Proactive Investors - Run By Investors For Investors

Crop says Washington State tenant’s cannabis crops pass tests for impurities

The tenant, according to Crop, is working with bulk extraction buyers as well as retailers under the Hempire and Evolution brands in Washington State
A marijuana plant
The cannabis company says nine strains are cleared for sale in Washington State

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.

READ: Crop Infrastructure closes oversubscribed $3 million private placement

“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]

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full CROP profile View Profile

Crop Infrastructure Corp. Timeline

Related Articles

muffins and cannabis
November 29 2018
Dehydratech is essentially a delivery system that allows drugs and vitamins to get into the bloodstream quicker, while making them taste and smell better at the same time
Cannabis leaf
November 19 2018
With the legalisation of recreational cannabis in Canada in October, and the US expected to follow suit, the company has its sights set on building up the very best in the industry
cannabis extract
January 16 2019
The Kelowna, BC-based cannabis company specializes in the research, development, production, and testing of high-quality cannabis extracts and oils
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use