CROP Has a 50% Net Royalty on “Air Chronic” Vaporizer Line
VANCOUVER, British Columbia, Aug. 07, 2018 — CROP Infrastructure Corp.(CSE:CROP) (OTCMKTS:CRXPF) (“CROP” or the “Company”) is pleased to announce a 50% net royalty on the Air Chronic Vaporizer line now available for pre-order at www.AIRChronic.com
Air Chronic Vaporizers are a high quality low cost product that can be used with cannabis, tobacco and oils and sell for $79.99 USD. CROP will fund and assist Air Chronic with a social media marketing campaign targeting influencers in the cannabis space in order to gain brand awareness for the line.
A 2017 global e-cigarette and vaporizer market analysis and trends report states that the market is poised to grow at a CAGR of around 20.8% over the next decade to reach approximately USD $61.4 billion by 2025. Some of the prominent trends that the market is witnessing include the combination of E-cigarette/Vapes and cannabis as well as improvements in device technology and product innovation.1
“Vaping” is short for “vaporization” and refers to a method of cannabis consumption in which the user inhales cannabis “vapor” or aerosol. To create this vapor the active compounds in cannabis are heated at low temperatures. Unlike with smoking cannabis, no combustion or burning takes place at these lower temperatures so there is no smoke; “the cannabis vaporizer appears to be an ideal harm-reduction approach to safer use,” researchers concluded in 2015. Another recent study concluded cannabis heated to 200°C vaporized THC without creating several carcinogens associated with combustion, including benzene, toluene and naphthalene. Some cannabis users prefer vaping over smoking because it involves less side effects and risks for the respiratory system.2
CROP Infrastructure Director & CEO Michael Yorke states: “CROP continues to diversify its portfolio of cannabis related assets with the addition of this net 50% royalty on the Air Chronic Vaporizer line. Vaping is an increasing trend amongst cannabis users due to its ease of use and number of benefits compared to traditional consumption methods. We are excited by the initial social interest in Air Chronic Vapes and are pleased to offer this quality product at an extremely competitive price compared to similar models.”
Please visit www.airchronic.com to pre-order and follow the company at instagram.com/air.chronic.
CROP Infrastructure Corp. is publicly listed on the Canadian Securities Exchange and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is primarily 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 cultivation properties in California, Washington State, Nevada, Italy, Jamaica and a joint venture on West Hollywood and San Bernardino dispensary applications. CROP has developed a portfolio of 15 Cannabis brands and has US and Italian distribution rights to a line of over 55 topical cannabis products from The Yield Growth Corp.
Michael Yorke – CEO & Director
Phone: (604) 484-4206
Disclaimer for Forward-Looking Information
Certain statements in this press release related to the Offering, the securities issuable thereunder and the Transaction are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the proceeds to be raised pursuant to the Offering, availability of exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 and the expected uses of the funds advanced under the Loan by CROP Jamaica. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Company’s ability to complete the Offering and the uses of the funds advanced under the Loan by CROP Jamaica, including the risk that the Offering may not be completed as expected or at all, that the proceeds of the Offering may be used other than as set out in this news release, that the funds advanced under the Loan by CROP Jamaica may be used other than as set out in this news release and other factors beyond the control of the Company. Such forward-looking statements should therefore be construed in light of such factors, and the Company is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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