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Enter Symbol
or Name
USA
CA



Captiva Verde Industries Ltd
Symbol VEG
Shares Issued 38,699,976
Close 2015-06-01 C$ 0.255
Market Cap C$ 9,868,494
Recent Sedar Documents

Captiva Verde Industries starts planting at Arizona

2015-08-31 06:30 ET - News Release

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.

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