UPDATED REPORT.
Crop Infrastructure 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 and are currently trading hands at $0.60.
In short Crop Corp acquires property, builds mega-greenhouses and even provides agricultural equipment, all to offer to growers with a license to grow – a turn-key, fully operational facility, to get down to the business of growing with minimal up-front cost. Particularly in comparison to a grower going out on their own and attempting to do it from scratch.
CROP projects it’s tenant growers to harvest 30,645 grams (67.5 pounds) every day for every fully operational 43,680 sq/ft facility. 67 pounds may not sound like a lot if it were tomatoes or lettuce. But tomatoes and lettuce don’t sell for $1,300 a pound.
If it sounds a little bit like McDonald’s business model, it’s not too far off. In the US, the majority of McDonald’s Corporation revenues come from the rent, royalties, and fees paid by individuals who want to get into the restaurant business. Crop Corp wants to do the same thing, but for individuals wanting to get into the marijuana business.
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