Mr. Michael Yorke reports
CROP INFRASTRUCTURE CLOSES PRIVATE PLACEMENT
Crop Infrastructure Corp. has closed the previously announced non-brokered private placement for gross proceeds of $1.61-million (see news release dated July 31, 2018) by issuance of an aggregate of 5,366,667 units. Each 30-cent unit consists of one common share of Crop and one common share purchase warrant where each whole warrant entitles the holder to purchase one additional common share at an exercise price of 50 cents per warrant share for a period of 24 months following the date of issuance.
The company paid no commissions in conjunction with the financing.
About Crop Infrastructure Corp.
Crop is engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors offering best-in-class operations. The company’s portfolio of projects includes facilities in California, two in Washington State, Nevada, Italy and now Jamaica.
We seek Safe Harbor.