VANCOUVER, British Columbia,
April 3, 2019 /CNW/ -- CROP
INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) has been advised by its
tenant brand sales team that the Hempire and Evolution brands are
now available in 40 retail locations, mostly along the coastal
cities of Washington.
The flower is available in eight different strains across
seven sizes with concentrates being made available in
five different concentrates across 20 separate strains giving
the retail locations over 100 SKUS to offer their consumers.
The Washington market for
2018, according to Statista.com, was a $534.06 Million market with RBC Capital Markets
analyst Nik Modi writing: 'The
legal cannabis category [in the U.S.] is set to grow at a 17% CAGR
over the next decade to as much as $47
billion in annual sales.'
Crop's tenanted Washington
facility has a major advantage with low cost
electricity at $0.02 per kWh and greenhouse style
growing, making it one of the most efficient growing
operations available in the state of Washington for high quality product.
CROP CEO, Michael
Yorke, stated: "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. We continue to
build out our brands in California
and Nevada and our objective is,
ultimately, to be in as many states as possible."
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
Washington Project; the technological effects of Washington
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: +1(604) 484-4206
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content:http://www.prnewswire.com/news-releases/crops-tenant-brands-hempire-and-evolution-now-available-in-40-retail-locations-with-over-100-available-skus-300823627.html
SOURCE Crop Infrastructure Corp.