2016 Kitchen Cookoff , Sizzling Stocks of the Year Contest Message Board

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Microcap & Penny Stocks : 2016 Kitchen Cookoff , Sizzling Stocks of the Year Contest

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From: caliche	4/30/2016 3:00:22 AM
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2016-04-29 23:14 ET - News Release Mr. Jeffrey Ciachurski reports CAPTIVA VERDE ANNOUNCES 2015 AUDIT RESULTS Captiva Verde Industries Ltd. has completed its 2015 audit for the 12 months ended Dec. 31, 2015, the company's first period of commercial operations. It was only the last two months of the year when production happened in earnest. From an operating standpoint, given fine tuning of the equipment and processes during October, the last two months of 2015 were the first two months of steady sales. These two months averaged $1-million per month. The majority of the company's product was sold on the spot market as the company needed to display its capacity and ability to produce, on a large scale, to attract leading buyers in the industry. This major investment was made to the company's fields to showcase this production capacity. As a result, the company finally achieved its business plan in 2016 and will only be planting product for contracted sales. To that end, the company has finally secured 455,000 pounds per week in annual contract sales and is in discussions for an additional 120,000 pounds per week to fulfill its total production capacity of 500,000 to 600,000 per week. The previous unreliable, but necessary and temporary, reliance on the spot market had a negative effect on the company and resulted in acreage in Salome and the Imperial Valley being plowed under due to a lack of contract sales and resulting in oversize spoilage throughout those two regions. These amounts, plus the initial start-up costs of the company during its first year, have been written off against the first two months of sales. Copies of the financial statements and the accompanying management's discussion and analysis can be found on the company's website and SEDAR. The company looks forward to a very exciting and rewarding 2016. © 2016 Canjex Publishing Ltd. All rights reserved. Mobile Old Site Home Daily Products Help Contact Us Your Account System Status © 2016 Canjex Publishing Ltd. All rights reserved. "Stockwatch" is a registered trademark of Canjex Publish

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