Crop’s Hempire Increasing Distribution Ownership in California – Yahoo Finance

VANCOUVER, British Columbia, July 10, 2019 (GLOBE NEWSWIRE) — CROP INFRASTRUCTURE CORP. (CSE:CROP) (OTC: CRXPF) (2FR.F) announced today that Hempire has increased its ownership of Flip Distro to 51% for $100,000 in capital expenditures and product marketing at the distribution company.

Increasing the ownership in Flip Distro, in concert with the recently announced acquisition of  the Cathedral City dispensary, lounge and California-wide delivery provisional licences, will empower the company to use Flip for a secondary fulfillment centre for delivery logistics.

CROP’s Humboldt Holdings has an option to acquire 100% of Hempire’s interest in Flip at any time it becomes legal and compliant to do so.

Furthermore, the company is currently reviewing multiple locations in Cathedral City for the Emerald Heights flagship store, necessary to perfect and transfer the provisional licences. The company also announces that it has applied for a retail licence in Contra Costa.

CROP CEO, Michael Yorke, stated: “CROP will be able to connect the Emerald Heights Southern California retail provisional licence with Flip Distro’s Northern California distribution license to create a secondary drop point for delivery drivers. CROP and its partners are working hard to create as much value through the supply chain as possible for shareholders.”

About CROP

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.

Company Contact

Michael Yorke – CEO and Director 

E-mail: [email protected] 

Website: www.cropcorp.com

Phone: (604) 484-4206

Disclaimer for Forward-Looking Information

Certain statements in this press release are forward-looking statements are not based on historical

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