be applying for a commercial well on the property in the near future. In addition, the company has allotted an additional 30 Acres to INCC for future expansion.
But, this is only the beginning. FutureLand is just getting started. With each additional facility built, we will capture management and consulting fees as well as interest revenues from the financing. The current trajectory we are on will likely begin the growing process by sometime in July of this year allowing for a harvest around September of 2015, assuming there are no pitfalls or delay to operations. FutureLand does not currently sell, distribute or profit from the sale of cannabis and will not do so as long as Colorado State laws require it.
"This is the precise aspect of the industry in which we must play a part. Finding a pot of gold is always a lofty ideal, but growing it is superior by far", stated Cameron Cox, President of FutureLand Properties, LLC. "Who says money doesn't grow on trees?"
About FutureWorld Corp
FutureWorld (OTC: FWDG), a Delaware corporation, is a leading provider of advanced technologies and solutions to the global cannabis industry. FutureWorld, together with its subsidiaries, focuses on the identification, acquisition, development, and commercialization of cannabis related products and services, such as industrial Hemp. FutureWorld, through its subsidiaries, provides personal and professional THC and CBD test kits, pharmaceutical grade CBD oil solutions, SafeVape vaporizers, 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.
To request further information about FutureWorld, please email us at firstname.lastname@example.org, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook page facebook.com/futureworldenergy or on Twitter @futureworldinc.
About FutureLand Properties, LLC
FutureLand Properties, LLC, a Colorado company, is a cannabis and hemp land leasing company formed to capitalize upon the emerging global cannabis market. FutureLand focuses on target acquisition, zoning, license fulfillment, site plan preparation and financing of cannabis or hemp grow facilities throughout the United States. We give growers the opportunity to grow. We monetize through leasing the land, leasing the structures on the land, financing interest revenue and management fees associated with cultivation centers. FutureLand retains ownership of all the land and the structures we build on the land. FutureLand leases to both medical marijuana, retail marijuana as well as industrial hemp growers. FutureLand does not grow, distribute or sell marijuana.
To request further information about FutureLand, please email us at email@example.com, log onto our website at http://www.futureworldcorp.com or visit us at our Facebook page https://www.facebook.com/pages/FutureLand-Corporation/848802538518505 or on Twitter @futurelandcorp
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.