As per the Company’s Stock Option Plan, the options expire five (5) years from the date of grant and vest immediately. As further consideration, the Company also granted certain individuals a total of 575,000 incentive stock options exercisable at CAD$0.05 per share, and a total of 175,000 incentive stock options exercisable at CAD$0.12 per share. As consideration, Future Farm provided the holders of High Purity’s outstanding membership units a total of 15 million common shares of Future Farm. Pursuant to the terms of the definitive merger documents, Future Farm has acquired 100% of the outstanding membership units of High Purity, and High Purity is now a wholly owned subsidiary of Future Farm. “The merger with High Purity will accelerate our growth to a cash flow positive, scalable business with multiple revenue streams.” “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. 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.”

Now that we have completed the merger, we expect those and other efforts to grow even more rapidly and successfully.” “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. “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 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. 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. (“Future Farm”) ( CSE: FFT) ( OTCQB: FFRMF) and High Purity Natural Products, LLC (“High Purity”) are pleased to announce that they have closed their merger.Īs previously announced, Future Farm has already been providing strategic and financial resources to support the rapid growth of High Purity’s business. J– Vancouver, British Columbia – Future Farm Technologies Inc. High Purity’s Team, Built by Industry Leader Mike Matton, Brings Outstanding ExpertiseĬore Strategy of the Combined Company is Increasing Market Share in the Health and Wellness Market, Targeting Hemp-Derived CBD products and Hand Sanitizer

FUTURE FARM AND HIGH PURITY NATURAL PRODUCTS COMPLETE MERGERįuture Farm Continues Financial, Strategic and Administrative Support for High Purity’s Cutting-Edge Sales and Advanced Manufacturing Operation

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