CROP Infrastructure Corp (CSE:CROP) (OTCMKTS:CRXPF) announced Wednesday that its tenant brands, Hempire and Evolution, are now available in 40 retail locations.
The flower is available in eight different strains across seven sizes, with five concentrates across 20 separate strains giving retailers a combination of over 100 stock keeping units (SKU) to offer customers.
The retail storefronts are populated primarily along the coastal cities of Washington, a state that is set to grow to nearly $47 billion in annual sales over the next decade, according to RBC Capital Markets data provided by the company in a statement.
"Our tenant growing team and their sales team have made outstanding progress with product placement in 40 retail locations for both flower, oils and extracts” said CROP’s CEO Michael Yorke in a statement. “We continue to build out our brands in California and Nevada and our objective is, ultimately, to be in as many states as possible."
CROP's portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada cannabis farm, 2,115 acres of Hemp CBD farms, and a growing portfolio of common share equity in upcoming listings within the cannabis space.
Shares of CROP closed at C$0.31 on Tuesday in Toronto and US$0.24 in the US.
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