Crop Infrastructure Corp.

10:58 AM EST - Crop Infrastructure Corp. : Announced today that its 49% owned Humboldt County farm has received an order of 1,000 4 ft. tall cannabis plants accelerating the company and its farm in to the 2019 cultivation season. These large starter plants are expected to have increased yields as they are much taller and fuller than the previous years plants. Currently, the farm has five 2,000 sq.ft. greenhouses totaling 10,000 square feet and 20,000 square feet of outdoor cultivation space. Additionally, the farm has received approval from the Humboldt County Planning Department for the 2019 expansion, including a 30,000 sq. ft. automated light dep greenhouse facility and additional vault space. The new facility is expected to cost $499,000 in capex at the farm and is expected to yield 12,000 pounds per year, taking the company to year-round cultivation and tripling the output of the existing California infrastructure. Crop Infrastructure Corp. shares CROP:CNX are trading up 1.61 percent at $0.32.