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CROP Completes Genetics Lab & Issues Private Placement

Stockhouse Editorial
0 Comments| January 23, 2019

CROP Infrastructure Corp(CSE: CROPOTCQB: CRXPFForum)  on Wednesday provided an update for investors on its 40 acre (16 hectare) Nevada THC farm. Via its 49% owned subsidiary Elite Ventures, the Company has completed its 1,600 sq. ft. genetics, tissue culturing and micropropagation laboratory. The team and the lab will provide 10,000,000 plant starts for the company's 2,115 acres of CBD farms. The plan is to save roughly $3 million (CAD) in seed and planting costs for the 2019 season. CROP also announced a non-brokered private placement offering to raise up to $2 million (CAD).

More information on this can be found here.

The project was cleared earlier this month, ahead of planned construction on the operation’s security wall.

FULL DISCLOSURE: CROP Infrastructure Corp. is a client of Stockhouse Publishing.

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