Crop Corp (CSE: CROP) Latest Entrant Into Cannabis Grower Market.
There are now at least 80 cannabis companies listed on Canadian exchanges whose combined market value has ballooned to more than C$20 billion ($15.9 billion), according to data compiled by Bloomberg. Canopy and four other growers — Aurora Cannabis Inc. (ACBFF) (ACBN.CN), Aphria Inc. (APHQF), MedReleaf Corp. (MEDFF), and Cronos Group Inc. (CRON) — are valued at more than C$1 billion.
Crop Infrastructure Corp (CROP.CN) has taken to a novel approach to the grower market and is easily one of the most interesting start-ups we have come across in the Cannabis industry. Utilizing a ‘Pick & Shovel’ strategy, reminiscent of the California Gold Rush strategy where instead of mining for Gold – many successful companies instead provided the miners with tools needed for Gold mining.
Crop Infrastructure Corp (‘Crop Corp’) started trading on 3/13/18 under the symbol CROP after the Canadian Securities Exchange (CSE) granted the final approval of the Company’s listing application in conjunction with its acquisition DV Infrastructure completed on March 2nd.
The shares received a welcome reception opening near $0.40 and closing at $0.50 up 38% for the day. ($CROP)