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Crop acquires 49% interest in Nevada Farm

Jul. 06, 2018 10:33 AM ETVert Infrastructure Ltd. (CRXPF) StockCRXPFBy: Vandana Singh, SA News Editor3 Comments
  • Crop Infrastructure (OTCPK:CRXPF -5.9%) enters into a member interest purchase agreement with Elite Ventures, to acquire 49% interest in Nye County agricultural property in Neveda.
  • The company has agreed to pay $1.3M in cash, and has paid $600,000 to date.
  • CRXPF has also negotiated a contractor to clear 1 pivot of 120 acres and begin tilling the area at cost of $16.9M, and once clear the pivot will be planted with ~900,000 seeds of high CBD strain of hemp at a cost of $90,000.
  • Press Release

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