News Americas, NEW YORK, NY, Fri. Aug. 3, 2018: A Canadian company is entering the Caribbean marijuana market and is counting down to the launch of Hempire Jamaica.
CROP Infrastructure Corp., a publicly listed company on the Canadian and US stock exchange, this week announced it has acquired a 49 percent stake in a 217,000 sq. foot property ideally situated for future cannabis production and extraction in the Westmoreland Parish of Jamaica.
“CROP continues to build its global footprint by securing this strategic joint venture in Jamaica,” said CROP Director & CEO Michael Yorke. “Many countries are now introducing new licensing and legislative regimes for CBD and cannabis and are prime entry points for our growing organization.”
He added that “Jamaica is of particular interest as its licensing regime allows for a full suite of genetics which will give our tenant growers the advantage of being able to provide buyers with a broad variety of CBD and THC end products.”
The company plans to license the brand, ‘Hempire Jamaica’ to a future tenant of the property.
CROP Infrastructure Corp. 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, Washington State, Nevada, Italy, Jamaica and a joint venture on West Hollywood and San Bernardino dispensary applications.
CROP has developed a portfolio of 15 Cannabis brands and has US and Italian distribution rights to a line of over 55 cannabis topical products from The Yield Growth Corp.
