Cannabis Companies Expanding Global Grow Operations in Lieu of Skyrocketing Consumer Demand

PALM BEACH, Florida, July 11, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

Demand for legal cannabis is growing at unprecedented rates as the industry continues to develop into an economic powerhouse across the Globe. According to data from Anderson Economic Group, demand for cannabis in the United States alone has risen by 25% since 2015. Last year, the industry raked in roughly $9 billion in sales in the US according to BDS Analytics. This rapidly rising demand is creating a need for expanded operations to keep up with the needed output and leaders in turn are investing infrastructure and buying land for additional operations locations here in North America as well as Major Global locations. Active cannabis stocks in the markets today include: CROP Infrastructure Corp. (CSE:CROP) (OTC:CRXPF), Aurora Cannabis Inc. (TSX:ACB) (OTC:ACBFF), Canopy Growth Corporation (NYSE:CGC) (TSX:WEED), Mym Nutraceuticals Inc. (OTC:MYMMF) (CSE:MYM), Neptune Technologies & Bioressource Inc. (NASDAQ:NEPT) (TSX:NEPT), Aphria Inc. (OTC:APHQF) (TSX:APH).

CROP Infrastructure Corp. (CSE:CROP) (OTCPK:CRXPF)) BREAKING NEWS: CROP Infrastructure announces its 30% owned Italy Joint Venture partner "XHemplar Italia" has planted 25 acres or 1,089,000 square feet of high CBD "Cannabis Light" in North Eastern Italy. This represents over a 100% increase on the previously announced capacity announced in press release dated June 27th 2018.

The Joint Venture's resulting high CBD "Cannabis Light" will be processed and sold into international CBD markets under white label, the venture's house name XHemplar and Crop brands Tiffany CBD and Hempire Italia. The company will also use the production to infuse its recently announced therapeutic and cosmetic product lines, licensed from The Yield Growth Corp., which transaction is now complete giving Crop exclusive rights in Italy to over 55 wellness products.

According to Arcview Market Research and its partner, BDS Analytics, government-subsidized health care spending (worldwide market at $1.3-trillion) is expected to make Europe among the fastest growing and largest medical cannabis markets in the world. Arcview expects Italy to be the second largest cannabis market in Europe by 2027 with $1.2 billion in sales.

CROP Infrastructure Director & CEO Michael Yorke states: "The company is extremely encouraged by the fast pace with which the team at XHemplar has commenced production in Italy. CROPs portfolio of cannabis infrastructure assets now includes cultivation properties in California, Washington State, Nevada, Italy and joint ventures on West Hollywood and San Bernardino dispensary applications. CROP has developed a portfolio of 15 Cannabis brands and also has US and Italian distribution rights to a line of over 55 cannabis topical products. Read this full announcement and more news for CROP Infrastructure at: http://www.marketnewsupdates.com/news/crop.html