Future Farm Technologies Inc. (CNSX:FFT) signed a Letter of Intent to acquire 10-Acre Operating Greenhouse in Florida on November 7, 2016. The Future Farm intends to continue operating the greenhouse as is while it applies for licensing as a cannabis cultivator with the State of Florida. In the past 12 months, Greenhouse property has generated over $2.6 million in revenue with EBITDA of over $0.4 million. As of May 2, 2017 Future Farm’s Florida Partner, a Florida LLC, has received a bank term sheet in the amount of $2.67 million at prime plus 2% to acquire 10-Acre Operating Greenhouse in Florida with an expected close date within the next 45-days. As of December 27, 2017, Future Farm has set a closing date for the transaction on January 4, 2018. Future Farm Technologies Inc. (CNSX:FFT) completed the acquisition of 10-Acre Operating Greenhouse in Florida for $2.2 million (CAD 3 million) on January 3, 2018.