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.
On behalf of the Board of Directors of the Company and for further information, please contact:
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This news release contains forward-looking statements. The Company has provided the forward-looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in
Jeffrey Ciachurski
Chief Executive Officer
Suite 201 78080 Calle Amigo
La Quinta, California USA 92253 Cell: (949) 903-5906
E-mail: Jeff@veg.net
Website: www.veg.net
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Michael Boyd
Director
Tucson, Arizona
Office: (502) 275-0979 E-mail: azmboyds@aol.com
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