The Board of Future Farm Technologies Inc. (CNSX:FFT) announced the spin-off of 25.86% stake in augmented reality business on January 9, 2018. Pursuant to the spin-off, resulting new augmented reality company, to be called NexTech AR Solutions Corp., will issue 12 million new shares to shareholders of Future Farm Technologies, on a pro rata basis, to shareholders of record on the ex-dividend date, which is expected to occur within the next four months. NexTech AR Solutions Corp. will trade on Canadian Securities Exchange. As of June 20, 2018, NexTech AR Solutions Corp. will issue 11 million new shares to shareholders of Future Farm Technologies on a pro rata basis to shareholders of Future Farm Technologies. On a per share basis, Future Farm shareholders will be entitled to receive, for every one common share of Future Farm held by them, a fraction of a Nextech common share equal to the quotient of 11 million Nextech common shares divided by the number of Future Farm common shares outstanding on the record date, which will be the last trading day on the CSE immediately prior to the effective date. Future Farm's shareholders will then own approximately 25.86% of the issued and outstanding common shares of Nextech. As of June 21, 2018, the share distribution record date is expected to be August 7, 2018. As of August 28, 2018, the share distribution record date was set as August 30, 2018. The distribution of shares of NexTech AR Solutions Corp. is to be completed pursuant to a court-approved plan of arrangement. As of July 31, 2018, the transaction was approved by the Supreme Court of British Columbia. As of August 28, 2018, the transaction is expected to close on August 31, 2018. RwE Growth Partners Inc. acted as fairness opinion provider for Future Farm Technologies Inc.

The Board of Future Farm Technologies Inc. (CNSX:FFT) completed the spin-off of 25.86% stake in NexTech AR Solutions Corp. on September 4, 2018. Under the terms of the spin-out, any holder of Future Farm common shares as of August 30, 2018 is entitled to receive approximately 0.086145 of a NexTech common share for each common share of Future Farm held by that shareholder.