Toronto Venture Exchange Trading Symbol: VEG.H
CALGARY, June 17, 2014 /CNW/ - Captiva Verde Industries Ltd. ("Captiva" or the "Company") is pleased to announce that the Company is in the process of
negotiating and acquiring land leases totaling over 1,100 land acres in
two regions within Southern California and one region within Arizona.
Our first 25-acre field in Tehachapi was planted in early May 2014
yielding an early June 2014 harvest of approximately 151,000 net pounds
of organic leafy greens.
The 12 Month Farming Plan, to be approved by management shortly, calls
for another planting of the same 25-acre field this week plus an
additional 70 acres with an expected harvest in early-mid July. As
additional acres are brought into production, the Farming Plan calls
for monthly harvests ranging from 1.2 million pounds in August 2014 and
fluctuating each month up to 2.8 million pounds in March 2015 for a 12
month total of approximately 20 million lbs. Each land acre yield 3
crops per season and the diversity of the regions allows for harvest
throughout the year.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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 the preparation of the forward-looking
statements may prove to be incorrect. All such forward-looking
statements involve substantial known and unknown risks and
uncertainties, certain of which are beyond the Company's control. Such
risks and uncertainties include, without limitation, delays resulting
from or inability to obtain required regulatory approval. The actual
results, performance or achievements could differ materially from those
expressed in, or implied by, these forward-looking statements and,
accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or occur,
or if any of them do, what benefits, including the amount of proceeds,
the Company will derive therefrom. Readers are cautioned that the
foregoing list of factors is not exhaustive.
SOURCE: Captiva Verde Industries Ltd.
For further information:
On behalf of the Board of Directors and for further information, please contact:
Chairman and Chief Executive Officer
Newport Beach, California
Cell: (949) 903-5906
Office: (502) 275-0979