Future Farm Technologies has signed an exclusive license agreement with AR E1, LLC wherein the company has acquired the exclusive right to use ARE1’s patented technology in the cannabis industry. Future Farm and ARE1 will work together to merge augmented reality (AR) and ad-tech with the cannabis industry through the CannaCube Live platform. This transaction brings both a portfolio of intellectual property as well as a very experienced development team who have created over 300 AR apps for major clients like: Disney, Coca Cola, Colgate, Toyota, Kellogg, AT&T, General Motors, Ford, Pirelli, FedEx, Chevrolet, as well as many other blue chip clients.
An overview of the business model is available for download on Future Farm’s website or by using the following link: https://futurefarmtech.com/wp-content/uploads/2017/09/ARE1-FFT-9-23-17.pdf
Eric Koenig, founder of AR E1, LLC comments, “Launched in July 2016, Pokémon Go was the first major augmented reality app, generating 50 million downloads in 19 days hitting $2 million in revenue per day and over $1.2 billion in total revenue. With this huge success, we believe that augmented reality has crossed over into the mainstream. Now, the timing is right for this platform and we are thrilled to be working with Future Farm Technologies since we believe the cannabis user is uniquely matched to embrace our CannaCube Live augmented reality platform and the many exciting, eye-popping merged reality experiences it will offer.”
For more information:
Future Farm Technologies
342 Compass Circle
North Kingstown RI 02852
T: (617) 834-9467
[email protected]
futurefarmtech.com
Sign up for our daily Newsletter and stay up to date with all the latest news!
Subscribe I am already a subscriber