10:58 AM EST - CROP Infrastructure Corp. : Announced today its California tenant has received lab result from its first crop. The first sample of dried BOSS OG Cannabis flower was submitted to Humboldt Quality Assurance Laboratory for analysis on August 27, 2018. The sample has received a Tetrahydrocannabolic Acid (‘THCA’) result of 21.4% and passed all tests for microbial impurities and it also had no detectable pesticides. THCA is not directly used, but its presence is commonly analyzed when cannabis or hemp-based products are screened for THC. Samples have now been submitted for State testing for the approval to sell. The third greenhouse crop has now been harvested and is drying. The company is awaiting construction permits to buildout 12 propriety light supplemented greenhouses totaling 44,000 sq. ft. CROP Infrastructure Director and CEO, Michael Yorke, stated: “CROP’s tenant has strictly adhered to the CROP SAFE gold standard for organic cannabis cultivation practices. CROP SAFE utilizes only natural ingredients for its fertilizers and pest control. Once CROP completes its green house complex we can anticipate considerably increased production from this tenanted facility.” CROP Infrastructure Corp.
shares CROP:CNX are trading off 4.55 percent at $0.32.
