Breaking News: CROP Receives Water Permits and Nears Completion of Its Second Washington Greenhouse Project: “The Dozen”

CROP Infrastructure Corp. (OTC: CRXPF) (CSE: CROP) announces that it has received the final water permits for its “The Dozen” cannabis greenhouse facility in Washington State.

Phase one of construction, consisting of site preparation and foundations for twelve (12) purpose-built indoor agricultural canopies encompassing a planned total area of ~44,000 square feet is nearing completion. The first six (6) greenhouse structures are under construction with completion anticipated shortly. Each phase of completion will be leased to licensed tenant growers along with brand licensing and Standard Operating Procedures (SOPs).

Completion of the first six greenhouses is expected to cost no more than $200,000 USD and is not expected to take more than 45 days. The first six greenhouses are designed to yield tenants 12,000 pounds per year with an additional 25% in by-product. The Dozen currently benefits from a regional electricity rate of $0.02/kWh USD and based on internal calculations provided by the Company’s expert consulting partner, should result in tenant cost of production of less than $150.00 USD per lb. ($0.33 per gram) should the tenants adhere to CROP’s suggested Standard Operating Procedures.

CROP Infrastructure Director and CEO, Michael Yorke, stated: “CROP has now received the necessary water permits and can now complete construction on the company’s second Washington State facility, “The Dozen”. All five of our facilities are nearing completion or are expecting tenant harvests in Q3 and Q4 of 2018. CROP has made significant progress in a short time period developing its portfolio of purpose built real estate and branding IP.”

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