viewVert Infrastructure Corp.

CROP Infrastructure's investment holding World Farms plans to go public on CSE

CROP currently owns 10 million shares in World Farms it purchased in February for $0.20 a share

pot farm
CROP's licensed recreational cannabis farm in Nevada is the largest in the US

CROP Infrastructure Corp (CES:CROP) (OTCMKTS:CRXPF) on Wednesday announced that its investment holding World Farms Corp plans to go public on the Canadian Securities Exchange. 

World Farms, a private company, has signed a letter of intent with Graphite Energy Corp (CSE:GRE) to go public via a reverse takeover, Vancouver-based CROP said in statement.

CROP currently owns 10 million shares in World Farms that it purchased in February for C$0.20 a share for a total of $2 million. CROP, which is focused on cannabis branding and real estate assets, divested its interest in Italian and Jamaican joint ventures in return for the World Farms stock.

READ: Crop Infrastructure establishes footprint in Oklahoma

World Farms also announced a $0.30 private placement in connection with its reverse take-over deal with Graphite Energy, a Vancouver-based mining company.

Vancouver-based World Farms builds portfolios of cannabis assets and has joint ventures in Italy, Croatia, South Africa, Uruguay and Jamaica.

CROP CEO Michael Yorke said his company will work closely with the sales team at World Farms “to assist them establishing customer relationships to ensure World’s successful launch into the CBD market and the public markets as a whole.”

READ: CROP Infrastructure closes largest transaction in its history with purchase of Nevada licenses and property

The World Farms news comes a day after CROP announced that it purchased a suite of recreational cannabis licenses and a 1,012-acre property in Nevada, giving it the largest licensed recreational cannabis farm in the US.

Shares to CROP increased 2.1% to US$0.21 on OTC markets and were sitting at C$0.29 in Canada.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Quick facts: Vert Infrastructure Corp.

Price: 0.025 CAD

Market: CSE
Market Cap: $286.65 k

Add related topics to MyProactive

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


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 Vert Infrastructure Corp. named herein, including the promotion by the Company of Vert Infrastructure Corp. in any Content on the Site, the...



Buds & Duds: Cannabis stocks flat as a pancake but CROP shares jump on first...

Cannabis stocks cruised into Friday flat as a pancake across North American markets. Buds today were CROP Infrastructure Corp (CSE:CROP) (OTCMKTS:CRXPF), True Leaf Brands Inc (CSE:MJ) (OTCMKTS:TRLFF), while the duds were TerrAscend Corp (CSE:TER) (OTCMKTS:TRSSF),...

on 08/23/2019

2 min read