CAPTIVA VERDE ANNOUNCES RECORD PRODUCTION
La Quinta, California – May 23, 2016 Captiva Verde Industries Ltd. (“Captiva Verde” or the “Company”) is very pleased to announce record production. During the past two weeks, the company harvested 1,064,000 pounds of organic vegetables. This equates to 76,000 pounds per day of high quality USDA certified organic vegetables. Since May 13th, the company is fully contracted for its rated capacity. Captiva is reviewing additional expansion to create capacity for up to one million pounds per week for nine (9) months of the year and 160,000 pounds per week during the summer months. Prices and varieties are confidential, but the past 14 days represent over $1,700,000.00 in sales.
With respect to the broader market, the US organic industry set new records in 2015, with organic food sales of $39.7 billion, up 11 percent from the previous year. The Organic Trade Association said nearly 5 percent of all food sold in the U.S. and 13 percent of all produce sold is organic. Organic produce remains the largest of all organic categories with $14.4 billion in sales, up 10.6 percent from 2014, the survey found.
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