Veterans Capital Extends Future Farm $500K Equipment Lease LoC



Future Farm Technologies extended its conditional lease commitment with Veterans Capital, a specialty finance company which provides financial and leasing services to various types of business clients.

The agreement extended the company’s access to the line of credit to March 1, 2019 in an amount not to exceed $500,000.

“We are pleased to continue working with Veterans Capital,” said William Gildea, CEO of Future Farm. “Veterans’ line of credit provides Future Farm with access to capital that will help to expand our cannabis and industrial hemp extraction business.”

“Veterans Capital recognizes Future Farm Technologies as a leader in the sustainable production of both wholesale and retail cannabis products throughout North America,” said Joe Wold, president of Veterans Capital. “Our lease line will continue to provide the company with a sound alternative of growth capital for its current expansion requirements.”

Concurrently with the equipment lease financing extension, Future Farm issued 1,250,000 warrants with a five-year term exercisable at C$0.38 ($0.29) per warrant, each warrant entitling the holder to purchase one common share in the capital stock of the company.

Future Farm Technologies is a Canadian company with holdings throughout North America, including California, Massachusetts, Florida, Maine, Puerto Rico and Newfoundland. It focuses on the advancement of sustainable agriculture through production of wholesale and retail cannabis products, including hemp.


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