|Bid||0.1450 x 0|
|Ask||0.1500 x 0|
|Day's Range||0.1450 - 0.1500|
|52 Week Range||0.1400 - 0.6800|
|Beta (3Y Monthly)||-0.10|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CROP INFRASTRUCTURE CORP. (CSE:CROP) (OTC: CRXPF) (2FR.F) announced today that its tenanted California farm received and executed its first order from its 2018 harvest totaling $41,625 in whole flower. CROP’s tenanted Washington facility sold $83,749 in newly harvested flower, both in the first week of August. The revenue from the Washington sales was used to pay the ongoing operating expenses at the Washington farm with the $41,625 in California being realized by CROP’s 49% owned Humboldt Holdings.
CROP Infrastructure Corp. (CSE:CROP) (CRXPF) (2FR.F) (“CROP” or the “Company”), announces that Elite Ventures Group LLC (“Elite”), a limited liability company organized and existing under the laws of the State of Nevada in which the Company holds a 49% membership interest, has entered into two commercial real estate purchase agreements (the “Property Purchase Agreement”) with Trinity Global Investments LLC (“Trinity Global”) dated July 15, 2019, pursuant to which Trinity Global has agreed to purchase certain real property located in Tonopah, Nevada (together, the “Nevada Property”) owned by Elite.
CROP INFRASTRUCTURE CORP. (CSE:CROP) (OTC: CRXPF) (2FR.F) announced today that its first batch of THC distillate cartridges derived from the 2018 harvest have passed heavy metal and pesticide testing consistent with the excellent initial test results after the 2018 harvest. The packaging team has now resumed filling cartridges in preparation of the launch of Evolution Cannabis and Hempire brands in California. This will allow the company to launch its premium distillate line and organic fresh flower SKUs into the California market through internal sales and the partially owned Flip Distro, giving sales teams a full suite of products to offer retailers.
CROP INFRASTRUCTURE CORP. (CSE:CROP) (OTC: CRXPF) (2FR.F) announced today that Hempire has increased its ownership of Flip Distro to 51% for $100,000 in capital expenditures and product marketing at the distribution company. Increasing the ownership in Flip Distro, in concert with the recently announced acquisition of the Cathedral City dispensary, lounge and California-wide delivery provisional licences, will empower the company to use Flip for a secondary fulfillment centre for delivery logistics. CROP’s Humboldt Holdings has an option to acquire 100% of Hempire’s interest in Flip at any time it becomes legal and compliant to do so.
CROP INFRASTRUCTURE CORP. (CSE:CROP) (CRXPF) (2FR.F) announced today that its investment holding, World Farms Corp., has signed a definitive agreement with Graphite Energy Corp to go public via a reverse takeover (‘RTO’) on the Canadian Securities Exchange. CROP currently owns 10,000,000 shares in World Farms Corp. which also announced a $0.30 private placement in connection with the RTO.
CROP INFRASTRUCTURE CORP. (CSE:CROP) (CRXPF) (2FR.F) announced today that its 30% owned DVG, LLC partner has acquired additional facilities for a tenanted outdoor cannabis farm in Grant County, Washington. In return for acquiring the turnkey infrastructure and branding assets for DVG company, CROP infrastructure is issuing 2,000,000 shares at a deemed price of $0.30 per share and has paid $46,000 USD cash. CROP CEO, Michael Yorke, stated: “In the roll out of the Hempire and Evolution brands we have continually worked with the team tenanted at these locations.
CROP INFRASTRUCTURE CORP. (CSE:CROP) (OTC: CRXPF) (2FR.F) announced today that its Emerald Heights retail brand has secured a provisional licence for a retail, delivery, and smoking lounge in Cathedral City, California, to vertically integrate its California brands. CROP has also retained a local real estate broker to find suitable locations to set up its Emerald Heights flagship location. CROP’s subsidiary will be able to run delivery routes in the Bay Area, Coachella Valley, and is currently seeking a Southern California distribution partner.
CROP Infrastructure Corp. (CSE:CROP) (“CROP” or the “Company”), is pleased to announce that the Company completed its previously announced non-brokered private placement offering (the “Offering”) of senior secured convertible debentures (the “Debentures”) at an original issue discount of 20%, with aggregate face value of up to $1,250,000 (the “Principal Amount”), for gross aggregate proceeds of up to $1,000,000.
CROP Infrastructure Corp. (CSE:CROP) (“CROP” or the “Company”), announces that it intends to conduct a non-brokered private placement offering (the “Offering”) of senior secured convertible debentures (the “Debentures”) at an original issue discount of 20% with aggregate face value of up to $1,250,000 (the “Principal Amount”), for gross aggregate proceeds of up to $1,000,000.
CROP INFRASTRUCTURE CORP. (CSE:CROP) (CRXPF) (2FR.F) announced today that its Park Project tenant is now at the ‘self-sustaining’ point as it launches its Tiff CBD cartridge line. This is the first of CROP’s tenanted assets to become self-sustainable just 12 months since it’s acquisition. The first batch of Tiff CBD has been produced and the tenant has received both cartridges and boxes for its Tiff CBD line, initially to be sold as a full spectrum product in Washington, with a no THC product to be introduced in all States where the company is present.
VANCOUVER, British Columbia, May 30, 2019 -- CROP INFRASTRUCTURE CORP. (“CROP” or the “Company”) (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) announces today that ELITE VENTURES.
CROP INFRASTRUCTURE CORP. (CSE:CROP) (CRXPF) (2FR.F) announced today that its investment holding World Farms Corp. has signed an LOI with Graphite Energy Corp (CSE:GRE) to go public via reverse take over on the Canadian Securities Exchange. CROP currently owns 10,000,000 shares in World Farms Corp who also announced a $0.30 private placement in connection with the RTO. On February 27th CROP divested its interest in Italian and Jamaican joint ventures in return for $2.0 million in common shares of World Farms Corp at a deemed price of $0.20 per share for a total of 10,000,000 shares.
CROP INFRASTRUCTURE CORP. (CSE:CROP) (OTC: CRXPF) (2FR.F) announced today it has completed the purchase of the suite of Recreational Cannabis licenses and the 1,012-acre property in its Elite Ventures Group 49% interest holding. CROP has paid $3,950,900 USD for 169 acres, including a down payment for the 20-year vendor financing for the remaining 843 acres. CROP has an option on all licenses once federally legal and will recoup 100% of its investment.
VANCOUVER, British Columbia , May 2, 2019 /CNW/ -- CROP Infrastructure Corp. (CROP.CN) (CROP.CN) (CRXPF) (2FR.F) announced today that its first Oklahoma farm's tenant, Hempire Oklahoma has been issued Medical Cannabis Cultivation and processing licenses at its 1 acre location in Purcell, Oklahoma where the company will focus on high grade flower and extraction. This is a separate location to the company's 20-acre property that is currently being readied for tenant planting for the 2019 season. CROP continues to review several existing retail locations to acquire, as well identifying new locations that would be suitable for retail that the company would prepare applications for potential licensed tenants.
HOUSTON, TX / ACCESSWIRE / April 30, 2019 / The cannabis market is gaining significant traction. President Trump signed the 2018 Farm Bill into law. In addition, nearly 7% of Americans currently use CBD, according to Cowen & Co. analysts.
Corporate America is just beginning to invest in it. President Trump signed the Farm Bill into law. Arcview Research and BDS Analytics forecast 38% global growth in 2019 to $16.9 billion, for example.
VANCOUVER, British Columbia, April 25, 2019 /PRNewswire/ -- Crop Infrastructure Corp. (CROP.CN) (CRXPF) (Frankfurt: 2FR) announced today it has consolidated its roll-out plan in Oklahoma with 20 acres cleared and prepped and high nutrient soil being spread on the property in readiness for tenant planting of medical cannabis. Additionally, the partnership is reviewing several different high +20% THC genetic cannabis strains for its plant starts for the 2019 season. CROP has also leased a 32,000 sq. ft. drying building for drying the 20-acre outdoor harvest, the property has an additional 32,000 square ft of footings where greenhouse will be erected for propagation with sufficient power on site for both the propagation and drying units.
VANCOUVER, British Columbia, April 23, 2019 /PRNewswire/ -- CROP INFRASTRUCTURE CORP. (CROP.CN) (CRXPF) (Frankfurt: 2FR) announced today that it has completed the construction of its 57,600 square foot nursery in Nye County, Nevada. It has been equipped with trays and LED lighting specially designed to enhance the growth of plant starts for the 2019 CBD farms licenced on the company's various properties in the state. CROP continues to gauge interest and review potential off take relationships for the 2019 season for its CBD products.
One of the largest groups of buyers, they note, will be in North America, where sales are expected to reach $47.3 billion in 10 years. Analysts at Cowen note the U.S. cannabis market could rocket to $16 billion by 2025. As the global cannabis story heats up, likely beneficiaries include Lifestyle Delivery Systems Inc. (CSE: LDS)(OTC: LDSYF), Crop Infrastructure Corp. (CSE: CROP)(OTC: CRXPF), and Green Thumb Industries Inc. (CN: GTII)(OTC: GTBIF).
VANCOUVER, British Columbia, April 18, 2019 /PRNewswire/ -- Crop Infrastructure Corp. (CROP.CN) (CRXPF) (Frankfurt: 2FR) announced today that its 49% owned Humboldt County farm has received an order of 1,000 4 ft. tall cannabis plants accelerating the company and its farm in to the 2019 cultivation season. Currently, the farm has five 2,000 sq.ft. greenhouses totaling 10,000 square feet and 20,000 square feet of outdoor cultivation space. Additionally, the farm has received approval from the Humboldt County Planning Department for the 2019 expansion, including a 30,000 sq. ft. automated light dep greenhouse facility and additional vault space.
VANCOUVER, British Columbia, April 17, 2019 /PRNewswire/ -- Crop Infrastructure Corp. (CROP.CN) (CRXPF) (Frankfurt: 2FR) announced today that it has identified multiple Tenants for a roll out strategy to enter Oklahoma to target the Medical Cannabis market focusing on Cultivation, Extraction and Retail infrastructure. CROP will own 49% of the newly incorporated company. The focus of the Oklahoma partnership will be to set up 20 acres of cultivation for medical cannabis and establish up to three retail locations.
Crop Infrastructure (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) is working to open multiple retail locations of its Emerald Heights brand in California. Application Process Underway As part of its plans, the company has started the application process for its two retail applications in California, with the first application in Chula Vista already passing the first […]The post Crop Infrastructure Eyes Multiple Retail Locations in California appeared first on Market Exclusive.
VANCOUVER, British Columbia, April 11, 2019 /PRNewswire/ -- - CROP INFRASTRUCTURE CORP. (CROP.CN) (CRXPF) (Frankfurt: 2FR) announced today that its Emerald Heights retail brand has started two additional retail applications in California. CROP's business development team has started reviewing several existing licensed M&A opportunities in California for a flagship location. Furthermore, CROP has confirmed with the brand product supplier that 330,000 pre-rolled cone sleeves have been shipped with custom Hempire and Evolution filters.
Arcview Market Research and BDS Analytics say the worldwide market could explode to $57 billion by 2027. Respecting the rights of states - it doesn't force a state to do anything that it doesn't want to do," Rep. Earl Blumenauer told Rolling Stone. In addition, Part of President Trump's budget proposes scaling back restrictive language that has kept Washington D.C. from legalizing and regulating the sale of recreational cannabis.