09:45 AM EST - Crop Infrastructure Corp. : Announced today it has consolidated its roll-out plan in Oklahoma with 20 acres cleared and prepped and high nutrient soil being spread on the property in readiness for tenant planting of medical cannabis. Additionally, the partnership is reviewing several different high +20% THC genetic cannabis strains for its plant starts for the 2019 season. CROP has also leased a 32,000 sq. ft. drying building for drying the 20-acre outdoor harvest, the property has an additional 32,000 square ft of footings where greenhouse will be erected for propagation with sufficient power on site for both the propagation and drying units. The 20 acres of medical cannabis, once tenanted, is estimated to yield 30,000 lbs of dried flower per year with a total infrastructure cost of $500,000. The edibles and oils markets are quickly gaining dominance. Being positioned to provide for this market with a vision of vertical integration will be a key driving force behind CROP, its brands and tenants being successfull in Oklahoma. Crop Infrastructure Corp.
shares CROP:CNX are trading unchanged at $0.30.
