Dear Fellow Shareholders, As the CEO of FutureWorld, I would like to update all of our shareholders on our current business and events:
We are currently involved in many "picks and shovel" ancillary business enterprises associated with the Hemp/Cannabis industry and will continue to delve even further as the space continues to evolve. Our overall strategy is to have a foot print in all states that have a legalized Cannabis marketplace (Hemp especially) with diverse products and services. This will allow us to be at the forefront of this growth industry which may at some point surpass even the tobacco market now worth close to
We are on the verge of the creating perhaps the most enormous agricultural industry ever contemplated. Industrial Hemp alone could generate billions of dollars per year and create thousands of jobs. Cannabis, on the pharmaceutical level, will become a major competitor to the global trillion dollar pharmaceutical industry. We are living at a great point in history that may never repeat itself. Our job at FutureWorld is not only to become part of this history but also influence this history.
Since our last shareholder update, we have been moving at a dizzying pace beyond a mere articulation of our business plan to visualization and actualization of our goals. To simplify our immediate goals and achieved milestones coupled with verifiable ROI's, I have categorized our discussion points in this shareholder letter based on our subsidiaries.
CBD Oil (Oil extract from Cannabis/Hemp) - Clinical studies underscore CBD's potential as a treatment for a wide range of medical conditions hence the intense sourcing of this scarce miraculous oil by thousands of patience globally. Its scarcity (and its high cost) is the consequence of the legal confusion and barriers in growing Hemp in the States. Although, it may change in the near future, we believe, it may take years for the scarcity and cost to be mitigated for the medical patience around the globe.
The present usage for scientific CBD oil in
Additionally, edible products based on CBD oil and medical marijuana has become a very profitable venture in the sector. We are presently partnering with industry heavy-weights in
We have factored CBD oil to be one of the greatest revenue generating potentials for our company going forward. We have plans to increase distribution of the CBD oil up to 100 Kilograms by the end of the year, making it the most profitable endeavor in the whole industry thus far.
We brought to market our own brand of vaporizers (pens) that stand as the most advanced in the industry. Our first order of inventory was 2000 vaporizers. Currently we offer an oil based Vape with a look to an herb/wax version within few weeks. We also have ordered an additional inventory of few thousand URVape pens to replace what is being sold and we are happy to report that interest is high and we should be out of inventory by the end of June. We expect the order level to increase by 100% per month.
For states that do not have much in the way of cannabis oils, we expect to move more dry herb pens than oil pens, but in states with an already booming market like Colorado,
We estimate selling 50 to 100 thousand URVape pens each year with exponential growth, making it the largest contributor to our bottom line stepping out of the gates.
We expect to sell thousands of the kits being developed by end of 2014 hence contributing considerably to our bottom line.
4. CB scientific, Inc.
FutureWorld is currently making preparatory efforts to open testing labs for Hemp/Cannabis in
We currently have three contracts that are being discussed for use of SPIDer, SmartSense™ and CaNNaLyTiX™ with regard to two large grow facilities. They are based on JVs and teaming agreements. We are expecting to close these contracts within a matter of days. These products are the industries most sophisticated technologies and have no rivals. We are planning to showcase our products at the Cannabis Cup in
We expect SPIDer and SmartNergy with CaNNaLyTiX to bring substantial amount of revenue in the next Qs.
DispenseTek is designed to market and sell products to the dispensaries nationally. One such product is CaNNaBoX™. CaNNaBoX™- is a secure robotic device specifically designed for dispensing cannabis products in secure prepackaged amounts, in complete accordance with state law requirements, in licensed dispensaries, and only to legal buyers.
FutureWorld has teamed up with American Green to brand the Zazzz Dispensary machine with the CaNNaBoX™ logo (brand) and distribute the product across
FutureWorld has invested in the first Cannabis banking venture in the country, set in
Our first quarter (Q) ending June 30th, would be our first quarter showing drastic increase in revenue from the prior year (or prior quarter). We will continue this momentum to increase our revenue every quarter going forward.
Our 10K will be out with audited financials with very limited numbers since it marks the year prior to our current business model in the cannabis industry. The audited 10K shall make a great foundation for the company going forward creating a baseline fundamental for our future Qs and Ks.
FutureWorld is determined and pleased to continue down this exciting path to create a global company, bringing value to the industry by introducing world-class technologies and creating value for our shareholders by increased revenue and profitability.
As the only company in the industry with such a diverse amount of products and services, we will continue bringing the market up to Cannabis 2.0.
FutureWorld (Other OTCQB: FWDG), a
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
FutureWorld EnergyInvestor Relations (239) 324-0000