Crop Infrastructure Corp.

(CSE:CROP.CN) (OTCPK:CRXPF)

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CROP DEVELOPS GENETICS AND MICROPROPAGATION LABORATORY IN NEVADA TO GROW 10,000,000 HEMP CBD STARTS FOR THE 2019 SEASON

VANCOUVER, BRITISH COLUMBIA – January7th, 2019 – CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) announced today its 49% owned subsidiary Elite Ventures is nearing completion of a 1,600 square foot genetics, tissue culturing and micropropagation laboratory at the company’s Nevada Farms. The objective of the team and the lab will be to provide 10,000,000 plant starts for the company’s 2,115 acres of CBD farms. By propagating in the lab, the company will save approximately $3.0 Million in seed and planting costs for the 2019 season.

 

The laboratory team’s objective, beyond saving on planting costs, is the mandate of developing proprietary genetics to maximize yield and provide the company a Global edge with specific attentions paid to the over 100 other photocannabinoids beginning with cannabinol (CBN) and cannabigerol (CBG).

 

Cannabis industry analysts, The Brightfield Group, estimate the hemp-CBD market alone could reach $22-billion by 2022.

 

CROP CEO, Michael Yorke, stated: “The development of this genetics and micropropagation lab is further demonstration of our team’s dedication to keeping our genetics portfolio and brands at the fore front of this industry. Teams worked steadily through the later part of the year and Holiday season on the construction and development of this lab which will save the company and our stakeholders a significant amount in 2019 and beyond.”

 

About CROP

Crop is publicly listed on the CSE and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is focused on cannabis branding and real estate assets. The Company’s portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada Cannabis farm, 2,115 acres of CBD farms, extraction in Nevada and joint ventures on a San Bernardino dispensary app with international focuses in Jamaica and Italy.

 

CROP has developed a portfolio of assets including Canna Drink, a cannabis infused functional beverage line, US and Italian distribution rights to over 55 cannabis topical products and a portfolio of 16 Cannabis brands. CROP’s infrastructure has over 150,000 sq ft of built canopy and over 2,900 acres of real estate.

 

Company Contact

Michael Yorke – CEO and Director

E-mail: info@cropcorp.com

Website: www.cropcorp.com

Phone: (604) 484-4206

 

Disclaimer for Forward-Looking Information

Certain statements in this press release are forward-looking statements and 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. Forward-looking statements in this news release include statements regarding the expected returns from the Nevada Project; the technological effects of Nevada Project; the intention to expand its portfolio; and execute on its business plan. 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.

 

The CSE has not reviewed, approved or disapproved the content of this press release.

Source:  CROP INFRASTRUCTURE CORP.

CROP’S ITALIAN GREENHOUSE READY FOR THE 2019 GROWING SEASON

December 13th, 2018 – VANCOUVER, BRITISH COLUMBIA – CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) (the “Company”) announced today its large Italian CBD greenhouse facility has been upgraded and is ready for the start of the 2019 growing season.

 

The joint venture facility, which covers 87,120 square feet and is co-owned through XHemplar S.R.L, now has a perimeter security fence being erected as well as and a comprehensive CCTV security system that is expected to be completed imminently.

 

CROP and XHemplar are currently working with Italian agencies to import new and unique, high CBD genetics to populate its upgraded facility that are expected to command premium prices.  Discussions are also continuing with an Italy-based pharmaceutical company to secure off-take agreements for the 2019 harvests.

 

In addition, CROP and XHemplar have identified six potential retail locations throughout Italy and are in negotiations to open two of the retail locations shortly. It is also planned to build a state-of-the-art extraction facility that would add significant value by allowing for in-house processing of hemp biomass.

 

CROP Infrastructure CEO, Michael Yorke, stated: “Italy is our bridgehead into Europe. Our Italian partners are making significant progress on multiple fronts to ensure that the European operations are running at full capacity to take full advantage of the rapidly growing demand there.

 

“Our unique, high CBD strains, will position CROP as a low-cost and high-quality pure CBD provider, both domestically in North America, and throughout the European market. The joint venture’s CBD products will be branded under the XHemplar and CROP brands Tiffany CBD and Hempire Italia.”

 

Cannabis industry analysts, The Brightfield Group, estimates the hemp-CBD market alone could hit $22 billion by 2022.

 

About CROP

Crop is publicly listed on the CSE and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is focused on cannabis branding and real estate assets. The Company’s portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada Cannabis farm, 2,115 acres of CBD farms, extraction in Nevada and joint ventures on West Hollywood and San Bernardino dispensary apps with international focuses in Jamaica and Italy.

 

CROP has developed a portfolio of assets including Canna Drink, a cannabis infused functional beverage line, US and Italian distribution rights to over 55 cannabis topical products and a portfolio of 16 Cannabis brands. CROP’s infrastructure has over 150,000 sq ft of built canopy and over 2,900 acres of real estate.

 

Company Contact

Michael Yorke – CEO and Director
E-mail: info@cropcorp.com 
Website: www.cropcorp.com
Phone: (604) 484-4206

 

Disclaimer for Forward-Looking Information

Certain statements in this press release are 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. Forward-looking statements in this news release include statements regarding the expected returns from the Italy Project; the technological effects of Italy Project; the intention to expand its portfolio; and execute on its business plan. 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.

 

The CSE has not reviewed, approved or disapproved the content of this press release.

 

Source:  CROP INFRASTRUCTURE CORP.

CROP FARM SIGNS CALIFORNIA PROCESSING AND RETAIL DISTRIBUTION DEALS

November 29th, 2018 – VANCOUVER, BRITISH COLUMBIA – CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) announced today it has signed a toll processing agreement with a manufacturing company that will produce oils, crumbles and distillates for sale in to the California market.

 

The raw material will be finished cannabis from CROP’s Humboldt County farm where the cannabis is awaiting sale, being trimmed or drying. The farm is currently flowering 10,000 sqft of canopy for a late stage harvest and is working on the permitting for its 2019 expansion including a proposed 30,000 sq ft automated greenhouse facility.

 

In addition, a distribution agreement is now in place for the cannabis which will be sold under the company’s Hempire brand for estimated gross revenue of approximately $1,600 per pound of flower. The farm has allocated 750lbs of inventory to be sold under the Hempire brand.

 

The distributor has offices in Oakland and Orange County. Their distribution network consists of approximately 350 licensed |cannabis stores across California.

 

CROP CEO, Michael Yorke, stated: “Progress is continuing on becoming fully vertically integrated with self-serving Emerald Heights retail application. Processing and distribution are key agreements in getting our product onto hundreds of potential retail shelves. CROP’s core goal is maximizing its return on investment from tenant 2018 production, while preparing and building relationships for an exciting 2019.”

 

About CROP

 

Crop is publicly listed on the CSE and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is focused on cannabis branding and real estate assets. The Company’s portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada Cannabis farm, 1,865 acres of CBD farms, extraction in Nevada and joint ventures on West Hollywood and San Bernardino dispensary apps with international focuses in Jamaica and Italy.

 

CROP has developed a portfolio of assets including Canna Drink, a cannabis infused functional beverage line, US and Italian distribution rights to over 55 cannabis topical products and a portfolio of 16 Cannabis brands. CROP’s infrastructure has over 150,000 sq ft of built canopy and over 2,900 acres of real estate.

 

Company Contact

Michael Yorke – CEO and Director

E-mail: info@cropcorp.com

Website: www.cropcorp.com

Phone: (604) 484-4206

 

Disclaimer for Forward-Looking Information

Certain statements in this press release are 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. Forward-looking statements in this news release include statements regarding the expected returns from the California Project; the technological effects of California Project; the intention to expand its portfolio; and execute on its business plan. 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.

 

The CSE has not reviewed, approved or disapproved the content of this press release.

 

CROP WORKING ‘RAPIDLY’ TO VERTICALLY INTEGRATE CALIFORNIA PRODUCTION, EXTRACTION, DISTRIBUTION AND RETAIL

November 7th, 2018 – VANCOUVER, BRITISH COLUMBIA – CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) announced today that it is working towards complete vertical integration in California. Processing continues unchecked at Humboldt Farm and new automation equipment has arrived to increase efficiencies and continually increase return on investment (ROI) of finished inventory.

 

Additionally, CROP’s Emerald Heights retail brand has just completed the stage three interview process with the City of San Bernardino which is a major hurdle before the final licensing review to open its first California retail location. CROP is currently going through the process of opening two Emerald Heights locations in Italy, one in Nevada and one at the aforementioned location in California.

 

The company’s tenant is currently accepting and reviewing bids from distributors to represent the company’s production under its Hempire, Evolution and White Rhino brands. The tenant has also applied for its own distribution license to represent its own production and the production of other complimentary producers in the region which will result in another license in the growing portfolio of tenant licensees.

 

CROP has also been notified that the tenants are preparing an extraction license application for Humboldt Farm which will maximize the ROI and broaden the range of Stock Keeping Units (‘SKUs’) available to retail locations.

 

CROP has submitted its building plans to the Humboldt County Building and Planning Department to increase the production of the California facility at a cost of $1,000,000 of which $250,000  has already been spent. The increased production will result in an additional ~12,000 pounds of high-quality cannabis and 3,000 pounds of secondary material per year.

 

CROP Infrastructure CEO, Michael Yorke, stated: “The significance of fully vertically integrating cannot be understated and we are working towards that end as rapidly as is practicable. As with CROP’s worldwide tenant strategy, production is always focused on high quality at low cost. With extraction and retail verticals now in process, the opportunity to maximize ROI on a significant scale presents the opportunity to control CROP’s tenant destiny and maximize future profits.”

 

About CROP

Crop Infrastructure Corp. is publicly listed on the Canadian Securities Exchange and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is primarily engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors offering best-in-class operations. The Company’s portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada Cannabis farm, an 1,865 acre CBD farm, extraction in Nevada with international focuses in Jamaica and Italy and a joint venture on West Hollywood and San Bernardino dispensary applications.

 

CROP has developed a portfolio of assets including Canna Drink, a cannabis infused functional beverage, US and Italian distribution rights to over 55 cannabis topical products and a portfolio of 16 Cannabis brands.

 

Company Contact

Michael Yorke – CEO and Director

E-mail: info@cropcorp.com

Website: www.cropcorp.com

Phone: (604) 484-4206

 

Disclaimer for Forward-Looking Information

Certain statements in this press release are 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. Forward-looking statements in this news release include statements regarding the expected yield from The California Property; the technological effects of The California Property on production; the intention to expand its portfolio; and execute on its business plan. 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.

 

The CSE has not reviewed, approved or disapproved the content of this press release.

 

SOURCE:  Crop Infrastructure Corp.

CROP TO INFUSE ITS “CANNADRINK” FUNCTIONAL BEVERAGE WITH NATURALLY SPLENDID’S HEMPOMEGA™

October 3rd 2018 – VANCOUVER, BRITISH COLUMBIA – CROP Infrastructure Corp. (CSE: CROP) (OTC: CRXPF)(Frankfurt: 2FR) (“CROP” or the “Company”)announces that further to its LOI with Naturally Splendid Enterprises (TSX-V: NSP)(OTCQB: NSPDF) (previously announced on August 14th 2018) CROP will utilize NSP’s proprietary HempOmega™ powder created from microencapsulated hemp seed oil in its “CannaDrink” functional beverage line currently being developed.

 

CannaDrink will now be available in all other jurisdictions containing HempOmega™ where CBD products are not yet approved. CROP’s new cannabis-infused line of soft drinks called CannaDrink will be a zero calorie, non-GMO, ketogenic-friendly line of soda pop, tea, and coffee variations.

 

HempOmega™ is a unique and proprietary homogenous powder created from microencapsulated hemp seed oil. It is a high-quality and sustainable omega fatty acid alternative ingredient. Due to its unique powder format, it solves the formulation challenge manufacturers face when trying to add oil to existing products and has proven to increase the bioavailability of omega fatty acids. The global carbonated soft drinks market is projected to reach USD 605.6 Billion by 2025, according to a March 2018 report by Grand View Research, Inc.

 

In addition to its CannaDrink beverage line, CROP is working with Naturally Splendid to develop a “Hempire” branded Hulled Hemp Seed and Protein Powder product line. CROP and Naturally Splendid are currently testing a variety of flavors and formulations created by NSP specifically for the Hempire Brand that will be enhanced with NSP’s HempOmega™.

 

Naturally Splendid CEO Mr. Douglas Mason states, “We are pleased to be working with CROP to create quality, white-labelled hemp products for the Hempire brand as well as providing our proprietary HempOmega™ ingredient for CROP’s innovative CannaDrink functional soft drink line. CannaDrink is formulated to deliver superior omega nutrition, by utilizing Naturally Splendid’s proprietary HempOmega™ it provides ‘first mover advantage’ for Naturally Splendid and CROP to formulate cannabis formulated beverages and edibles as HempOmega™ has been approved for product fortification without the concern or restrictions of cannabinoid formulated beverages and edibles

 

Michael Yorke, CEO and Director of CROP Infrastructure states: “We believe in the nutritional spectrum and health benefits of both hemp and CBD so adding a consumer goods vertical was a logical progression as consumer data shows strong trends in plant-based foods and nutritional products. We see it as a tremendous opportunity for CROP Infrastructure’s branding & IP portfolio.”

 

About CROP

 

Crop has a portfolio of cannabis projects including cultivation properties in California, two in Washington State, two in Nevada consisting of 2,800 acres including extraction, 3 dispensary applications, with international focuses in Jamaica and Italy. CROP has developed a portfolio of assets including Canna Drink with US and Italian distribution rights to over 55 topical products and a portfolio of 16 Cannabis brands.

 

Company Contact

Michael Yorke – CEO & Director

E-mail: info@cropcorp.com

Website: www.cropcorp.com

Phone: (1) 604-484-4206

 

Disclaimer for Forward-Looking Information

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. Forward-looking statements in this news release include statements regarding CannaDrink; the technological effects of CannaDrink; the intention to expand its portfolio; and execute on its business plan. 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.

 

The CSE has not reviewed, approved or disapproved the content of this press release.

 

Source:  CROP Infrastructure Corp.

Crop Announces Major Expansion in Italy

VANCOUVER, British Columbia, Oct. 01, 2018- CROP INFRASTRUCTRE CORP. (CSE: CROP) (OTC: CRXPF)(Frankfurt: 2FR) announced today that it has leased a 87,120 square foot greenhouse facility in Italy through its joint venture with XHemplar.  Work has already begun on upgrading the site security which includes cameras and fencing.

 

In addition, CROP will be working with XHemplar to open two retail locations before the end of the year, as well as build a state-of-the-art extraction facility.

 

CROP Infrastructure CEO, Michael Yorke, stated: “This will allow for low-cost and high-quality pure CBD isolate and CBD products to be sold domestically as well as into the European CBD market. The joint venture’s CBD products will be branded under the XHemplar and CROP brands Tiffany CBD and Hempire Italia.

 

“This is a major increase in our European footprint. Not only will this expand our growing capacity and quality control, but, very importantly, the build-out of an extraction facility will allow CROP to provide European markets with quality CBD isolate.”

 

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

 

About CROP 
Crop Infrastructure Corp. is publicly listed on the Canadian Securities Exchange and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is primarily engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors offering best-in-class operations. The Company’s portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada Cannabis farm, a 1,865 acre CBD farm, extraction in Nevada with international focuses in Jamaica and Italy and a joint venture on West Hollywood and San Bernardino dispensary applications.

 

CROP has developed a portfolio of assets including Canna Drink, a cannabis infused functional beverage, US and Italian distribution rights to over 55 cannabis topical products and a portfolio of 16 Cannabis brands.

 

Company Contact
Michael Yorke – CEO & Director
E-mail: info@cropcorp.com
Website: www.cropcorp.com
Phone: (1) 604-484-4206

 

Disclaimer for Forward-Looking Information
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. Forward-looking statements in this news release include statements regarding the expected yield from The Italy Property; the technological effects of The Italy Property on production; the intention to expand its portfolio; and execute on its business plan. 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.

 

The CSE has not reviewed, approved or disapproved the content of this press release.

 

Source: CROP Infrastructure Corp.

Crop Secures THC License Portfolio at New 1,000 Acre Farm for Cultivation, Extraction, Commercial Kitchen and Retail

VANCOUVER, British Columbia, September 26, 2018 – CROP INFRASTRUCTRE CORP. (CSE: CROP) (OTC: CRXPF) announces that its subsidiary Elite Ventures Group LLC has signed a joint venture agreement with The Hempire LLC of Nevada (the “Tenant”) to purchase a 100% interest in an 1,000 acre Esmeralda County agricultural cannabis project tenanted with a suite of cannabis licenses including medical cultivation, medical production and with adult use recreational cultivation & production conditional licenses as well as an option to acquire a retail dispensary application assigned to a strategic location on highway 95 on route to Las Vegas. CROP has agreed to loan up to $4,250,000 USD over a period of the next 6 months to acquire 100% of the initial 10 acres of real estate and associated infrastructure with the additional 1,000 acres being paid for at a cost of $4,500,000 over a 20-year amortization period at 6% interest with a 3-year balloon payment. CROP will receive preferential payback on the project at a rate of 60% of the net profits from Elite.

 

Esmerelda County is one of the only jurisdictions in Nevada where climate and zoning allows for greenhouse or outdoor growing. This will be significant for our tenant growers and brand licensee to be able to provide high quality product on a large scale at the lowest cost possible, keeping with CROP’s strategy.

 

The initial set up costs of outdoor 80-acre operation will be approximately $1,200,000 and should yield tenants 160,000 pounds of outdoor cannabis for extraction and edibles and a 44,000 square foot light supplemented greenhouse facility at a cost of $2.0 Million. The greenhouse facility should yield tenants 24,000 pounds of high quality flower per year with an additional 25% for extraction and edibles. The project can be expanded up to 300 acres of combined greenhouse and outdoor cultivation.

 

RBC Capital Markets, an investment bank that’s part of Royal Bank of Canada, issued a memo to clients outlining the rapid growth of the U.S. marijuana sector. The memo, authored by Nik Modi, shows how cannabis sales in the U.S. are gaining ground on beer and wine sales. Projecting a compound annual growth rate (CAGR) of 17 percent, Modi estimates that the legal cannabis category could reach $47 billion in sales annually in the United States within the next decade, according to Business Insider.

 

The Esmeralda Property

 

  • 10 acres of land adjacent to Highway 95 outside of Tonopah
  • 10 acre-feet of ground water rights
  • Option to acquire 1,000 acres of contiguous property with water rights
  • 2,400 sqft production, extraction, commercial kitchen facilities with state approval
  • NV Energy Utility agreement for cultivation building and expansion to 12,000 sqft.
  • Equipment included: Building, main HVAC system, lighting, backup generator, sinks, and restroom fixtures.

 

CROP Infrastructure Director and CEO, Michael Yorke, stated: “CROP now has over 1,000 acres for THC Cannabis cultivation, extraction, commercial kitchen and 1,865 acres for HEMP CBD production in Nevada. Our ambition has always been to be early mover and establish our market footprint in any jurisdiction we invest in. Next year CROP plans on having the largest real estate foot print in the State of Nevada with tenanted operations in the fast-growing CBD & THC markets.”

 

About CROP

Crop Infrastructure Corp. is publicly listed on the Canadian Securities Exchange and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is primarily engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors offering best-in-class operations. The Company’s portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada Cannabis farm, a 1,865 CBD farm, extraction in Nevada with international focuses in Jamaica and Italy and a joint venture on West Hollywood and San Bernardino dispensary applications.  CROP has developed a portfolio of assets including Canna Drink, a cannabis infused functional beverage, US and Italian distribution rights to over 55 cannabis topical products and a portfolio of 16 Cannabis brands.

 

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. Forward-looking statements in this news release include statements regarding the expected yield from The Esmeralda Property; the technological effects of The Esmeralda Property on production; the intention to expand its portfolio; and execute on its business plan. 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.

 

The CSE has not reviewed, approved or disapproved the content of this press release.

 

Company Contact
Michael Yorke – CEO & Director
E-mail: info@cropcorp.com
Website: http://www.cropcorp.com
Phone: +1-(604)-484-4206

SOURCE CROP Infrastructure Corp.

CROP Boosts Nevada CBD Farm to 1,865 Acres

VANCOUVER, British Columbia, Sept. 24, 2018 — CROP Infrastructure Corp. (CSE: CROP) (OTC: CRXPF) announced today that its subsidiary, Elite Ventures Group LLC, has signed a 3-year lease agreement for 800 additional acres of turn key pivot-irrigated agricultural property. The lease cost will be $550 USD per acre in 2019 and $700 USD per acre 2020 forward, paid quarterly commencing in March 2019. The property is in close proximity to CROP’s existing 1,065-acre Hemp CBD Farm in Nye County Nevada.

 

The combined Nevada properties, including the original one of 315 acres, have a total pivoted area of 1,340 acres but will require the installation of additional pivots and water wheels at a cost of $300,000 USD. Seasonal fertilizer, planting and seed costs are not expected to exceed $600,000 USD. All harvesting and commercial drying equipment have been paid for during the 2018 season.

 

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

 

The two existing strains planted during the 2018 season with approximately 12-19% CBD will be planted for 2019 along with 3 additional genetics in the same range of CBD. The farm will be planted and maintained to be organic to ensure the end product is to the specification of interested buyers.

 

CROP CEO, Michael Yorke, stated: “CROP is preparing for the upcoming Hemp Farming Act of 2018 which would remove hemp’s controlled substance designation, thus legalizing the crop under federal law, and allowing CBD isolate to be sold across all 50 states and exported internationally. As we enter the next phase of project development in Nevada we look forward to building our GMP extraction facility and introducing our made in America CBD Isolate to infuse in to our recently announced CannaDrink beverages and licensed topical lines.”

 

Yorke concluded: “CROP has the largest real estate foot print in Nevada dedicated to hemp-CBD. Once the additional upgrades are completed, we anticipate that our tenant and brand licensee will have 1,340 acres under irrigation. With two crops expected annually in 2019 we foresee a harvest potential of approximately 2,680,000 lbs of CBD flower. We expect to comfortably use funds from our 2018 harvest (next 30-60 days) to organically grow into the projects new foot print.”

 

CROP Nevada Hemp Initiatives For 2019

 

  • Develop 300 acres additional pivots on newly leased land as per announced as per August 22, 2018
  • Planting of 1,340 acres of High CBD Hemp strains
  • Initial 1-ton per day processing capability GMP ISO 9000 extraction facility for pharmaceutical grade CBD

 

Hemp Farming Act of 2018

 

The Bill, supported by Senate Majority Leader Mitch McConnell, is awaiting congressional approval, which would replace the 2017 Farm Bill, which expires on September 30th. The full legalization of hemp would open the door for investment and provide access to a full range of financial, market development and advisory services that have been unavailable because of its classification as a controlled substance. These services would include small business loans (SBA’s), federal crop insurance, access to banking, USDA research.

 

About CROP 
Crop Infrastructure Corp. is publicly listed on the Canadian Securities Exchange and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is primarily engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors offering best-in-class operations. The Company’s portfolio of projects includes cultivation properties in California and Washington State, Nevada, Italy, Jamaica and a joint venture on West Hollywood and San Bernardino dispensary applications.  CROP has developed a portfolio of assets including Canna Drink a cannabis infused functional beverage, US and Italian distribution rights to over 55 cannabis topical products and a portfolio of 16 Cannabis brands.

 

Company Contact
Michael Yorke – CEO & Director
E-mail: info@cropcorp.com
Website: www.cropcorp.com
Phone: (604) 484-4206

 

Disclaimer for Forward-Looking Information
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”, “potential” ,“anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the expected yield from The Nye Property; the technological effects of The Nye Property on production; the intention to expand its portfolio; and execute on its business plan. 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.

 

The CSE has not reviewed, approved or disapproved the content of this press release.

 

Source: CROP Infrastructure Corp.

CROP'S California Harvest Continues With More Positive Test Results

VANCOUVER, British Columbia, September 21, 2018 – CROP Infrastructure Corp. (CSE: CROP) (OTC: CRXPF) (“CROP”) announced today its California tenant has received additional lab results from its first crop. The first sample of dried 707 OG cannabis flower was submitted to Humboldt Quality Assurance Laboratory for analysis on September 14, 2018. The Company has been informed that samples of Platinum OG Kush have been submitted for additional testing.

 

The 707 OB sample has received a Tetrahydrocannabolic Acid (‘THCA’) result of 23.9% and passed all tests for microbial impurities and detectable pesticides. THCA is not directly used, but its presence is commonly analyzed when cannabis or hemp-based products are screened for THC. State testing is still pending.

 

CROP Infrastructure Director and CEO, Michael Yorke, stated: “Following our CROP SAFE method and SOP’s, CROP is pleased to announce that our tenant has achieved a concentration of 23.9% THCa. 23.9% THCa commands a higher market value and is considered premium quality.”

 

About CROP

Crop Infrastructure Corp. is publicly listed on the Canadian Securities Exchange and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is primarily engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors offering best-in-class operations. The Company’s portfolio of projects includes cultivation properties in California and Washington State, Nevada, Italy, Jamaica and a joint venture on West Hollywood and San Bernardino dispensary applications.  CROP has developed a portfolio of assets including Canna Drink a cannabis infused functional beverage, US and Italian distribution rights to over 55 cannabis topical products and a portfolio of 16 Cannabis brands.

 

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. Forward-looking statements in this news release include statements regarding the expected yield from The Humboldt Property; the technological effects of The Humboldt Property on production; the intention to expand its portfolio; and execute on its business plan. 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.

 

The CSE has not reviewed, approved or disapproved the content of this press release.

 

Company Contact
Michael Yorke – CEO & Director
E-mail: info@cropcorp.com
Website: http://www.cropcorp.com
Phone: +1-(604)-484-4206

 

SOURCE CROP Infrastructure Corp.

About Crop Infrastructure Corp.

CROP Infrastructure Corp. (CSE: CROP / OTC: CRXPF) is an enterprise ideally positioned to aid the explosive growth of the cannabis crop production sector. Our focus aims to leverage strategic capital investment in land expansion opportunities; assist with key big ticket investments such as greenhouses, foundations, roads, advanced hydroponics, electrical distribution networks, and specialized lighting systems. We are also working to develop relationships with approved agricultural plant input partners for uniformly safe fertilizers, nutrients, herbicides and pesticides as part of a bulk distribution service and innovative GROWSAFE – CROPSAFE client certification program.

 

PROBLEM: Sources of traditional capital acquisition financing for a myriad of goods and services required by cannabis producers and processors is severely limited due to Federal regulations preventing mainstream lending institutions from participating in sector growth.

 

SOLUTION: CROP helps cannabis producers and processors to achieve growth and revenue targets by increasing accessibility, efficiency, scalability, and sustainability through affordable lease programs and reasonable fee-based management options.

 

In an environment where traditional financing is limited. CROP bridges the gap to build an industry.

We’re making history one farm at a time.

 

CROP Infrastructure Corp.  provides financing for land expansion, turnkey state-of-the-art greenhouse facilities, brand positioning opportunities, specialized equipment, and access to approved nutrients for select licensed cannabis producers in legal growing regions.

 

As an investment vehicle, modern greenhouse canopies offer the highest quality production environment at the lowest potential cost to growers. By providing modern canopies and related infrastructure, CROP aids cannabis producers to maintain a competitive edge in one of the most extraordinary opportunities of our generation.

 

CROP’s portfolio currently consists of 176,000 square feet covered or under construction, with an additional 134,000 square feet scheduled, and interests in over 325 acres of outdoor production, and has built the blueprint and framework for an continued expansion in 2018.

 

CROP has the team, vision, industry relationships, and access to financing to build and grow this innovative and exciting opportunity.

 

Management

 

Michael Yorke, CEO & Director

Mr. Yorke began his career in the financial sector with the Royal Bank of Canada in 2001. He subsequently served as an active trader and value investor for the last 14 years. He went on to provide consulting services to several publicly traded companies in addition to organizing capital market events with On-Page Media. Mr. Yorke is fluent in three languages and is has traveled extensively around the globe. He earned an International Business Diploma, Bachelor of Business Administration degree, and is currently completing his Masters of Business Administration degree through the British Columbia Institute of Technology.

 

Abbey Abdiye, CFO

Mr. Abdiye brings extensive experience in the financial sector with both public and private companies. He is a Chartered Professional Accountant (CPA), current CFO of Tower One Wireless Corp. and other reporting issuers, where he managed the responsibility for all financial, fiscal management, regulatory compliance, and reporting aspects of corporate operations. He also provides strategic guidance and direction in capital structuring and is engaged with innovative financing programs that leverage sales and development opportunities.

 

Andrea Castiglione, VP, Business Development EMEA

Mr. Castiglione brings a heavily quantitative background having developed financial trading algorithms from the age of sixteen for over a decade. With a broad experience in various sectors technology and service design, he has been a key advisor to several international family offices and investment funds. Mr. Castiglione is fluent in four languages and has successfully conducted business in several jurisdictions outside of North America.

 

Directors & Advisors

 

Christine Mah, Director

Ms. Mah brings 10 years direct experience working with reporting companies assisting with corporate management, systems integration, accounting procedures and administrative services. Her experience includes assisting companies within industry sectors such as communications, technology, and consumer goods. Ms. Mah offers relevant governance expertise from her audit committee experience and hands-on participation in the yearly audits of companies such as Evolving Gold Corp. Ms. Mah is an experienced professional with a Marketing Diploma from the British Columbia Institute of Technology.

 

Twila Jensen, Director

Ms. Jensen is a senior capital markets strategist with Stockhouse, Canada’s leading financial community and a global hub for affluent investors, with over one million unique monthly visitors. Ms. Jensen also acts as an independent director for two other TSX Venture Exchange-listed companies, Durango Resources Corp. and BTU Metals Corp. Ms. Jensen has more than 18 years of experience working in the capital markets in sales and marketing roles, as an independent director, and also as part of audit committees. She has worked with hundreds of public companies across North America in various sectors over the last two decades.

 

David Weinkauf, Executive Advisor

Throughout Mr. Weinkauf’s real-estate career he led and was involved in approximately $3.0 Billion in transactions while developing around 3,000 acres of real estate. Mr. Weinkauf was recognized as Calgary’s top 40 under 40 in 2004 and was nominated for Canada’s top 40 under 40 in 2006 after graduating from the University of Calgary in 1993, with a Bachelor of Commerce Degree focused on Marketing and Finance. David’s volunteer work has been extensive including sitting as a member of the board of directors of Children’s wish foundation of Alberta and the NWT and sitting on as the President of the advisory committee to Calgary Economic Development.

 

Greg Douglas, Executive Advisor

Mr. Douglas formally entered the Cannabis space in 2015 when he joined the Bureau of Standards (Jamaica) as Management Information Systems (MIS) Manager. Subsequently served as Project Coordinator for a proposed Medical Cannabis (Ganja) Track and Trace Pilot Project. This led to exposure to compliance mechanisms used in Colorado, touring state facilities which increased his understanding and appreciation of the industry while building relationships with Colorado’s compliance agency, along with local businesses. From April to November 2017 Greg was seconded to the Cannabis Licensing Authority (CLA) as their CEO. While there he became a part of local history by issuing the first commercial licenses. He was part of the CLA team that visited Canada meeting with both Canadian Government entities and officials. He resumed his duties at the Bureau of Standards in January 2018 and works on the creation of standards within the cannabis industry in Jamaica.

 

Overview

 

CROP brings capital to invest in land and equipment to increase income-producing cannabis producers (and processors) ability to achieve sector growth; by delivering funding accessibility, and by driving efficiency, scalability, and sustainability through affordable leasing programs and reasonable management fees.

 

CROP Infrastructure is structured similarly to a Real Estate Investment Trust (REIT): a company that owns, operates or finances income-producing real estate.

 

The company invests in income-producing property and agricultural equipment to service the growth of the cannabis crop industry. CROP leases it’s real estate and provides equipment/expertise in exchange for a management fee.

 

Infrastructure investment includes land preparation (i.e.: roadways, structural foundations); canopy structures and related service buildings (i.e.: industrial scale greenhouses, fertilizer storage, hydroponics management, product storage and transhipment facilities); plus access to irrigation equipment, specialized lighting and electrical services.

 

Owner/operators enter into a fixed period leasehold and management fee structure. Agreements include use of CROP branding and use of CROP “Safety Approval” rating system through access to preferred network of suppliers. GROW SAFE – CROP SAFE.

 

Services, Fees, Facilities & Equipment

 

  • CROP Infrastructure Corp. purchases real estate, which is leased to the licensed producer/processor.
  • Greenhouses and related equipment (and services) are provided in exchange for a management fee to CROP.
  • CROP offers access to secured investment capital dedicated to infrastructure investment.
  • Client grower/operators targeting an average of 12 greenhouses (approximately 1 acre) or more, are ideal.

 

Source:  https://cropcorp.com/

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