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Bullboard - Stock Discussion Forum Vert Infrastructure Ltd CRXPF

Vert Infrastructure Ltd is engaged in the business of branding, investing, constructing, owning and leasing infrastructure for specialty agricultural businesses.

GREY:CRXPF - Post Discussion

Vert Infrastructure Ltd > 500k lb/yr agreement
View:
Post by JesseB on Aug 20, 2019 9:15am

500k lb/yr agreement

I can't find anything about who the deal was made with? I believe 50,000 lb should be delivered this month, and continued on a bimonthly basis.
Comment by RidernationBra on Aug 20, 2019 9:58am
Hi Jesse, I hope this helps. This issue is CROP didn’t end up purchasing a 1T extractor, they went 10T. Unknown at this point whether the deal was canceled along with the 1T extractor. On October 23rd CROP announced a 500,000 pound annual (1,500,000 over 3 years) supply agreement with a commercial extraction technology company. The same company will be developing, and providing, extraction ...more  
Comment by JesseB on Aug 20, 2019 10:11am
Right on thanks man. I guess I missed that as I was scrolling through CROPs nnews page. It does seem to reconfirm shipments to begin Aug 2019.
Comment by JesseB on Aug 20, 2019 10:21am
Wait that's the news release for the 1T extractor. Where's the news, how do you know about the 10T?
Comment by RidernationBra on Aug 20, 2019 10:37am
The supply deal and the purchase of the 1T is linked. You asked who is the purchaser if the agreement and I provided it to you. Same company who is building a 1T. However, that deal is quashed (not sure about the supply agreement). Crop has purchased and finalized a 10T extractor. Nevada Extraction The company has been working with a PhD in Chemistry / Post-Doctorate in molecular pharmacology ...more  
Comment by RidernationBra on Aug 20, 2019 10:40am
.... or maybe they will run both the 1T and 10T. Its been quiet regarding explanations. Should be receiving news soon.
Comment by JesseB on Aug 20, 2019 9:25pm
Yeah thanks I was wondering who was the recipient for the 500k/yr. I read that other release but it says 10ton/8hr. I just assumed they still use the 1T extractor. I dont see and news about using a 10T.
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