Global Cannabis Market is a Budding Industry That's Just Getting Stronger

PALM BEACH, Florida, September 7, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

Dually listed U.S. and Canadian cannabis companies rallied this week as analysts cheered the latest link-ups in the sector and remained bullish on a market expected to grow quickly once Canada fully legalizes the substance on Oct. 17. Many are expecting Canada-based cannabis stocks to follow trends seen in the U.S. states where recreational cannabis has been legalized, where strong demand for cannabis products and oils are only growing. All eyes are on Canada as it prepares to legalize recreational marijuana in October, becoming only the second country to do so after Uruguay. Meanwhile Americans continue to change their minds about marijuana. In less than a generation, public opinion has turned sharply away from prohibition and penalties in favor of legalization which is expected to only push the industry to levels in the future. Active cannabis stocks in the markets today include: CROP Infrastructure Corp. (CSE:CROP) (OTC:CRXPF), MedMen Enterprises Inc. (CSE:MMEN) (OTC:MMNFF), Aphria Inc. (OTC:APHQF) (TSX:APH), Liberty Health Sciences Inc. (CSE:LHS) (OTC:LHSIF), Canopy Growth Corporation (TSX:WEED) (NYSE:CGC)

CROP Infrastructure Corp. (CSE:CROP) (OTCPK:CRXPF)) BREAKING NEWS: CROP Infrastructure announced today that it has completed the member interest purchase agreement with Elite Ventures LLC, of Nevada, to acquire a 49% member interest in the Nye County agricultural property. The company has agreed to pay $1,350,000 USD in cash and has currently loaned $1,697,148 USD for the property and equipment expenses, with no more than $200,000 in additional expenses expected for this first harvest.

The Nye County agricultural property is in central Nevada and was selected for its temperate climate which is ideal for greenhouse and outdoor growing. The property totals over 315 acres and includes 300 acres of private water rights, with 240 acres under automatic irrigation pivots that also have automatic fertilizer injection systems installed.

The previously announced 240 acres of CBD Hemp has been planted and is currently 2.5-3 feet tall and growing under pivot with the resulting harvest expected within 45 days. A recent plant count suggests 3,000 healthy plants per acre or 720,000 plants under pivot. All harvesting equipment has been secured for the resulting hemp biomass. The cost of production was not expected to exceed $700,000, with $350,000 incurred to date, and no more than $200,000 in additional costs expected to prepare our tenant for this harvest.