Mr. Jeffrey Ciachurski reports
CAPTIVA VERDE COMMENCES LARGE SCALE COMMERCIAL OPERATIONS
Captiva
Verde
Industries
Ltd.
has started large-scale
planting
of
certified
organic
leafy
vegetable
operations
at
the
company's
Arizona
project.
Planting
begins
at
the
rate
of
65
acres
per
week,
and,
according
to
the
Aug. 2,
2015,
independent
report
by
an
Arizona-based
professional
agronomist,
expected
yields
will
average
around
7,000
pounds
per
acre,
and,
if
weather
conditions
are
favourable
going
into
the
fall,
yields
can
reach
up
to
10,000
pounds
per
acre,
thus
yielding
between
455,000
and
650,000
pounds
per
week.
The
first
of
these
repetitive
weekly
harvests
is
anticipated
25
to
30
days
from
today's
date.
This
rate
of
planting
and
harvesting
will
be
repeated
every
week
per
year
and
will
be
continued
in
Arizona
through
late
November
and
then
transition
at
the
same
rate
to
Imperial
Valley,
Calif., for
the
period
November
through
March.
This
rate
will
be
further
continued
back
to
Arizona
in
March
through
May
and
then
continued
for
the
summer
season
in
Tehachapi,
then
returning
back
to
Arizona
for
late
August,
early
September
of
the
following
year
for
a
complete
year-round
cycle.
The
first
published
financial
results
for
the
first
full
period
of
commercial
operations
will
be
reported
in
the
company's
fourth quarter
financial
statements
for
the
period
ending
Dec. 31,
2015.
The
company
further
reports
its
unaudited
condensed
consolidated
financial
and
operating
results
for
the
interim
three-month
period
ended
June
30,
2015.
For
complete
disclosure
of
the
company's
interim
financial
results
and
management's
discussion
and
analysis,
please
go
to
SEDAR and
view
documents
listed
under
the
company's
name.
We seek Safe Harbor.
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