Future Farm Technologies and High Purity Natural Products have closed their merger.
"As previously announced, Future Farm has already been providing strategic and financial resources to support the rapid growth of High Purity’s business," the team with the company explains. "That business includes High Purity’s established operations as a leader in advanced contract manufacturing of health and wellness products featuring CBD, as well as 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 top-quality health and wellness products, including those which feature hemp-derived CBD and other compounds."
“Working closely with Future Farm before the merger showed us the strong synergy of our teams and our shared vision for this exciting industry,” says Mike Matton, President of High Purity. “The support we have had from Future Farm has helped us more rapidly implement new strategic initiatives in areas such as working closely with other manufacturers who value our marketing and sales expertise, introducing new product lines and expanding operations, including our popular new third-party logistics services. Now that we have completed the merger, we expect those and other efforts to grow even more rapidly and successfully.”
Tom Barrette, President of Future Farm, observed, “Just a few days before closing our merger we were pleased to receive confirmation of an initial order for 25,000 units of hand sanitizer from a new customer which Future Farm introduced to High Purity, a great example of how well the companies complement each other.”
“We are pleased that the great people at High Purity and Future Farm are now together as one outstanding team,” says Bill Gildea, Future Farm’s CEO. “The merger with High Purity will accelerate our growth to a cash flow positive, scalable business with multiple revenue streams.”
For more information:
Future Farm Technologies
U.S.
368 Washington Street
Suite 206
Dedham, MA 02026
Canada
Suite 501 – 543 Granville Street
Vancouver, BC V6C 1X8
info@futurefarmtech.com
futurefarmtech.com