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Crop Infrastructure Corp.

Crop Infrastructure set to make 100,000 infused cannabis cones at its California farm

The finished cannabis product will be for distillate for use in cartridges and pre-rolls cones

Someone rolling cannabis
Crop updated on its brands for the California market

Crop Infrastructure Corp (CSE:CROP) (OTCMKTS:CRXPF) has made further advances in its brand portfolio, it told investors Thursday.

The Vancouver-based company says it will make 100,000 premium Moon Rock Cones at its Humboldt county farm in California as it expands its footprint in the state.

READ: Crop Infrastructure completes work on advanced Nevada genetics lab

The finished cannabis product will be for distillate for use in cartridges and pre-rolls cones that will then be dipped in kief (cannabis crystals) to make the infused cones, the company said.

After some initial market research, the company has established the best-selling SKUS (stock keeping units) are cones and pens, said Crop.

The company's toll process partner will convert equivalent material to produce around 50 liters of oil to fill 75,000 half gram cartridges and 50,000 quarter gram disposable pens.

Crop will also roll and tube approximately 200,000 Hempire and evolution branded 1-gram infused cones.

"Having wide distribution of a premium organic Infused Cone with over 100,000 branded units and 125,000 pen cartridges set to be consumed in California, this is a major step forward for our brand portfolio and tenant farm," said Crop's CEO Michael Yorke in a statement Thursday.

Around 350 licensed stores

The company's distributor has a network of around 350 licensed cannabis stores across California.

Humboldt will harvest soon a further 10,000 sq. ft. of canopy crop.

Additionally, the company has retained local engineers to plan and permit the 2019 expansion, including a proposed 30,000 sq. ft. automated greenhouse facility, extra vault space and security upgrades.

The company has made a cannabis retail application in Chula Vista, California, for its Emerald Height's brand and is working with its local partners to apply in additional municipalities.

It's been a busy week for the company. Yesterday, it said its 49%-owned subsidiary Elite Ventures had completed a 1,600 sq. ft. genetics, tissue culturing and micropropagation lab at its Nevada tetrahydrocannabinol farm.

The lab will aim to provide 10 million plant starts for the company's 2,115 acres of CBD farms.

By propagating in the lab, the company will save around $3 million in seed and planting costs for the 2019 season.

Quick facts: Crop Infrastructure Corp.

Price: $0.15

Market: CSE
Market Cap: $24.81 m
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Buds & Duds: Cannabis stocks drop but Crop Infrastructure shares jump after...

Buds leading the way Friday are CROP Infrastructure Corp (CSE:CROP) (OTCMKTS:CRXPF), True Leaf Brands Inc (CSE:MJ) (OTCMKTS:TRLFF). The duds are Canopy Growth Corporation (TSE:WEED) (NYSE:CGC), Acreage Holdings Inc (OTCMKTS:ACRGF). 

on 06/14/2019

2 min read