Captiva Verde to ac­quire cannabis li­cences in Mex­ico

Stockwatch Daily - - CONSUMER GOODS - Mr. Jeff Ci­achurski re­ports

FUR­THER TO Captiva Verde Land Corp.’s news re­leases dated Nov. 1 and Nov. 5, 2018, whereby the Supreme Court of Mex­ico has le­gal­ized cannabis for all forms of adult use and the pro­posed is­suance of one mil­lion com­mon shares of Captiva Verde Land Corp., payable to S&G upon ap­proval of the Cana­dian Se­cu­ri­ties Ex­change, where S&G will be re­spon­si­ble for the in­fu­sion and dis­tri­bu­tion of fin­ished cannabis prod­ucts for the lo­cal and ex­port mar­ket, Captiva has reached an agree­ment dated Jan. 10, 2019, with S&G Pro­ce­sos In­dus­tri­ales SA de CV of Mex­ico for the ac­qui­si­tion of cannabis li­cences, re­lated land and fa­cil­i­ties in the Repub­lic of Mex­ico once the de­fined reg­u­la­tions are fi­nal­ized by the newly elected ad­min­is­tra­tion. S&G will re­ceive from Captiva a M&A (merger and ac­qui­si­tion) fee of 7 per cent of the pro­ceeds to be paid by Captiva for such li­cences, land and fa­cil­i­ties.

The fi­nal price will be set­tled when the reg­u­la­tions by the newly elected ad­min­is­tra­tion are com­plete and Captiva will seek fi­nanc­ing at the project level by credit fa­cil­i­ties with re­pay­ments from a per­cent­age of prod­uct sales. Captiva will pro­vide up­dates as the reg­u­la­tions man­dated by the Supreme Court are fi­nal­ized. Law re­quires the ad­min­is­tra­tion to have the reg­u­la­tions in place within 90 days of the Oct. 31, 2018, ruling, but Captiva ex­pects some de­lays within the ad­min­is­tra­tion.

The new ad­min­is­tra­tion may chal­lenge any li­cences is­sued by the pre­vi­ous ad­min­is­tra­tion that were pub­li­cally dis­closed last year by other com­pa­nies, there­fore Captiva will be very care­ful to fol­low any new for­mat and pol­icy adop­tion. Jeff Ci­achurski, chief ex­ec­u­tive of­fi­cer of Captiva Verde, stated: “We are very ex­cited to be work­ing with S&G on this devel­op­ment. Mex­ico of­fers the ideal grow­ing con­di­tions, mar­ket aware­ness and long his­tory of cannabis pro­duc­tion to sat­isfy the in­creas­ing ac­cep­tance of cannabis as a well­ness prod­uct.” About Captiva Verde Land Corp.

Captiva Verde Land is a sus­tain­able real es­tate com­pany that in­vests in as­sets that con­tain green res­i­den­tial com­mu­ni­ties, dis­rup­tive man­u­fac­tur­ing fa­cil­i­ties, or­ganic food pro­duc­tion and le­gal cannabis op­er­a­tions.

We seek Safe Har­bor.

Michael Man­ford Boyd, Jeffrey Joseph Ci­achurski, Orest Kostecki, James Tay­lor

(PWR) Shares: 85,648,091

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