For immediate Release
Captiva Verde Land Corp (the “Captiva”), is pleased to announce that further to the Supreme Court of Mexico approving the legalization of cannabis for all forms of adult use, Captiva has reached an agreement with S & G Procesos Industriales, S.A de C.V (“S & G”) of Mexico, for the infusion of legal cannabis products into well established Mexican alcoholic products. The terms of the agreement, is the issuance of one million common shares of Captiva Verde Land Corp, payable to S & G upon approval of the Canadian Securities Exchange. S & G will be responsible for the infusion and distribution of the finished products for the local and export market. The millennial old process of infusing wines or alcohol with Cannabis has returned to center stage, as it is well documented, the health benefits of hemp and cannabis into quality drinks.
This venture is significant for Captiva as it is complementary to our strategy of acquiring from Mexican landowners, land and permits for the cultivation, processing and distribution of cannabis and hemp products.
Captiva Verde Land Corp is a sustainable real estate company that invests in assets that contain green residential communities, disruptive manufacturing facilities, organic food production and Cannabis operations. Captiva is listed as a Life Sciences company on the Canadian Securities Exchange under the symbol PWR.
On Behalf of the Board of Directors
Chief Executive Officer and Director
Cell: (949) 903-5906
E-mail: [email protected]
Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “anticipates”, “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
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