Vert Infrastructure Ltd. (CRXPF)

[JohnCM]

CROP ADVANCES ITS SAN BERNARDINO DISPENSARY APPLICATION AND
INCREASES OWNERSHIP IN CALIFORNIA FARM

August 15th, 2018

CROP Infrastructure Corp. announces it has received confirmation
that its San Bernardino dispensary application has passed stage one of the application review process. As
previously announced on July 5th 2018, CROP has agreed to finance the purchase of real estate on the
granting of a California dispensary license. The proposed dispensaries will operate under the
brand, “Emerald Heights”.

Furthermore, the Company is pleased to announce it has increased its ownership from 30% to 49% for its
“Emerald Triangle” cannabis production facility tenanted by “Hempire” in Humboldt California. This
30,000 square foot production facility sits on approximately nine acres and consists of a 10,000 square foot
medicinal cannabis greenhouse facility and an additional 20,000 square feet of recreational licensed canopy.

As previously announced on August 9th 2018, harvesting at the Humboldt operation recently began at the
first of five 2,000 square foot greenhouses and is expected to continue at a rate of one greenhouse per week.
As each greenhouse is harvested new starter plants will populate the canopy space. Once the 10,000 square
feet of plants have been taken down, the additional 20,000 square feet of canopy will then be harvested.

CROP Infrastructure Director & CEO Michael Yorke states: “This is an exciting time for CROP as our
tenant begins its first harvest in California which makes this an ideal time to increase our ownership in the
project from 30% to 49%. Our Humboldt facility is located in one of the most important cannabis
jurisdictions in the US and potentially the world known as the Emerald Triangle.

With the advancement of
our dispensary application we are now moving towards assisting tenants in becoming fully vertically
integrated in the State of California.”

The Company will purchase the additional 20% of Humboldt for total consideration of $1.0 Million CAD
by issuing 5,000,000 shares at a deemed price of $0.20 per share; 100% of these shares will be escrowed
for 12 months, with 25% becoming free trading every 3 months thereafter.

About Humboldt Holdings LLC
Located in Humboldt County, California the property is 8.46 acres and currently houses a 10,000 square
foot greenhouse as well as a barn, garage and residence. On site are five 5,000-gallon water tanks, a well
and pump house and a 30 x 60 ft. drying shed. The property is zoned for a 10,000 square foot medical and
a 20,000 square foot recreational cannabis license.
https://cropcorp.com/property/california/

About CROP

CROP Infrastructure Corp. is publicly listed on the Canadian Securities Exchange and trades under the
symbol “CROP” and in the US under the symbol “CRXPF”. 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

6F – 535 Howe Street
Vancouver, BC, Canada, V6C 2Z4
[phone]

[e-mail]
www.cropcorp.com

applications. CROP has developed a portfolio of 15 Cannabis brands and has US and Italian distribution
rights to a line of over 55 topical cannabis products from The Yield Growth Corp