VANCOUVER, British Columbia, June 06, 2018 — CROP Infrastructure Corp.(CSE:CROP) (OTCMKTS:CRXPF) (“CROP” or the “Company”) is pleased to announce the company has entered into a licensing agreement for four established cannabis brands that are currently being sold in Washington and will be available in California shortly.
CROP will be sub-licensing these established brands to its tenant growers in California and Washington.
Furthermore CROP announces it has acquired 10 additional brands for license to its tenant growers as follows:
|PROHIBITION GREENS||ILLUMINATI CANNABIS||HONEY BADGER BUDS|
|PLAYERS GREENS||DIABLO HERBS||CHOICES CANNABIS|
|WHITE RHINO CANNABIS||GATOR GANJA||CHE CANNABIS|
CROP Infrastructure Director & CEO Michael Yorke states: “As the cannabis market grows and matures, consumers will choose brands that they trust to provide superior quality. Having unique and established brands that we will be able to license in Washington, California, other states, and globally will be another benefit that CROP will be able to provide to its tenant growers.”
Disclaimer for Forward-Looking Information
Certain statements in this press release related to the Offering, the securities issuable thereunder and the Transaction are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. In addition, marijuana remains a Schedule I drug under the United States Controlled Substances Act of 1970. Although Congress has prohibited the US Justice Department from spending federal funds to interfere with the implementation of state medical marijuana laws, this prohibition must be renewed each year to remain in effect. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations.. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the regulatory and legal framework regarding the cannabis industry in general among all levels of government and zoning; risks associated with applicable securities laws and stock exchange rules relating to the cannabis industry; risks associated with maintaining its interests in its various assets; the ability of the Company to finance operations and execute its business plan and other factors beyond the control of the Company. Such forward-looking statements should therefore be construed in light of such factors, and the Company is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
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