2020-02-26 15:05 ET - News Release
Mr. Jeffrey Ciachurski reports
CAPTIVA VERDE LAND CORP - CORPORATE UPDATE
Captiva Verde Land Corp. has arranged the following updates for each of its business segments.
Mexico pharmaceutical licence
Captiva has started construction on its new manufacturing plant in Mexico to supply a wide range of psychoactive, heath and wellness, and narcotic medicines pursuant to its comprehensive pharmaceutical licence to sell and distribute over 300 different types of psychoactive (psilocybin) and non-psychoactive (cannabidiol (CBD)) products. The plant will be finished in June and ready to produce in October of this year for positive accretive cash flow. Furthermore, the company has an arrangement to sell all of its products to the Union of Health Care Workers, plus the larger group within the Union Federation, as a buying club of 1.2 million members. Its products will be exceptional quality but priced for the Mexico market in the price range affordable in Mexico at a special discounted price for the benefit of the Union members and their families. This is a long-term and sustainable strategy.
Solargram Farms
As stated in its previous news releases, one of the few remaining value propositions in the cannabis business is to blow up the current status quo of high-priced indoor cultivation with extremely low-cost high-quality outdoor grow. Last year, four public companies produced only 3 per cent of the legal cannabis supply in Canada with outdoor grow operations. Their respective public disclosures list their total cost to produce at between 10 and 24 cents per gram versus $1 to $13 per gram for indoor grow, not including their destructively high general and administrative costs. Solargram was built to supply compassionate cannabis at retail values well below that of the grey market, which grey market stubbornly controls 75 per cent of the market share. The Solargram operations are almost complete and ready to commence licensed operations in early May with a very large ultralow-cost harvest ready for sale in October of this year.
Miss Envy
Miss Envy is an award-winning health and wellness organization with the biggest selection of organic products in the market. Captiva has the worldwide rights outside of Canada. Captiva is currently developing the Miss Envy product line in Mexico to co-ordinate with the opening of its Mexican facility in June of this year. Miss Envy provides another one of the remaining value added propositions left in the industry, which is a world-recognized brand with a huge following. Every time any other LP in the United States or Canada sells a cannabis product, they sell at a loss according to their public disclosures. This is not sustainable. Miss Envy offers a sustainable and profitable solution to the compassionate needs of the industry.
Meanwhile, Captiva is in the process of tweaking Miss Envy's product lines to better appeal to Asian consumers and exploring opportunities to procure substantial sales from the Asian community with Miss Envy, where the products and themes are very well received. Updates will be released as they become available.
Sage Ranch, California
Captiva owns 50 per cent of the sustainable and affordable 1,000-housing-unit Sage Ranch subdivision in Southern California. The project will have its final California environmental impact report issued on March 4 for the 45-day public review period and then approval in front of the Planning Commission and City Counsel in June of this year. Upon approvals and completion of a 30-day appeal period, construction will commence at the annualized rate of 150 to 250 homes per year.
Summary
Captiva Verde is a highly efficient, nimble, extremely low-overhead, high-impact and sustainable socially responsible investment company with a multitude of high-value projects that will all succeed due to a very loyal shareholder base and an execution oriented, sharply focused and dedicated management team.
We seek Safe Harbor.
AI
