Proactive Investors - Run By Investors For Investors

Crop Infrastructure begins development of Nevada cannabis greenhouse and outdoor farm

Phase 1's outdoor output is estimated to be roughly 80,000 pounds per year
A greenhouse with marijuana plants
Crop's first phase of development at its facility in Nevada includes 60,000 square feet of greenhouse

Crop Infrastructure Corp (CSE:CROP) (OTC:CRXPF) said Thursday that it has begun development of a greenhouse and outdoor farm in Nevada.

The Vancouver-based company said in a press release that the first phase includes 1.7 million square feet (40 acres) outdoors and 60,000 square feet of greenhouse.

READ: Crop Infrastructure cannabis subsidiary Elite Ventures leases 250 more acres in Nevada

The cost is expected to be C$600,000, with final pricing being determined for the greenhouse. Phase 1's outdoor output is estimated to be roughly 80,000 pounds per year.

"Crop will now bring our style of low-cost cannabis cultivation to Nevada tenants, giving residents and visitors of Nevada a superior product at a lower price,” CEO Michael Yorke said in a statement.

The company added that the second phase of the project will triple the size and output of the farm with the addition of 5.2 million square feet (120 acres) and an additional 120,000 square feet of greenhouse. The project sits on 1,000 acres 3 1/2 hours north of Las Vegas.

The company is accepting 2019 orders and supply agreement requests from processors, distributors and retail outlets.

Shares of Crop traded at C$0.28 in Wednesday’s Canadian trading.


Contact Dennis Fitzgerald at [email protected]

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full CROP profile View Profile

Crop Infrastructure Corp. Timeline

Related Articles

A WeedMD greenhouse
January 21 2019
WeedMD produces cannabis and cannabis oil for both the medical and adult-use markets
Sydney Harbour Bridge
January 22 2019
A phase I study in Australia is evaluating a cannabis spray therapeutic in cancer patients.
Cannabis leaf
November 19 2018
With the legalisation of recreational cannabis in Canada in October, and the US expected to follow suit, the company has its sights set on building up the very best in the industry
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use