4.75 expected soon. Swing trade time:b4 bg announcement The record date for distribution of the Warrants is anticipated to be late September, 2018. This plan does require approval by a 66.6% shareholder majority at a special meeting expected to take place in September 2018.
TGOD – which has about $300 million in cash lying around – is giving its shareholders an opportunity to invest in an internationally-focused cannabis company while leaving the core company servicing the burgeoning Canadian market.
In the future, TGOD Acquisitions will operate at arm’s length to TGOD with an independent board of directors and management team. This deal makes sense, and we will be voting for it.
On August 2, 2018 Crop Infrastructure (CROP.C) published news on its joint venture; 25-acre Xhemplar hemp farm in Italy.
The 25-acre property was planted less than 50 days ago, has now produced approximately 600,000 healthy hemp plants.
The plants are expected to be harvested in the next 20 days.
“We’re looking forward to CROP building out the extraction facility and unlocking the true value of the hemp plant,” stated, XHemplar Chairman Andrea Castiglione, “In 2019 we will look to increase the scale of our operations and asset base in Italy with CROP Infrastructure.”
The joint venture has erected three drying facilities in the preparation for saleable dried hemp biomass. The company has also identified multiple locations for an extraction facility.
The high CBD hemp will be sold as biomass or processed into CBD isolate for international markets. The joint venture’s products will be branded under XHemplar and CROP brands Tiffany CBD and Hempire Italia.
The CEO of XHemplar Giuseppe Castiglione is the former Vice President of Sicily. As an agricultural company, XHemplar enjoys substantially lower tax rates than companies in other Italian industries.
“CROPs portfolio of cannabis infrastructure assets now includes cultivation properties in California, Washington State, Nevada, Italy and Jamaica,” stated CROP Director & CEO Michael Yorke, “Management will continue to aggressively pursue new international opportunities and expand its portfolio of tenant growers and infrastructure assets in strategic jurisdiction