Future Farm made its investment by loaning BCWC USD 5.0m under a secured convertible promissory note.
Future Farm said the investment in BCWC further positions the company for revenue growth in 2018.
BCWC holds a permit and a provisional license to build and operate a 24,700-square-foot registered marijuana dispensary (RMD) that will grow and sell medical marijuana.
This vertically integrated license allows BCWC to build out its facility and engage in cannabis cultivation, processing and retailing.
Future Farm Technologies' note will convert automatically into a 51% ownership interest in BCWC upon the latter receiving its RMD Certificate from the Commonwealth of Massachusetts.
In addition, Future Farm has signed consulting contracts with each of the owners of BCWC, under which, the aggregate consideration for the consulting services to be provided by all of the individuals is the issuance of 2,925,514 common shares of Future Farm.
The company added that BCWC has a special permit from the City of Attleboro plus a provisional license from the Department of Public Health to build and operate a 24,700-sq.
In the next 30 days, BCWC will begin construction and revenue is expected to begin in the fourth quarter of 2018.
2012) occurring during pyrolysis process may have resulted in lowering the content of DOC in the batch extracts of BCWC and BCLG.
With the increase in pyrolysis temperature, BCWC and BCLG showed a significant (p < 0.05) decrease in DOC concentration in the water extract by about 61 and 7%, respectively.
These authors measured the highest TC content in BCWC and BCLG for both the applied pyrolysis temperatures of 450 and 700[degrees]C which were between 54 and 68%, respectively, higher than the content of TC in BCDSS.
received a special permit from the City of Attleboro plus a provisional license from the Department of Public Health to build and operate a 24,700-sq ft.