Future Farm merges with U.S. company
By Food in Canada
Food In Canada Business Operations Health & Wellness
June 4, 2020, Vancouver, B.C. – Future Farm Technologies Inc. and High Purity Natural Products have signed a letter of intent to merge.
“Merging with Future Farm will provide High Purity with access to incredible talent, as well as access to capital markets,” says Mike Matton, High Purity’s founder and CEO. “Combining Future Farm’s expertise with High Purity’s rapidly growing business creates a powerhouse team.”
“We are excited to combine High Purity and Future Farm,” says Bill Gildea, Future Farm’s CEO. “Merging with High Purity will accelerate our growth to a cash-flow-positive, scalable business with multiple revenue streams. This transaction allows us to capture a share of the market for CBD products which Cowen Inc. estimates will be $18 billion by 2025.”
Future Farm has already been providing strategic and financial resources to support the growth of High Purity’s business. That business includes High Purity’s operations as a leader in advanced contract manufacturing of health and wellness products featuring CBD and its recent expansion into the hand sanitizer product lines that retailers and other business customers are demanding in the face of the COVID-19 pandemic.
The merger of the two companies immediately implements a major step in Future Farm’s core strategy: becoming a leading supplier of pharma-grade health and wellness products, including those which feature hemp-derived CBD.
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