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Crop Infrastructure Corp.

Crop Infrastructure's final inspection on Nevada farm is done and licenses are expected soon

Crop is set to receive its final medical and recreational licenses later this month for its THC cultivation, extraction and production facility in Nevada

Welcome to Nevada sign
Crop is now accepting off-take orders and supply agreement requests for the 2019 cannabis harvest

Crop Infrastructure (CSE:CROP) (OTC:CRXPF) announced Tuesday that it is set to receive its final medical and recreational licenses later this month now that a final inspection has been completed at its tetrahydrocannabinol (THC) cultivation, extraction and production facility in Nevada.

In other news, construction at the 40-acre Nevada operation is still continuing on the site’s perimeter wall. The farm will be protected by an eight-foot-high block wall topped with razor wire and an interior chain link combination razor wire fence with a guard tower and closed-circuit television. 

READ: Crop says Elite Ventures subsidiary completes grading of 40 acres for THC farm in Nevada

The Nevada project, which is 50% paid for, is set to cost C$500,000 and is forecast to yield 80,000 pounds of cannabis.

The company is now accepting off-take orders and supply agreement requests for the 2019 cannabis harvest.

READ: Crop Infrastructure completes work on advanced Nevada genetics lab

“With our ultra-low cost and organic outdoor focus in Nevada, our tenant farms will provide extractors with cost-effective extraction materials giving both Crop and our tenants a significant competitive advantage in Nevada for the 2019 season and beyond,” Michael Yorke, Crop’s CEO, said in a statement.

Based in Vancouver, Crop’s portfolio of cannabis projects include cultivation properties in California and Washington state, a 1,000-acre Nevada cannabis farm and extraction work in Nevada.

Crop shares slipped 2.9% to C$0.34 in Tuesday’s morning trading session.

Contact Ellen Kelleher at [email protected]

Quick facts: Crop Infrastructure Corp.

Price: $0.15

Market: CSE
Market Cap: $24.81 m
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