Vancouver-based CROP Infrastructure Corp. (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) recently announced that its 57,600 square foot Nye County, Nevada, seed nursery has been completed.
The nursery is equipped with trays and specially designed LED lighting that would enhance crop growth. This project is key for CROP to reduce farming risk and maximize yield during the 2019 planting season.
CROP prides itself as an enterprise positioned to support the explosive growth of the cannabis crop production sector. According to Michael Yorke, CROP CEO, “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 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 division.”
CROP recently revealed to investors that its tenant in Oklahoma, Hempire has received licenses for medical cannabis cultivation and processing. Hempire uses its one-acre location in Purecell for the production of high-grade flower as well as extraction. Yorke said, “Oklahoma is a key part of our overall strategy of siting operations on prime land in different, but suitable geographic locations within the US to introduce our tenants, brand portfolio and brand partners to new markets.”
The Vancouver-based company continues to review existing retail locations to find the best retail location to acquire. CROP has also agreed a start-up fund of up to C$500,000 for multiple cultivation and retail locations.
CROP has already prepared 20-acres of land in Oklahoma for tenant planting of medical cannabis. The land is projected to annually yield up to 30,000 pounds of dried flower. It is evident CROP has the potential of disrupting the Oklahoma market through empowering tenants to produce high-quality products at a lower cost.
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