Mr. Michael Yorke reports

CROP EXTENDS CLOSING OF COMMERCIAL REAL ESTATE PURCHASE AGREEMENT BY ELITE VENTURES FOR TONOPAH, NEVADA PROPERTY

Further to its news release dated Aug. 1, 2019, Elite Ventures Group LLC, a limited liability company organized and existing under the laws of Nevada in which Crop Infrastructure Corp. holds a 49-per-cent membership interest, has agreed to extend the proposed closing date of its previously announced commercial real estate purchase agreements dated July 15, 2019, with a certain buyer to purchase certain real property located in Tonopah, Nev., owned by Elite to a date on or before Sept. 20, 2019.

In connection with the sale of the Nevada property, The Hempire Company LLC, a limited liability company organized and existing under the laws of Nevada, also agreed to extend the closing date of the asset purchase agreement dated July 15, 2019, with the buyer, pursuant to which Hempire agreed to sell four active, authenticated, usable, uninhibited and transferrable Nevada marijuana certificates registered on the Nevada property, to a date on or before Aug. 23, 2019.

The extensions are to be granted provided the buyer deposits into escrow $1-million, which deposit will be applied to the purchase price of the Nevada property and the licences before Sept. 6, 2019.

For more information on the sale of the assets, please see the company's Aug. 1, 2019, news release.

About Crop Infrastructure Corp.

Crop is focused on owning a portfolio of cannabis branding, cannabidiol and real estate assets through its wholly and partially owned subsidiaries. Crop's portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada cannabis farm, 2,115 acres of hemp CBD farms and a growing portfolio of share equity in various companies within the cannabis space.

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