Crop Infrastructure Corp (CNSX:CROP) (OTCMKTS:CRXPF) said Thursday that its Washington State tenant’s first cannabis crops passed all tests for microbial impurities and showed no detectable pesticides.
The cannabis company said in a statement that nine strains are now cleared for sale in Washington State.
“This is an excellent result and certainly bodes well for the future,” CEO Michael Yorke said in a statement. “Crop's tenant production teams continue to show what meticulous controls, defined production protocols and a focus on organic operations can mean in terms of resulting products."
The samples showed a range of results for tetrahydrocannabolic acid, whose presence is analyzed when cannabis or hemp-based products are screened for tetrahydrocannabinol (THC), the psychoactive component of cannabis.
The tenant, according to Crop, is working with bulk extraction buyers as well as retailers under the Hempire and Evolution brands in Washington State.
Shares of Crop traded at C$0.32 in Wednesday’s Canadian trading. They fetched US$0.25 on the OTC Markets.
Earlier this week, Crop said it had closed an oversubscribed C$3 million private placement.
Contact Dennis Fitzgerald at [email protected]