Vert Infrastructure Ltd. (CRXPF)

[Adoni$74]

Something interesting you have all missed in the PR of the MYM deal that was recently released...


"Based on Elite’s previous success in cultivating 120 acres of similarly situated land in August 2018, the estimated production of hemp from the MYM parcel of land is 120,000 pounds per harvest with a CBD level of 10%-19%. This represents potential revenue of over $26 million, of which MYM is entitled to 50% less processing and sales fees."

https://cropcorp.com/crops-elite-parnters-with-mym-nutraceuticals-on-120-acres-of-nevada-hemp/



The harvest they are talking about is this one...

"...has commenced harvest on the 240 acres planted in July and August of this year.

All equipment sourced for the 2018 harvest has now arrived at the property with commercial drying equipment en route. Upon completion of harvest and drying the company will begin delivering dried product to its processing partner, an ISO compliant processor, with bi-weekly shipments of CBD Isolate expected back to the company. The Isolate will be sold under white label as well as the company’s brands Hempire and Tiffany CBD.

According to cannabis industry analysts the Brightfield Group, it is estimated the hemp-CBD market alone could hit $22-billion by 2022.

The company is now accepting offers from interested hemp-CBD flower off-takers for its 2019 harvest as all 2018 production will be used for the production of CBD isolate.

The two existing strains planted during the 2018 season with up to 19% CBD will be planted for 2019 along with three additional genetics with similar CBD concentrations. The farm will be planted and maintained to organic standards to ensure the hemp-CBD is to the specification of interested buyers."

https://www.globenewswire.com/news-release/2018/10/18/1623338/0/en/Fall-Harvest-Has-Commenced-at-CROP-s-CBD-Farm-in-Nevada.html



So if they are estimating an annual $26 million of revenues on a 120 parcel...

They cultivated a 240 acre parcel in August 2018.

Earnings on April 28th will shed some light on the matter.