FutureLand Corp (OTCMKTS:FUTL) saw a jump in early trading on Friday. FUTL shares are up +35% and holding strong. FUTL has seen a downward trajectory throughout the year after a high following the election. Summer has sucked the life out of the stock, but news of a solar acquisition is starting to inject some life back into the stock.
FUTL’s solar deal with Greenleaf Holdings – both will acquire Amps Electric – was announced at the end of July. Yet, it seems that traders are just starting to buy into the deal’s potential.
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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“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.”
Amps Electric, Inc. is a Massachusetts company that deals in solar energy. Of course, 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 years end. Because of the nature of many cannabis grows, being secluded on the one hand, and needing to operate self-sufficiently on the other, it makes a lot of sense for FutureLand to include this opportunity within its canopy of offerings.
Cameron Cox, CEO of FutureLand Corp. said, “Solar Energy has often been seen as the “holy grail” of energy sources and it has come a long way in the last 10 years. I am very excited about the direction of the company and this play as it pertains to marijuana.”
FutureLand Corp (OTCMKTS:FUTL) is on a strong run and could be out of the woods. However, it might be wise to see how this deal works in the long run. Bringing solar to the cannabis market is a strong play, but we might a long way from seeing more than a jump in price. FUTL also has some accumulated debt on the books. We will be watching the stock closely this month and waiting to see if the company can deliver on this interesting new direction. 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.