FutureLand Corp (OTCMKTS:FUTL) slumped slightly today, but the company has finally closed its deal with solar company, Amps Electric. The company supplies solar energy to any power need, but cannabis is going to be a huge addition to their erupting portfolio. Amps currently has annual revenues exceeding $5,000,000 and believes it can achieve as much as $10,000,000 by the year’s end. The deal is an exciting addition for FUTL and the market is still reacting to the move.
Cameron Cox, CEO of FUTL said, “Solar Energy has often been seen as the “holy grail” of energy sources and it has come a very long way in the last 10 years. I am very excited about the direction of the company and being a part of solving the industry power needs.”
FutureLand Corp (OTCMKTS:FUTL) bills itself as a company that operates as an agricultural land lease company. It serves the industrial hemp, legal medical marijuana, and recreational cannabis markets. The company is based in Greenwood Village, Colorado. The Company focuses on approximately 240 acres of prime property in southern Colorado. FUTL has other developmental land use plans for other projects being pursued as well. The Company has not generated any revenues.
FUTL is a cannabis and hemp specialty-zoned land leasing company formed to capitalize on the emerging global cannabis market. FutureLand, focuses on target acquisition, zoning, license fulfillment, site plan preparation and financing of cannabis or hemp grow facilities throughout the United States.
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One truth about cannabis that is often overlooked by the public is just how power hungry it really is. Growing in the wild, marijuana just sucks up as much sunlight as it needs. But for indoor and supplemental power needs growers have had to keep pace with the plant.
“This is cutting edge technology that is really going to bring down the costs of some major hydroponic grow operations here in the states”, said GreenLeaf principal Maury Winnick. “John Bianchi, of Amps Electric, is a great operator and we are pleased to join forces with him and his company to help create shareholder value in FutureLand Corporation.”
In 2014, a report by the Northwest Power and Conservation Council estimated marijuana operations could grow Washington electricity demand between 60 MW and 160 MW over the next 20 years. Regional demand, including producers in Idaho, Montana, Oregon and Washington, could reach almost 250 MW by 2035.
“This is cutting edge technology that is really going to bring down the costs of some major hydroponic grow operations here in the states”, said GreenLeaf principal Maury Winnick. “John Bianchi, CEO of Amps Electric, Inc., is a great owner/operator, highly skilled and knowledgeable, and we are pleased to join forces with him to help create shareholder value within FutureLand Corporation.”
FutureLand Corp (OTCMKTS:FUTL) has a market cap of $1.02M with 582.38M shares out. We see a reason to watch this stock because of the additional opportunity AMP brings. There is data out there suggesting that solar has a significant role in the cannabis market and FUTL could be a way to capitalize on that. For continuing coverage on $FUTL and our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $FUTL, either long or short, and we have not been compensated for this article.