CROP Infrastructure’s hemp farm strikes toll processing deal to produce CBD isolate as it readies for harvest

Marijuana industry investor Crop Infrastructure Corp (CSE:CROP; OTCMKTS:CRXPF) signed a toll processing deal Wednesday to provide its dried hemp-CBD biomass to a processor who will then provide 50% of the finished product as ISO certified CBD isolate, which is pure cannabidiol to CROP’s tenanted farm.

The CBD isolate will be sold under the company’s brands Hempire, Tiff CBD, and infused in its new line of cannabis-infused drinks called ‘CannaDrink’.

CROP will also be working with the toll processor to develop its own ISO extraction facility for its production which has expanded to over 1,800 acres.

Crop said its tenant, at its Nye county hemp CBD farm in Nevada, was getting ready for the imminent harvest.

“Being in a position to have CBD isolate from the 2018 harvest will enable the company to begin infusing products like the CannaDrink beverage line and begin developing relationships with bulk buyers in preparation for 2019,” said Crop Infrastructure CEO Michael Yorke.

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“Even with a toll cost, upgrading CBD biomass to isolate should significantly increase the value of our tenant harvest. This new strategic alliance opens up additional mutually beneficial opportunities, specifically those in developing our own extraction facilities, both in the US and Europe, which will be necessary to maximize the potential of our portfolio’s ongoing hemp CBD and cannabis THC production,” added Yorke.

Due to its non-psychoactive healing properties, cannabidiol (CBD) has become a very popular option for patients seeking a natural alternative to treat conditions such as chronic pain, anxiety, and epilepsy.

According to cannabis industry analysts, the Brightfield Group, the hemp CBD market alone could hit US$22 billion by 2022.

CROP has six farms in three countries, 16 brands, four farms harvesting or near harvest, two under construction, two dispensary apps, and 55 topicals licenced. The infrastructure company’s projects include cultivation properties in California, Washington State, Nevada, Italy, Jamaica, and a joint venture on West Hollywood and San Bernardino dispensary applications.

Contact Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive 

Story by ProactiveInvestors