Future Farm (CSE:FFT) has announced that its majority owned subsidiary, FFM Consulting Services, has purchased an extraction machine for the manufacture of concentrated cannabis oil and purified distillate.
As quoted in the press release:
The equipment purchased is designed to rapidly manufacture premium cannabis oil to supply the growing demand for cannabis concentrates in the state of California. The equipment utilizes a closed-loop system to produce high quality oil in a high throughput system with minimal maintenance and labor. The equipment is estimated to be delivered, installed and in full production within the next 90 days.
Projected vendor recommendations and ROI:
-Load Capacity per run = 20lb
-Run Time = 1 hour (24 potential runs daily)
-Oil yield = 10% on average
-Estimated oil yield per run = 9080 grams
-Estimated wholesale price per gram = $10-$20
-Potential revenue per hour = 9080 x $10 = $9,080
“We believe this alcohol extraction machine is the best extraction equipment on the market today, which allows us to be able to process large amounts of cannabis flower into highly pure concentrates from day one,” says Bill Gildea, CEO of Future Farm. “This equipment will immediately allow for high-volume and highly pure extraction production. With this purchase, Future Farm is now formalizing the marketing plan to include its own brand, as well as offering contract manufacturer services for other brands and cultivators across the state of California.”