Future Farm Technologies Inc. (OTCMKTS:FFRMF) has provided an update on the operations and outlook of its High Purity Natural Products unit which is a top supplier of bulk and wholesale hemp derived CBD products in the US.
Future Farm to expand its facility to boost production capacity
Bill Gildea, Future Farm’s CEO aid that by Q2 2021, strategic business development and funding efforts by the company will enable High Purity Natural products to offer enhanced manufacturing capacity for its clients. Some of the primary outcomes of the effort include high volume production capacity for hand sanitizers, tinctures, creams, balms, tea bags, oral pouch products, split caps, and lotions.
Equally, they include automated counting machines for gelcaps and gummies which offer seamless and faster fulfilments as well as expanded expertise in the custom formulation. Notably, among the efforts the company is working in is enhancing logistics through the inclusion of third party logistics (3PL), fulfillment, warehousing, and shipping.
Gildea indicated that the company has a robust plan for 2021 which includes the expansion of High Purity Natural Products. Future Farms is planning to move to a new 10,000 sq. ft. facility in Southbridge in Massachusetts which they will equip with high throughout machinery. Most importantly, the improvements will boost High Purity’s production capacity by five times. Gildea added that they expect the increase in production to generate fast revenue growth and fortify the company’s balance sheet.
High Purity Naturals to leverage Future Farm’s expertise for growth
The merge with High Purity Natural Products has transformed Future Farm into a leading supplier of premium health and wellness products. The company now supplies products that include hemp-infused products to meet the burgeoning global markets. High Purity Natural is leveraging Future Farm’s experience in formulation, manufacturing, marketing, and sales to compete in the fast-growing health and wellness hemp-derived products market.
High Purity Natural Products’ CEO Mike Matton said that the growing hemp-derived CBD market, the company’s large customer base, and Future Farm’s support positions the company well to exceed its 2021 goals.