Stupid cheap. Was buying down to 14 1/2 cents.
Crop Infrastructure Corp
Symbol C: CROP
Shares Issued 104,066,278
Close 2018-08-03 C$ 0.24
Crop acquires 50% net royalty on Air Chronic vaporizers
2018-08-07 11:53 ET - News Release
Mr. Michael Yorke reports
CROP HAS A 50% NET ROYALTY ON A AIR CHRONIC VAPORIZER LINE
Crop Infrastructure Corp. has acquired a 50-per-cent net royalty on the Air Chronic vaporizer line now available for preorder at the Air Chronic website.
Air Chronic vaporizers are a high-quality low-cost product that can be used with cannabis, tobacco and oils, and sell for $79.99 (U.S.). Crop will finance 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 compound annual growth rate of around 20.8 per cent over the next decade to reach approximately $61.4-billion (U.S.) 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 vapour or aerosol. To create this vapour 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 (tetrahydrocannabinol) 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 and chief executive officer Michael Yorke states: "Crop continues to diversify its portfolio of cannabis-related assets with the addition of this net 50-per-cent 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."
About Crop Infrastructure Corp.
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 U.S. and Italian distribution rights to a line of over 55 topical cannabis products from The Yield Growth Corp.
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