10:42 AM EST - CROP INFRASTRUCTURE CORP. : Announced today its 49% owned subsidiary Elite Ventures has now completed its genetics, tissue culturing and micropropagation laboratory at the company’s Nevada THC farm. The lab will provide 10,000,000 plant starts for the company’s 2,115 acres of CBD farms. By propagating in the lab, the company will save about $3.0 million in seed and planting costs for the 2019 season. In addition, the lab will also develop proprietary genetics to maximize yields and provide the company a production and quality lead with some 100 photocannabinoids, beginning with cannabinol (CBN) and cannabigerol (CBG). The newly-completed building will get its final inspection next week with the Cannabis Licensing Board for approval for recreational cannabis cultivation, production and commercial kitchen. The building blocks needed for the perimeter security wall have been ordered and are expected to be on site shortly for its construction. CROP INFRASTRUCTURE CORP.
shares CROP:CNX are trading up 1 cent at $0.32.
