Crop Infrastructure Corp. announced it has completed the purchase of the suite of Recreational Cannabis licenses and the 1,012-acre property in its Elite Ventures Group 49% interest holding. The total purchase price was $8,009,000 consisting of $4,058,100 amortized over 20 years for 843 acres of the real estate. CROP has paid $3,950,900 for 169 acres, including a down payment for the 20-year vendor financing for the remaining 843 acres. CROP has an option on all licenses once federally legal and will recoup 100% of its investment. The State of Nevada has granted Recreational Adult Use Cultivation and Product Manufacturing and Distribution licenses for the company’s Esmeralda Cannabis Project. The company is currently constructing a wall around the 40-acre outdoor cannabis cultivation area for 2019 on the 1,012-acre property. The project requires an additional $250,000 in funding and, once complete, is expected to yield 80,000 pounds of +20% per year of THC, or approximately 15,000 KG of distillate, according to genetics readied for the project. Additionally, CBD/THC Extraction facilities will be constructed on the property in readiness for processing the 2019 crops.