DENVER, CO--(Marketwired - April 20, 2016) - HempTech Corp (OTC PINK: BLDWD), a provider of advanced Controlled Environment Agriculture (CEA) with sophisticated automation and analytical tools for the cultivators of legal cannabis, announces today that its board of directors has approved major investments in Southern Colorado by constructing advanced cannabis grow facilities using Company's proprietary container based grow pods, grow.droid II, on leased land. The grow.droid II grow pods or containers are the fastest, the most efficient and the most cost effective way to launch and expand a licensed grow facility. It provides Plug & Play grow solution that streamlines the start-up process and begins generating revenue in less time than conventional grow or greenhouses.
HempTech, in partnership with local license holders, will initially fund two grow.droid II grow pods and expand as the regulations allow. HempTech will participate in the revenue through facility lease fees and management fees. The grow.droid facilities will also second as demo units for our sales force in Colorado.
HempTech will be leasing its land in Colorado for its grow pods, grow.droid II, from FutureLand Corp (OTC PINK: FUTL) on a five-year term. With a successful implementation in southern Colorado, HempTech may consider other locations in other legal States for further development.
Since 2014, HempTech Corp, a subsidiary of FutureWorld Corp (OTC PINK: FWDG), in cooperation with FutureLand Corp (OTC PINK: FUTL), has spent substantial amount of resources to develop state-of-the-art automation technologies for the growers and cultivators in the burgeoning cannabis industry.
With Intelligent Automation Technology engineered for agricultural operations featuring CognetiX Cultivation Automation & Analytic Software, which drives improvement in productivity, efficiency and quality, small to large size cultivators will have access to industrial grow technology not yet available in the Cannabis market. HempTech's goal is to provide cost effective and efficient cultivation of indoor cannabis through intelligent technologies and process control platforms.