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Arcturus GrowthStar Tech (CSE:AGS) signs LOI to acquire portfolio of revenue generating App's and source code

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(Name change to Future Farm CSE:FFT OTCQB:AGSTF)Arcturus Growthstar Technologies has signed a Letter of Intent to acquire a large portfolio of revenue generating App’s and source code. This acquisition brings on a seasoned team of app developers, which instantly expands the Company's tech portfolio and positions Arcturus for rapid rollout of a suite of 420 centric apps.

Additional Information:

Company: Future Farm Tech
Website: http://www.futurefarmtech.com
Stock Symbol: CSE: FFT
Date Published: Sep 28, 2016
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Arcturus Growthstar Technologies has signed a Letter of Intent to acquire a large portfolio of revenue generating App’s and source code.

This acquisition brings on a seasoned team of app developers, which instantly expands the Company's tech portfolio and positions Arcturus for rapid rollout of a suite of 420 centric apps.

With this all-stock deal, which is subject to escrow, Arcturus gains a foothold in the extremely valuable and fast growing mobile application market and obtains access to a seasoned team of experienced developers who have published more than 500 apps.
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William Gildea, CEO and Chairman, stated: "Agriculture and technology are two powerful trends, which are merging at a rapid pace, and mobile technology, specifically apps that are efficiency based, will be in the center of it all. This acquisition positions Arcturus to take full advantage of this trend now and in the future by leveraging the experience of this seasoned mobile app team, which just in the past three years has released over 500 iOS/Android apps, including Farming All In One and a soon to be released 420 All In One Application with many more 420 apps in the pipeline."

According to CropLife, “The agricultural industry is being transformed by the use of data. It is everywhere, and over the next several years, innovative new uses of information across agriculture - from yield optimization and fertilizer management, to food safety and connected vehicles - will be adopted.”

Arcturus is in the business of developing and distributing LED based lighting solutions for both commercial and residential applications, with a focus on delivering cost efficient lighting to North America via advanced e-commerce sites the company owns and operates.

The company’s www.LEDCanada.com website which caters to all Canadian consumers as well as B2B customers via Contractor and Re-Seller log-in areas, attracts thousands of customers per month.

LED Canada is a trusted supplier of the newest and highest quality LED Lighting solutions, helping take the guess work out of this “sometimes confusing” technology.

The company also owns and operates www.COBGrowlights.com which caters to both large and small greenhouses and indoor cultivation centres.

The shares are trading at $0.13 and with 41.6 million shares outstanding, the company is capitalized at $5.4 million.

For more information please visit the company’s website www.arcturusgrowthstar.com or contact William Gildea, CEO & Chairman, at 617-834-9467.

I’m Samantha Deutscher for Investmentpitch Media