CropLogic Limited announced the resignation of Dr. Andrew Whitehead (resignation to be effective immediately). Dr. Whitehead will be replaced with Mr. Stephen Silver. Mr. Silver brings 10 years of corporate finance experience to the board. Having worked in Perth, Sydney, London and New York. He is currently Managing Director of Hunter Capital Advisors.

The company announced that following its intention to establish a trial farm in Oregon, USA, the company has now sourced and agreed terms for the lease of a 150 acre property. The company hopes to execute the lease in the coming weeks with a view to cropping industrial hemp on this trial farm beginning with the upcoming 2019 season. The trial farm is located in the highly productive agricultural county of Deschutes County, Oregon. The property will be leased for a period of three years with an option to sub-lease in years two and three. CropLogic will now move to developing farm plans and other preparations around this property, such as soil sampling, plant spacing and irrigation infrastructure and scheduling. The outcome of these plans will strongly flavor and influence CropLogic's final production targets for this 150 acre trial farm however similar acreage producing hemp biomass of between 180,000 lbs to 337,500 lbs (81,647 kg to 153,087 kg) has been observed. The price for hemp biomass varies between grade and variety but prices of USD 35 to USD 45 per pound (lb) were reported in CropLogic's recent investigations into the industry.