Proactive Investors - Run By Investors For Investors

Crop says cannabis business application for San Bernardino, California, reaches final stage

The Vancouver-based company said its executives will attend a special meeting of the mayor and city council to make a three-minute presentation followed by a question-and-answer session
Marijuana leaves in a cup of liquid
The cannabis dispensaries will operate under the brand Emerald Heights

Crop Infrastructure Corp (OTCMKTS:CRXPF) (CNSX:CROP) announced Tuesday that it has received confirmation that its San Bernardino, California, retail cannabis business application has reached the final phase.

The Vancouver-based company said in a statement that its executives will attend a special meeting of the mayor and city council to make a three-minute presentation followed by a question-and-answer session.

READ: Crop Infrastructure announces up to C$4M convertible debenture offering by the cannabis company

As announced on July 5, Crop agreed to finance the purchase of real estate upon the granting of a California dispensary license. Its proposed dispensaries will operate under the brand Emerald Heights.

“Crop has high expectations for Emerald Heights at this location,” CEO Michael Yorke said. “The team has done its market and location research very well and is now in the final phase of the application process in San Bernardino.”

Shares of the company traded at C$0.32 in Tuesday’s Canadian trading. They fetched US$0.25 on the OTC Markets.

Crop’s projects include operations in California, Washington State and Nevada.

Last week, the company announced its plan to raise as much as C$4 million in a senior secured convertible debenture offering.

Contact Dennis Fitzgerald at [email protected]

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full CROP profile View Profile

Crop Infrastructure Corp. Timeline

Related Articles

The R&D programme is intended to address the increasing prevalence of obesity and diabetes using smart siRNA
October 30 2018
The health sciences company noted that the plan was formulated at a recently held two-day intensive workshop which together leading scientific teams from the QIMR Berghofer Medical Research Institute in Brisbane and Murdoch University in Perth
November 02 2018
Back Home Medical Cannabis Corp has agreed on a 24,000-kilogram three-year production and supply agreement
November 13 2018
Ascent, viaThirty Eight Hemp Corp, will exploit the hemp market via its strategic relationship with AgTech Scientific

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use