logo-loader
Crop Infrastructure Corp.

CROP Infrastructure continues to expand its retail presence in valuable California market

CROP's portfolio of projects includes cultivation properties in California, two in Washington State, and a 1,000-acre Nevada cannabis farm, 2,115 acres of hemp CBD farms

hands rolling joint
CROP shipped 330,000 pre-rolled cone sleeves with custom Hempire and Evolution filters

CROP Infrastructure Corp (CSE:CROP) (OTCMKTS:CRXPF) is expanding its California retail presence in an effort to capitalize on exponential cannabis sales in the state.

The cannabis branding company’s Esmerelda Heights retail brand has started two additional retail applications in Chula Vista and Contra Costa.

The Vancouver-based company also announced that it has shipped 330,000 pre-rolled cone sleeves with custom Hempire and Evolution filters.

READ: CROP brands now available in 40 retail locations across US Northwest

California’s market for pre-rolled cones is $5 wholesale and an MSRP of $10, while infused cones are priced at $12 wholesale and $18 MSRP, according to data provided by CROP.

"The sales growth trend is unabated across the board,” said Michael Yorke, CEO of CROP. “Clearly, the California market is potentially vast and, once the regulatory climate has the federal government on side, we expect sales predictions by market research firms to be sharply revised upwards and the prospect of cannabis business ending up being bigger than beer becoming much closer to a reality."

CROP's portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada cannabis farm, 2,115 acres of Hemp CBD farms, and a growing portfolio of common share equity in upcoming listings within the cannabis space.

Shares of CROP were up 3% to C$0.30 in Canada and were trading at US$0.22 in the US by Wednesday’s close.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Crop Infrastructure Corp.

Price: $0.12

Market: CSE
Market Cap: $19.02 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Crop Infrastructure Corp. named herein, including the promotion by the Company of Crop Infrastructure Corp. in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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