019-12-03 09:51 ET - News Release
Mr. Jeffrey Ciachurski reports
CAPTIVA VERDE LAND CORP ANNOUNCES FINAL STAGE OF NEW BRUNSWICK CANNABIS 5.6 MILLION SQUARE FEET OUTDOOR ORGANIC GROW INFRASTRUCTURE BUILD OUT
Captiva Verde Land Corp.'s Solargram Farms Corp., having corporate offices in Moncton, N.B., has begun the final installation of its New Brunswick 5.6-million-square-foot grow infrastructure buildout, located in Renaud Mills. This final installation of infrastructure assets includes fencing and security as part of our site evidence package to support our planned outdoor cannabis organic grow initiatives for 2020 grow season.
In May 2019, Captiva Verde took a 100% ownership interest into a veteran team of experienced operators and growers, dedicated to full spectrum, hand crafted, outdoor organic cannabis and oil extracts, providing high valued finished health and wellness products using natural farm inputs. The Solargram team has over 40 years of combined industry specific, non-stop operating, growing and processing experience in a specific regional market that, taken together, has over 125 years of collective experience.
The acquisition includes land assets, growing assets, proprietary IP and technological expertise necessary to successfully run and operate multiple planned outdoor grown, lower cost per gram, vertically integrated, organic cannabis site operations together with its planned related full spectrum cannabis oil concentrate processing facilities. Solargram now has a five-year planned outdoor farm grown cannabis production capacity in excess of 250 farm acres over three New Brunswick outdoor grow sites representing over 100,000 kgs of dried cannabis targeted for organic cannabis oil (CBD, CBD-THC) concentrate for export as well as developed in-house, best in class unique cannabis and edible products.
Cannabis is an evolutionary business within a revolutionary change of politics. The torch is being handed back to veteran growers, scientist and proven business leaders who understand the original intent of legalization, which is to have the lowest cost, first in class products available to everyone.
Less than 4% of Canada's current legal cannabis products are derived from outdoor operations. Sun grown outdoor plants have the lowest cost with consistent high yields and potency, providing consumers with an opportunity to choose from a selection of natural and healthier products than what the market currently offers with indoor industrial scale production.
Companies like Captiva Verde, can provide both a superior product and a price point, inclusive of taxes, that is well below the black-market rates, which the latter currently outperforms the legal market at a rate of more than three to one. Companies such as Captiva Verde, embrace the experiences of long-time growing veterans, scientist and proven business leaders whose collective experience together, puts cannabis where its intention is most valued, to the trusted consumer.
The above activities are in addition to Captiva's ongoing efforts in the USA to big box retailers and its build-out of a robust distribution network in Mexico that offers curated and affordable hemp, CBD and Cannabis branded products to people interested in health and wellness.
In addition, the company is extremely diversified to provide shareholder security through its ownership of a 50% interest in and to an approved US$400 Million residential subdivision in Southern California. The company's other 50% partner, Greenbriar Capital Corp., is currently in final negotiations with a US Federal Agency, to lease the entire subdivision under a long-term lease agreement.
We seek Safe Harbor.
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