VEG.c long term contract for 400K pounds per week!
CAPTIVA VERDE ANNOUNCES OPERATIONS UPDATE
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.
