Captiva Verde Enters into Negotiations to Acquire Licensed Applicant of Outdoor High Potency Organic Cannabis Production and Processing in Canada
Coquitlam, British Columbia, Mar, 12 2019 - (ACN Newswire) - Captiva Verde Land Corp. (the "Company") (CSE: PWR), is pleased to announce that negotiations have commenced to acquire Solargram Farms Corporation ("Solargram"), a Canadian controlled private corporation, having corporate offices in Moncton, NB. Captiva Verde is anticipating taking an ownership interest in a world class team of experienced operators and growers in addition to a planned full spectrum cannabis oil extract processor of high grade Canadian outdoor organically farmed cannabis using natural farm inputs. The Solargram team has over 40 years of combined industry specific, non-stop operating, growing and processing experience in a specific regional market that, taken together, has over 125 years of collective business experience.
The acquisition includes land assets, growing assets, proprietary IP and technological expertise necessary to successfully run and operate multiple planned outdoor farm grown organic cannabis site operations together with its planned related full spectrum cannabis oil concentrate processing facilities. The conclusion of the negotiations is contingent on Solargram's receipt of Canadian Health Canada cannabis cultivation and processing licenses from the Canadian Federal Government for its planned outdoor cannabis outdoor grow operations and its state of the art planned extraction facility in Moncton, NB.
Less than 4% of Canada's current cannabis products are derived from outdoor operations. Sun grown outdoor plants are lower cost with consistent high yields and potency, providing patients with an opportunity to choose from a selection of natural and healthier products than what the market currently offers.
The above activities are in addition to the ongoing efforts in the USA to offer legal hemp and CBD products to big box retailers and the build-out of a robust distribution network in Mexico that will offer curated and affordable hemp, CBD and Cannabis branded products to people interested in health and wellness. The company also announces the engagement of Drake Sutton-Shearer as Chairman of a newly created advisory board. Drake is the CEO of PROHBTD and a global thought leader in the Cannabis industry. PROHBTD (www.prohbtdglobal.com) are a consumer goods and content company who create and market lifestyle and wellness brands to global audiences, overturning the taboos and stereotypes of the status quo cannabis vernacular and continually pushing it toward the mainstream. With offices in the USA and Canada, the company is also the global cannabis partner of Licensing Expo, Advertising Week, Post Media, Entrepreneur Media and All Def Media. Drake will be helping Captiva Verde CEO Jeffrey Ciachurski assemble an advisory board of domain experts to support North American operations and initiatives.
On Behalf of the Board of Directors
Chief Executive Officer and Director
Cell: (949) 903-5906
E-mail: [email protected]
Cautionary Note Regarding Forward Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
SOURCE: Captiva Verde Land Corp
Source: Captiva Verde Land Corp.
Sectors: Agritech, Food/Beverage, BioTech, HealthCare
Copyright ©2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
More Latest Release >>
Lexus LC Takes 24th Position Overall at QF Race for Nurburgring 24 Hours Endurance Race
May 20, 2019 17:07 JST
"Science Based Targets (SBT) Initiative" Approves Eisai's Greenhouse Gas Reduction Targets
May 17, 2019 16:34 JST
Toyota Rolls Out New Supra
May 17, 2019 15:49 JST
DOCOMO Develops Safe, Blade-free Drone Propelled with Ultrasonic Vibrations
May 17, 2019 12:08 JST
Hitachi Automotive Systems' EV Inverter Adopted for the e-tron, Audi's First Mass Production Electric Vehicle
May 17, 2019 11:40 JST
NEC Awarded Intelligent Transportation System Project in Oman
May 17, 2019 11:15 JST
Eisai to Present Data on Oncology Pipeline and Products at 55th Asco Annual Meeting
May 16, 2019 08:37 JST
Toyota: The Master Craftsmanship of the Century, Japan's Only Chauffeur-Driven Car
May 15, 2019 16:19 JST
NEC and CSC e-Governance Services Form a Strategic Alliance to Deliver Innovative Digital Services for Rural Areas in India
May 15, 2019 13:12 JST
Mitsubishi Shipbuilding Holds Christening Ceremony for Next-Generation LNG Carrier "BUSHU MARU"
May 15, 2019 12:14 JST
MHPS Receives Order for Two H-25 Gas Turbines for Major Chinese Paper Firm Lee & Man Paper Manufacturing Ltd.
May 15, 2019 11:37 JST
Mitsubishi Corporation: Production Underway at Cameron LNG
May 14, 2019 20:01 JST
Fujitsu Formulates "Design the Trusted Future by Data x AI", a Process and Framework for Creating Goal-Oriented Businesses
May 14, 2019 13:23 JST
NEC Becomes the First Japanese Company to Join the TESLA Consortium's Fight Against Cancer
May 14, 2019 10:12 JST
Fujitsu and Autonomic Collaborate to Bring Advanced Mobility Services to Global Automakers
May 14, 2019 09:44 JST
NEC: Grupo Gtd Goes Live With Netcracker's Full-Stack BSS/OSS Suite for B2B Transformation
May 13, 2019 20:39 JST
Tanak and the Toyota Yaris WRC Conquer a New Rally in Chile
May 13, 2019 12:36 JST
Eisai Enters Into Licensing Agreement With Medac Concerning Anti-Rheumatic Agent Methotrexate Subcutaneous Injection in Japan
May 10, 2019 13:34 JST
Eisai: Alzheimer's Clinical Trials Consortium Selects Elenbecestat and BAN2401
May 10, 2019 12:55 JST
Fujitsu Develops Automatic Labeling Technology to Accelerate AI Use of Time-Series Data
May 10, 2019 11:21 JST