Mr. Mark Backens reports


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 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


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
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.”

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 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 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 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.

Go like Captiva Verde’s facebook page

i think we are about to see some nice gains on VEG, take a look at their facebook page


VEG.c long term contract for 400K pounds per week!

La Quinta, California – April 4, 2016. Captiva Verde Industries Ltd. (“Captiva Verde” or the
“Company”) announces a major food distributor has requested up to 400,000 pounds per week of certified
organic baby leaf starting May 1st. This will be for the month of May and resume full time commencing
September 2016 on a yearly basis.
Together with our existing 142,000 pounds per week of contracted sales, we will have finally contracted
the capacity of our original operations. We have additional lands for expansion.
Captiva was built on a 500,000 to 600,000 pound per week organic platform. As stated in previous updates,
Captiva started in earnest in November, about five months ago. In an effort to attract the leading buyers in
the industry, we needed to display our capacity through spot market sales. Waiting for acceptance into the
industry was painful, but the moment of reconciliation and redemption has arrived. We have grown this
quantity before and are ready to commit to long term contracts for these stated amounts.
Another client is also wanting us to grow an additional 40,000 pounds per week starting May 1st. When
fully contracted sales are executed under this program, we will do 582,000 pounds per week 8.5 months
per year and about 200,000 pounds per week 3.5 months per year. This could total about 24.4 million
pounds per year. Captiva was built on organic baby leaf production and these additional requests for full
capacity takes us to our original plan.
We have invested CDN $12 Million cash and USD $6 million from vendors to build our world class USDA
certified organic facilities and we are ready to move forward in a substantive way.

New VEG Video

Captiva Verde Farming Corp from Captiva Verde Farming Corp. on Vimeo.

VEG..GMO labelling coming, good for organics co’s

VEG..GMO labelling coming, good for organics co’s

Huge Victory for American Consumers: Senate Rejects DARK Act

Senate bill would have made GMO labeling voluntary despite widespread opposition

Nadia Prupis, staff writer


The U.S. Senate on Wednesday rejected a controversial bill that would have made labeling genetically modified organisms (GMOs) in food products voluntary. The bill needed 60 votes to pass and only received 44. Opponents of the bill have referred to it as the Deny Americans the Right to Know (DARK) Act and warned that it would favor corporations over consumers, who widely support labeling GMOs.

“Today, the Senate did the right thing,” said Wenonah Hauter, executive director of Food & Water Watch. “People want to know if the food they buy contains GMO ingredients. It’s time for Congress to create a mandatory on-package labeling requirement so people can decide for themselves whether they want to eat a food that has been produced using genetic engineering.”

Andrew Kimbrell, executive director of the Center for Food Safety, said the vote was a “major victory for the food movement and America’s right to know.”

“It also is an important victory for Democracy over the attempt of corporate interests to keep Americans in the dark about the foods they buy and feed their families,” Kimbrell said.

Had the legislation passed, it would have preempted states from enacting their own GMO labeling requirements. Vermont is poised to put just such a law into effect in July.

Bernie Sanders, the senator from Vermont, said he was “pleased that Congress stood up to the demands of Monsanto and other multi-national food industry corporations and rejected this outrageous bill. Today’s vote was a victory for the American people over corporate interests.”

“”All over this country, people are becoming more conscious about the food they eat and the food they serve their kids. When parents go to the store and purchase food for their children, they have a right to know what they are feeding them. GMO labeling exists in 64 other countries. There is no reason it can’t exist here,” Sanders said.

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