August 23, 2018 MJ Shareholders
August 23rd, 2018
News, Top News
VANCOUVER, British Columbia, Aug. 23, 2018 (GLOBE NEWSWIRE) — CROP Infrastructure Corp. (CSE: CROP) (OTCMKTS: CRXPF) (“CROP” or the “Company”) announced today the appointment of Greg Douglas to the Executive Advisory Board who will have a special focus on CROP’s Jamaica operations.
CROP Infrastructure CEO, Michael Yorke, stated, “Greg can be considered one of the foremost authorities on the Jamaican cannabis industry. He will be of considerable assistance to CROP as the business develops there.
“Greg has the invaluable ability to effectively interact with stakeholders from both the private and public sectors and his knowledge of the industry, both in the Caribbean and North America, is truly extensive and that will be of great benefit to CROP as it expands even further internationally.”
Greg Douglas formally entered the Cannabis space in 2015 when he joined the Bureau of Standards Jamaica as their Management Information Systems (MIS) Manager. Shortly after joining the Bureau he was named as the Project Coordinator for a proposed Medical Cannabis (Ganja) Track and Trace Pilot Project.
Through this Greg was exposed 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.
Greg is now known internally at the Bureau as the ‘Ganja Man’ and externally by stakeholders as the ‘Bureau Man’. During April to November 2017 Greg was seconded to the Cannabis Licensing Authority (CLA) as their CEO. While there he became a part of history issuing the first commercial licenses.
He also sought to streamline internal processes to increase the efficiency of the Authority. He was part of the CLA team that visited Canada where the team met with both Canadian Government entities and officials (Health Canada, MP Bill Blair, Department of Finance), also with resident offices of the Jamaica Tourist Board and JAMPRO.
Greg resumed his duties at the Bureau of Standards in January 2018 and is engaged as a member of the team responsible for the creation of standards within the cannabis industry in Jamaica.
About CROP Infrastructure Corp.
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 assets includes cultivation properties in California, Washington State, Nevada, Italy, Jamaica and a joint venture on West Hollywood and San Bernardino dispensary applications. CROP has developed a portfolio of 16 Cannabis brands and has US and Italian distribution rights to a line of over 55 topical cannabis products from The Yield Growth Corp.
Michael Yorke – CEO & Director
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”, “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 Jamaica Property; the technological effects of The Jamaica 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.
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About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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