Crop’s tenant receives cannabis licence in Oklahoma
“Oklahoma is a key part…of siting operations on prime land…”
CROP’S TENANT HEMPIRE RECEIVES CULTIVATION AND EXTRACTION LICENSE IN OKLAHOMA
Crop Infrastructure Corp.’s first Oklahoma farm’s tenant, Hempire Oklahoma, has been issued Medical Cannabis Cultivation and processing licenses at its 1 acre location in Purcell, Oklahoma where the company will focus on high grade flower and extraction. This is a separate location to the company’s 20-acre property that is currently being readied for tenant planting for the 2019 season.
Crop continues to review several existing retail locations to acquire, as well identifying new locations that would be suitable for retail that the company would prepare applications for potential licensed tenants. The company believes with its experience and organic Crop Safe methodology that it could disrupt the Oklahoma market by providing tenants with the means to produce lower cost, yet higher quality products.
Crop has agreed to finance up to $500,000 USD for the initial start-up of capital for the multiple cultivation and retail locations.
Crop CEO, Michael Yorke, stated: “Oklahoma is a key part of our overall strategy of siting operations on prime land in different, but suitable geographic locations within the US to introduce our tenants, brand portfolio and brand partners to new markets.”
Crop is publicly listed company trading under symbol Crop.CSE. The company is focused on cannabis branding and real estate assets. Crop’s portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada cannabis farm, 2,115 acres of Hemp CBD farms, and a growing portfolio of common share equity in upcoming listings within the cannabis space.
Crop has developed a portfolio of assets including Canna Drink, a cannabis infused functional beverage line and 16 Cannabis brands.
We seek Safe Harbor.