Crop Infrastructure Corp. (OTCMKTS:CRXPF) is expanding its footprint within the state. The Vancouver-based company has plans to scale its production of the THC Oil to the level of 50 L. This will take place from one of its California subsidiaries. Finished cannabis from CROP’s Humboldt County farm will serve as the raw material. It comes in handy given that it is usually a trimmed, high – grade flower.
The company will put more focus on cones and pens having identified them as the best-selling SKUS. Meanwhile, the assumption is that the 50 liters of oil will fill 75,000 half gram cartridges and 50,000 quarter gram disposable pens.
CROP seems to have all systems set
The cannabis industry is busting with the competition. There are so much pressure thanks to the invasion by investors who have continued to put in millions of dollars’ worth of investment. Many states are doing a booming business with the cannabis and especially where the products are legal. One such place is Canada where the recreational marijuana prohibition is no longer in service after the passage of the Cannabis Act in June.
However, CROP seems to have all its systems in place. The company has distribution network accounting for 350 licensed cannabis stores. It has made a retail cannabis application, and if approved, the company will sell its Emerald Height’s brand in Chula Vista, California.
Michael Yorke, CROP CEO says that they are making significant strides into the expansion of the company’s brand portfolio. “Having wide distribution of a premium organic Infused Cone with over 100,000 branded units…set to be consumed in California…is a major step forward for our brand,” he quotes.
CDFA grants CROP the final approval for an additional canopy space
In line with the growth of CROPs portfolio of cannabis infrastructure assets, the company obtained approval for a new space. The additional space is of 20,000 sq/ft and will become part of the Humboldt California Campus. The campus is already housing 10,000 square feet of space with five 5,000-gallon water tanks.
As all this unfolds, CROP’s management will not stop pursuing new opportunities collaborations and the acquisition of non-exclusive rights of distribution.