VANCOUVER, British Columbia,
April 23, 2019 /CNW/ -- CROP
INFRASTRUCTURE CORP. (CSE: CROP) (OTC: 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.
This was a key project in order to maximize yield, reduce farming
risk and costs for the 2019 planting season.
CROP continues to gauge interest and review potential off take
relationships for the 2019 season for its CBD products.
The global medical cannabis market value is
expected to reach a value of US$ 45.4
Billion by 2024, with a CAGR of 22.9%
during 2019-2024, according to IMARC research. The
firm's estimate for last year was that it would to reach
US$ 13.4 Billion.
CROP CEO, Michael
Yorke, stated: "The CROP family of companies and
subsidiaries continues to build strategic infrastructure in key
states where we are present. These are one time builds that will
streamline harvests, reduce risks and costs as well as maximize
yields for many years to come."
"We are very proud of our team members for putting in the extra
hours to ensure the season ahead is as successful and profitable as
can be. We are encouraged by the number of interested parties in
the products we are producing and will look to secure long term
reliable relationships to the benefit of stakeholders and the
company's farming, marketing and construction divisions."
About CROP
CROP is publicly listed company trading under symbol CROP.CSE.
The company is focused on cannabis branding and real estate assets.
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.
CROP has developed a portfolio of assets including Canna Drink,
a cannabis infused functional beverage line and 16 Cannabis
brands.
Disclaimer for Forward-Looking Information
Certain statements in this press release are forward-looking
statements are not based on historical facts, but rather on current
expectations and projections about future events and are therefore
subject to risks and uncertainties which could cause actual results
to differ materially from the future results expressed or implied
by the forward-looking statements. In addition, marijuana remains a
Schedule I drug under the United States Controlled Substances Act
of 1970. Although Congress has prohibited the US Justice Department
from spending federal funds to interfere with the implementation of
state medical marijuana laws, this prohibition must be renewed each
year to remain in effect. These statements generally can be
identified by the use of forward-looking words such as "may",
"should", "could", "intend", "estimate", "plan", "anticipate",
"expect", "believe" or "continue", or the negative thereof or
similar variations. Forward-looking statements in this news release
include statements regarding the expected returns from the Nevada
Project; the technological effects of Nevada Project; the intention
to expand its portfolio; and execute on its business plan. Such
statements are qualified in their entirety by the inherent risks
and uncertainties surrounding the regulatory and legal framework
regarding the cannabis industry in general among all levels of
government and zoning; risks associated with applicable securities
laws and stock exchange rules relating to the cannabis industry;
risks associated with maintaining its interests in its various
assets; the ability of the Company to finance operations and
execute its business plan and other factors beyond the control of
the Company. Such forward-looking statements should therefore be
construed in light of such factors, and the Company is not under
any obligation, and expressly disclaims any intention or
obligation, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
The CSE has not reviewed, approved or disapproved the content
of this press release.
Company Contact
Michael
Yorke – CEO and Director
E-mail: info@cropcorp.com
Website: www.cropcorp.com
Phone: (604)484-4206
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content:http://www.prnewswire.com/news-releases/crops-57-600-square-foot-nevada-nursery-ready-for-plants-for-cbd-farms-300836126.html
SOURCE Crop Infrastructure Corp.
