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CROP Infrastructure's lab cannabis tests in California show 23.9% THCa concentration

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CROP Infrastructure’s (CSE:CROP) (OTCPink:CRXPF) California tenant has received additional lab results from its first crop.

Additional Information:

Company: CROP Infrastructure
Website: http:// www.cropcorp.com
Stock Symbol: CSE: CROP
Date Published: Sep 21, 2018
Transcript: Available

Video Transcript:

I’m Erica James for Investmentpitch Media

CROP Infrastructure’s California tenant has received additional lab results from its first crop.

The first sample of dried 707 OG cannabis flower was submitted to Humboldt Quality Assurance Laboratory for analysis on September 14, 2018.

The 707 OB sample has received a Tetrahydrocannabolic Acid (THCa) result of 23.9% and passed all tests for microbial impurities and detectable pesticides.

THCa is not directly used, but its presence is commonly analyzed when cannabis or hemp-based products are screened for THC.

The company has been informed that samples of Platinum OG Kush have been submitted for additional testing.

Michael Yorke, CEO, stated: “Following our CROP SAFE method and SOP's (Standard Operating Procedure), CROP is pleased to announce that our tenant has achieved a concentration of 23.9% THCa. 23.9% THCa commands a higher market value and is considered premium quality."

Earlier this week, CROP received an updated building permit for its Washington “The Dozen” Project, to include upgraded access roads and a new staff facility, including restroom and break-room.

The company has completed 90% of the construction of the first 6 purpose-built proprietary greenhouses and will now complete the final construction for site approval.

Phase one of construction, consisted of site preparation and foundations for 12 purpose-built indoor agricultural canopies encompassing a planned total area of approximately 44,000 square feet.

The site currently allows for about 176,000 square feet of canopy space.

Each completed phase will be leased to licensed tenant growers along with brand licensing and the CROP SAFE Standard Operating Procedures.

The 12 indoor growing facilities will benefit from a regional electricity rate of US$0.02 kilowatt hour and based on internal calculations provided by CROP’s expert consulting partner, should result in tenant cost of production of less than US$150.00 per lb. or US$0.33 per gram, with adherence to the CROP SAFE Standard Operating Procedures.

Michael Yorke, CEO, added “Once the project is completed this will serve as our CROP SAFE production model for all our future builds across the globe. We intend to have strict replication of our growing procedures to get the best return from every square foot of growing space and the lowest cost possible for our tenants.”

CROP is primarily engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors.

The company's portfolio of projects includes cultivation properties in California, Washington State, Nevada, Italy, and Jamaica and a joint venture on West Hollywood and San Bernardino dispensary applications.

CROP has developed a portfolio of 16 Cannabis brands and has US and Italian distribution rights to a line of over 55 cannabis topical products from The Yield Growth Corp.

CROP Infrastructure, which began trading on the CSE on March 13th, is trading at $0.54.

For more information, please visit the company’s website at www.cropcorp.com, contact Michael Yorke, CEO, at 604-484-4206 or email info@cropcorp.com.
I’m Erica James for Investmentpitch Media