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The Internet of Things Is Coming to Agriculture, Bringing a Mixed Bag of Outcomes

BOSTON, MA–(Marketwired – August 04, 2016) – A wide range of start-ups and incumbents as varied as John Deere and Verizon are jumping in as the Internet of Things (IoT) comes to the farm with the promise of raising yields, reducing costs, and improving efficiencies, according to Lux Research.

Agriculture is an excellent use case for IoT, rich with data sources and ripe for operational improvements with the deployment of sensors, connectivity, and analytics. A major challenge for adoption of IoT systems for ag is the wide variation in outcomes, which can vary from single-digit reductions in inputs like water, fertilizer, seed, or other chemicals, to double-digit increases in yield. The magnitude of the cost savings or revenue increase has a significant impact on a solution’s traction with growers.

“Technologies have emerged to combat many of the difficulties inherent to deploying IoT on farms including durable hardware, effective connectivity infrastructure, and powerful information management and analysis platforms,” said Sara Olson, Lux Research Analyst and lead author of the report titled, “The Internet of Agricultural Things.”

“Solutions that focus on increasing crop yields and target multiple pieces of agricultural value chains have broader appeal,” she added.

Lux Research evaluated IoT’s value propositions in agriculture and conducted three case studies. Among their findings:

Start-ups are rising. Phytech, AquaSpy, OnFarm Systems, and SemiosBIO are leading start-ups, with compelling technologies and solid business execution. In start-up funding activity this year, CropX has raised $10 million while SemiosBIO received $9 million.
More accurate irrigation management can help raise yields. AquaSpy’s probes to monitor soil water status in irrigated fields have a clear value proposition. In a case study conducted over the course of a full corn growing season in South Carolina, AquaSpy-managed fields generated 22% higher yields.
Question marks loom over costlier services. Phytech’s system consisting of soil, plant and weather sensors, and irrigation flow meters showed 10% water savings over a two-week period in one case. At a relatively high irrigation cost of $500 per acre, the system would deliver a return on investment of 10%, but at lower water cost, returns are questionable thanks to high per-acre service costs.
The report, titled “The Internet of Agricultural Things,” is part of the Lux Research Agro Innovation Intelligence and the Industrial Internet of Things Intelligence services.

About Lux Research

Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.

Contact:
Carole Jacques
Lux Research, Inc.
617-502-5314
carole.jacques@luxresearchinc.com

Honorable Jerry Grafstein, QC will join Captiva’s Board of Directors

CAPTIVA VERDE ANNOUNCES NEW ADDITION TO THE BOARD OF DIRECTORS
La Quinta, California – July 12, 2016 Captiva Verde Industries Ltd. (“Captiva Verde” or the “Company”) is pleased to announce that the Honorable Jerry Grafstein, QC will join Captiva’s Board of Directors at the Captiva Verde Annual General Meeting to be held on September 8th, 2016.
The Hon. Jerry S. Grafstein, Q.C., holds degrees from the University of Western Ontario and the University of Toronto Law School and has taught the Bar Admission Course at Osgoode Hall. He has wide-ranging legal and business experience in all aspects of media. Mr. Grafstein was a co-founder of a range of media companies, focusing on broadcasting, cable, communications, film production and publication enterprises in Canada, the USA, the UK, and South America. Mr. Grafstein recently co- founded on-line news sites from Canada, USA, Brazil, China, Russia, Africa, UK, Europe and the Mideast including a site from Hollywood and a Fashion site. He advised several key government ministries, including Transportation, External Affairs, Consumer and Corporate Affairs and Justice.
Mr. Grafstein was appointed to the Senate of Canada in 1984 by then Prime Minister Pierre Elliott Trudeau. Mr. Grafstein served on all Senate Committees, including the Agriculture and Forestry, Foreign Affairs and the Legal and Constitutional Affairs Committees. He served as Chairman of the Senate Banking, Trade and Commerce Committee. While in the Senate, he was a long serving Co- Chair of the Canada-United States Inter-Parliamentary Group, and a long serving senior officer of the Organization for Security and Co-Operation in Europe Parliamentary Assembly (OSCE PA). Mr. Grafstein retired from the Senate on January 1, 2010. He continues his law practice in corporate finance and communication law and as counsel emeritus to Minden Gross LLP in Toronto and remains active in the local affairs in Toronto. He now devotes most of his business time to tech start- ups in Canada, U.S.A. and South America.
On behalf of the Board of Directors

CAPTIVA VERDE ANNOUNCES NEGOTIATIONS FOR GAME CHANGING TECHNOLOGY

Captiva Verde Industries Ltd. is in negotiations for the acquisition of a revolutionary patented technology to reduce important water costs in agriculture. This technology has significant potential for other industries for reducing costs such as domestic residential users.

The company is reviewing the patent(s), conducting its due diligence and negotiating for the best outcome to acquire this significant water-related asset.

Captiva Verde will update its shareholders on the progress of the negotiations.

Jeff Ciachurski, chief executive officer of Captiva Verde, states: “I had taken Western Wind Energy from a few thousand dollars of initial capital to a $420-million sale to a $180-billion asset manager. I intend to do the same with Captiva Verde.”

CAPTIVA VERDE ANNOUNCES NEGOTIATIONS FOR GAME CHANGING TECHNOLOGY

Captiva Verde Industries Ltd. is in negotiations for the acquisition of a revolutionary patented technology to reduce important water costs in agriculture. This technology has significant potential for other industries for reducing costs such as domestic residential users.

The company is reviewing the patent(s), conducting its due diligence and negotiating for the best outcome to acquire this significant water-related asset.

Captiva Verde will update its shareholders on the progress of the negotiations.

Jeff Ciachurski, chief executive officer of Captiva Verde, states: “I had taken Western Wind Energy from a few thousand dollars of initial capital to a $420-million sale to a $180-billion asset manager. I intend to do the same with Captiva Verde.”

TIMMINS GOLD REPAYS SECURED DEBT

Mr. Mark Backens reports

TIMMINS GOLD REPAYS SECURED DEBT TO SPROTT AND GOLDCORP

Timmins Gold Corp. has repaid its $10.22-million (U.S.) credit facility with lenders Sprott Resource Lending Partnership and Goldcorp Inc. A bonus of $204,450 (U.S.) will be paid to Sprott, and a bonus of $70,416 (U.S.) and 550,000 common shares will be paid to Goldcorp pursuant to the terms of the credit agreement.

“Settlement of this debt is a very significant achievement for Timmins as it has been a top priority to place the company in a stronger financial position going forward,” stated Mark Backens, interim chief executive officer. “With the debt paid off, we gain flexibility and can renew focus on the advancement of the Ana Paula feasibility study and permitting work. Initial funding for this work will be provided by the cash flow generated from the San Francisco mine. We would like to extend our appreciation to both Sprott and our largest shareholder Goldcorp for their support.”

On a related note, Timmins has provided Candelaria Mining Inc. an extension to the closing of the Caballo Blanco transaction from June 24, 2016, to July 7, 2016. As a part of this extension agreement, Candelaria has increased its non-refundable deposit by $3.5-million (U.S.) for a total of $7.0-million (U.S.), which has been received as at June 13, 2016, with the next payment of $3.0-million (U.S.) due on closing. All other terms of the transaction, including the final payment of $2.5-million (U.S.) due on the earlier of receipt of permits for the project and one year from closing, and the assumption by Candelaria of the $5.0-million (U.S.) contingent obligation to Goldgroup Mining Inc., remain unchanged.

Captiva Verde sells $2.44 Million in 30 days!

CAPTIVA VERDE ANNOUNCES RECORD MAY 2016 PRODUCTION

Captiva Verde Industries Ltd. has provided an update on its recent production. During the month of May, 2016, the company harvested and sold 1,530,540 pounds of U.S. Department of Agriculture-certified organic vegetables. Prices, together with vegetable types and varieties, are confidential, but the month of May, 2016, represents over $2.44-million in sales.

With the gold-medal effort demonstrated by the company’s farming team and harvest contractor, Captiva Verde has clearly displayed proof of its ability to execute on its farming plan. With several acquisition targets being negotiated and expansion of farming lands in key regions being executed, the company will strive to build out a world-class USDA-certified organic farming organization. Substantial start-up expenditures were expensed in the last few months of 2015, and will continue to be expensed out in Q1

CAPTIVA VERDE (VEG.CVE) ANNOUNCES RECORD PRODUCTION

La Quinta, California – May 23, 2016 Captiva Verde Industries Ltd. (“Captiva Verde” or the “Company”) is very pleased to announce record production. During the past two weeks, the company harvested 1,064,000 pounds of organic vegetables. This equates to 76,000 pounds per day of high quality USDA certified organic vegetables. Since May 13th, the company is fully contracted for its rated capacity. Captiva is reviewing additional expansion to create capacity for up to one million pounds per week for nine (9) months of the year and 160,000 pounds per week during the summer months. Prices and varieties are confidential, but the past 14 days represent over $1,700,000.00 in sales.
With respect to the broader market, the US organic industry set new records in 2015, with organic food sales of $39.7 billion, up 11 percent from the previous year. The Organic Trade Association said nearly 5 percent of all food sold in the U.S. and 13 percent of all produce sold is organic. Organic produce remains the largest of all organic categories with $14.4 billion in sales, up 10.6 percent from 2014, the survey found.

Captiva Verde: growing greens and making money

Captiva Verde: growing greens and making money
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08:28 17 May 2016
Captiva Verde builds serious revenue momentum as its organic farms hit their stride.
View of one of Captiva’s fields in the California desert
Captiva’s field in the middle of the California desert
A neat carpet of green can be seen stretching as far as the eye can see, like a well-tended lawn of some grand country manor. But this is right in the middle of the California desert.

It’s just one of Captiva Verde’s (CSE:VEG) many organic vegetable farms in isolated patches across the California and Arizona desert.

Being organic, the farms deploy no chemical pesticides or synthetic fertilizers.

There is a big cultural shift as organic becomes the mainstream, with 78% of US families buying organic produce, which means it’s big business… if you can get it right.

Organic farms are 35% more profitable than the average farm and in retail stores organic prices are typically double conventional prices. Yet currently only 0.5% of US farmland is suitable for organics.

According to the Research Institute of Organic Agriculture and International Federation of Organic Agriculture Movements, global retail sales of organic food are estimated at US $72 billion. North America represents 48% of this global demand.

From renewable energy to organic farming
Captiva Verde is taking a run at this giant market. Worth just CDN $20.5 million, it is fair to say the company is a comparative minnow in the field of agriculture.

But founder Jeff Ciachurski is ambitious: “You’ve got to have a lot of guts,” he says. “You need to go in with a big operation and take the chance.”

Ciachurski made his fortune in sustainable power after he founded Western Wind in 2002 with an initial investment of CDN $250,000.

Just over ten years later he sold the company to Brookfield Renewable Energy Partners for $420 million.

As important as the project is the person behind it; the man or woman with the relentless drive and will to win.

“I made a very big success for my shareholders; in fact I was one of the few guys in the entire worldwide market place that made a whole lot of money in the wind and solar space,” says Ciachurski.

“So I’ve got a knack for finding high quality deals and ones that really take a lot of perseverance, a lot of emotional energy and challenges.”

And he thinks there are lessons he learned from his former employment that are directly applicable to the world of organics.

“There is a huge regulatory landscape you need to navigate. But we successful entrepreneurs take on the big challenges,” Ciachurski says.

Captiva Verde was founded in 2014 and is certified by the United States Department of Agriculture (USDA).

Ciachurski’s team now farms 3,700 acres, the majority of which is leased, and the group is looking to add another 2,270 acres in the southwest US for organic cultivation.

The farmland is managed by a team with extensive experience in organic vegetable farming, food processing, clean energy and land development in California and Arizona.

The isolated fields in Arizona, Imperial Valley and Tehachapi are all at different elevations for production synched to optimal climate conditions, allowing for 365 day a year harvesting and crop rotation.

If the vision above is one of man in harmony with his environment, then the state of California, with some 20,000 organic farms, reveals what happens when agriculture of this sort is done on an industrial scale.

A big risk with big money
It has been a challenge for Captiva Verde, not just meeting the exacting farming standards, but winning over retailers.

“The certification program in California is so tough. The reality of organics is that the standards are way beyond what you’d call sustainable,” said Ciachurski.

“The US is a very litigious place, California especially so. There is a very large and robust food safety program. You want to make sure the buyers know you have a top rated food certification.”

Scrutiny was intense to gain National Organic Program certification. And meeting the food standards and safety criteria can be very costly, which is often a deterrent or inhibitor to smaller, less well-funded groups.

How many small businesses could fund a four-mile fence to avoid cross-contamination from animals? Captiva was forced to bear these costs to gain USDA certification for just one 600-acre farm.

“We take 300 tissue samples per acre to test for bacteria,” states Ciachurski.

“All this can be a big setback for the smaller guys, who often have to sell at the farmers market because the big end retailers would not find their standards remotely adequate to get onto their shelves.

“That’s why you have to raise the capital; it’s a big risk with big money at the start.”

Captiva also had to convince potential buyers of produce that its farms were capable of producing enough to meet the demand from retailers such as Whole Foods and Trader Joe’s.

It was stuck for five months in the spot market, where prices fluctuate minute to minute, while it proved its output was reliable.

“The risk is no one will buy from you until you can prove to them you can grow big quantities. At one time US $9 million worth of supply had to be re-ploughed back into the ground,” Ciachurski laments.

It’s only really in the last month Captiva has found itself in the happy position of selling all its production on contract.

“That means that everything we grew already had a buyer by the time it goes in the ground,” adds Ciachurski.

So what does the future hold?
“Tremendous growth,” Ciachurski says.

The organic vegetable market is worth around US $35 billion a year and is expanding at some 12-15% annually. That rate is forecast for the next 10 years.

Captiva, meanwhile, is making remarkable financial headway.

In 2015 it reported US $9 million of losses. By November it was producing US $500,000 a week worth of vegetables but selling it at only $200,000.

As of 8 May, Captiva has 455,000 pounds of produce a week fully contracted, which brings in US $570,000 a week in sales (the equivalent of almost CDN $30 million of annual sales).

“We are the only company that even has those kinds of revenues on the CSE and the only publicly traded 100% organic farming company,” he points out.

Further expansion is on the books as Captiva looks to some strategic acquisitions.

The company announced last month that it was considering buying two companies – a large food broker and a substantial salad making operation – to expand right through the organic produce supply chain.

The acquisitions will add a further US $13 million of sales a year for the group.

“We’re a growing company in a growing market. Since October 2015 we started from zero sales to now US $1 million a month. Now, as of May, we are moving to US $2.5 million a month,” explains Ciachurski.

“We are fast making money in a dynamically growing sector, and that’s what investors want to see.”

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Josh Allsopp

Captiva Verde Growing Organically and through Acquisitions

Captiva Verde in talks to acquire two food operations

Captiva Verde Industries Ltd (C:VEG)
Shares Issued 21,513,896
Tuesday April 19 2016 – News Release

Mr. Jeffrey Ciachurski reports

CAPTIVA VERDE ANNOUNCES POTENTIAL ACQUISITIONS

Captiva Verde Industries Ltd. has entered into negotiations to purchase two downstream food operations.

The first operation is an organic food brokerage business with deep connections to the retail food market. The company will negotiate a price that is in the best interest of its shareholders, at the same time acquiring an asset that gives the company direct retail exposure for its products.

The second operation is a $12-million-per-year, value-added produce company that provides unique fruit and vegetable products to diverse food retailers.

The company issued this news release to prevent selective disclosure during the negotiation process and will update upon final definitive agreements.

CAPTIVA VERDE ANNOUNCES NEW CHIEF OPERATING OFFICER

Captiva Verde Industries appoints Mills COO, EVP

Captiva Verde Industries Ltd (C:VEG)
Shares Issued 21,513,896
Monday April 11 2016 – News Release

Mr. Jeffrey Ciachurski reports

CAPTIVA VERDE ANNOUNCES NEW CHIEF OPERATING OFFICER

Captiva Verde Industries Ltd. has added Ted J. Mills as the company’s new chief operating officer and executive vice-president, effective May 1, 2016.

Mr. Mills has over 25 years of senior executive leadership within the produce industry representing some of the leading agricultural names in the United States. During his exceptional history of leading successful large-scale farming operations, Mr. Mills was vice-president, agricultural operations, of Fresh Express Inc., director of agriculture, Sabor Farms LLC, vice-president of agriculture, River Ranch Fresh Foods LLC, and general manager and director of farming operations, Tanimura and Antle Inc., all of the above based in California.

Mr. Mills’s role with Captiva Verde will be extensive, and, as the ranking executive on agricultural and related business matters, Mr. Mills will direct the team toward an industry-leading position as a respected and recognized certified organic grower.

The company will issue 500,000 incentive share options as part of this announcement at a price to be set after the close of trading on May 1, 2016.

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