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Crop Infrastructure Corp.

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]

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