Captiva completes acquisition
CAPTIVA VERDE COMPLETES ACQUISITION OF OVER 5 MILLION SQUARE
FEET OF HAND CRAFTED OUTDOOR ORGANIC HIGH POTENCY CANNABIS
PRODUCTION CAPACITY AND 30,000 SQUARE FEET OF BUILDINGS FOR
PROCESSING FACILITIES IN NEW BRUNSWICK, CANADA
Captiva Verde Land Corp. (the “Company”) (CSE: PWR), is pleased to announce that Captiva
Verde has completed the acquisition of over 5 Million square feet of hand crafted outdoor organic
high potency cannabis production capacity and 30,000 square feet of buildings to commence
infrastructure buildout for Solargram Farm’s Health Canada site evidence package as final steps to
obtain outdoor organic grow licenses.
Solargram Farms, a wholly owned subsidiary of Captiva Verde, will become Canada’s largest
outdoor organic cannabis growing operation, having in excess of 5 million square feet of outdoor
production capability at 100 percent yield.
The outdoor production site and buildings is now owned 100% by Captiva Verde and is debt-free.
The acquisition is a testament to the skillful New Brunswick executive team of Len Wood and
Marc LeBlanc whom made an extremely rare find. Included in the site is an onsite man made 6
million gallon fresh water pond with surplus water fed by two high capacity spring fed wells to
easily satisfy the water demands of such a high yielding and expansive growing operation.
Similar facilities of this size are costing anywhere from $6 Million to $10 Million to build and our
team has acquired this for less than 10 cents on the dollar.
This Infrastructure project has commenced with expectations of a 2020 first year cannabis harvest
comprised of outdoor organically grown production. We are excited to provide the market place
with organic oil products that is destined for unique, selected and branded boutique product
offerings slated to come to market in 2020 and we are negotiating supply agreements both
domestically and internationally to ensure our high valued products are available in the markets
where we choose to operate in.
We owe everything to our valued shareholders and to our dedicated team who have the passion,
desire, and determination to build Solargram into a formidable player in the cannabis marketplace,
and as a strong division of the Captiva Verde success story.
