Captiva Verde Land to acquire Miss Envy
2019-11-14 16:29 ET - News Release
Mr. Jeff Ciachurski reports
CAPTIVA VERDE EXECUTES FORMAL AGREEMENT WITH MISS ENVY GROUP TO AQUIRE WORLDWIDE RIGHTS FOR MISS ENVY BRANDS, PRODUCT FORMULATIONS INCLUDING INTELLECTUAL PROPERTY, MANUFACTURING, MARKETING, SALES AND DISTRIBUTION OF CBD AND CANNABIS RELATED PRODUCTS
Captiva Verde Land Corp. has executed an exclusive and formal acquisition agreement with the Miss Envy Design Group. Miss Envy was recently awarded the 2017 High Times Cup Gold Medal for best topical and cannabidiol (CBD) products.
The Miss Envy team designs and formulates award-winning products throughout the world and Captiva Verde is excited to be part of this award-winning team to manufacture, sell and distribute its legal products throughout the entire world (not including Canada), where products are compliant with all applicable laws and regulations.
The company values the extensive Miss Envy product catalogue and deeply appreciates the support from its 11,000 subscribers and supporters. Having a team that has been in the space for 25 years is another reason why cannabis 2.0 will be comprised of companies like Captiva Verde that align themselves with award-winning market veterans. The broader Captiva Verde shareholders have used many of the different Miss Envy-designed products and all feedback from this personal experience has been positive. No other product has met the success rate with shareholders. Terms of the deal are the issuance of eight million Captiva shares paid on the following performance milestones:
Two million shares on the commencement of legal sales anywhere in the world;
Two million shares on the next $5-million in sales;
Two million shares on every $5-million increase thereafter for a total of eight million shares.
The agreement is subject to Canadian Securities Exchange approval.
We seek Safe Harbor.
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