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Captiva Verde Wellness Corp
Symbol	PWR
Shares Issued	182,491,067
Close 2023-06-22	C$ 0.03
Market Cap	C$ 5,474,732
Recent Sedar+ Documents

Captiva Verde, Greenbriar settle Sage Ranch JV deal

2023-06-22 16:39 ET - News Release

Also News Release (C-GRB) Greenbriar Capital Corp

Subject: Captiva Verde Wellness Corp. - News Release (June 22, 2022) PDF Document File: Attachment Captiva - Announces Sage Ranch Option Agreement Settlement with Greenbriar (June 2023).pdf CAPTIVA ANNOUNCES SETTLEMENT OF SAGE RANCH OPTION AND JOINT VENTURE AGREEMENT WITH GREENBRIAR CAPITAL CORP. Coquitlam, British Columbia (June 22, 2023) Captiva Verde Wellness Corp. (the "Captiva") (CSE: PWR), is pleased to announce that Captiva and Greenbriar Capital Corp. ("Greenbriar") have tentatively agreed on a settlement of the Sage Ranch option and joint venture agreement ("Option and Joint Venture Agreement"). Pursuant to the terms of the Option and Joint Venture Agreement, Captiva would earn a 50% net profits interest in Sage Ranch by: 1. Captiva paying Greenbriar a cash payment of $112,500 (the "Cash Payment") (Captiva satisfied this payment in 2018 under the terms of the Sale Agreement); 2. Captiva issuing Greenbriar common shares (the "Share Payment") (Captiva satisfied this payment in 2018 through the issuance of 10,687,500 common shares under the terms of the Sale Agreement); and 3. Captiva funding the applicable permitting and development costs for the Sage Ranch Project (Captiva is in default on such funding obligations as no funding has been provided since November 2021). Greenbriar and Captiva have agreed that Greenbriar will pay Captiva 10% of Sage Ranch's net profit per year until the $5,591,588 that Captiva has spent on the property is repaid. Subsequent to the amount being repaid, Captiva will no longer have any further interest in the Sage Ranch project. On Behalf of the Board of Directors "Jeff Ciachurski" Jeffrey Ciachurski Chief Executive Officer and Director Cell: (949) 903-5906 Email: westernwind@shaw.ca Cautionary Note Regarding Forward Looking Information This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward- looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. - 2 - Forward-looking statements may include, without limitation, statements related to future developments and the business and operations of the Company and the use of the net-proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release. Word Document File: '\\swfile\EmailIn\20230622 125933 Attachment Captiva - Announces Sage Ranch Option Agreement Settlement with Greenbriar (June 2023).docx' - 2 - CAPTIVA ANNOUNCES SETTLEMENT OF SAGE RANCH OPTION AND JOINT VENTURE AGREEMENT WITH GREENBRIAR CAPITAL CORP. Coquitlam, British Columbia (June 22, 2023) - Captiva Verde Wellness Corp. (the "Captiva") (CSE: PWR), is pleased to announce that Captiva and Greenbriar Capital Corp. ("Greenbriar") have tentatively agreed on a settlement of the Sage Ranch option and joint venture agreement ("Option and Joint Venture Agreement"). Pursuant to the terms of the Option and Joint Venture Agreement, Captiva would earn a 50% net profits interest in Sage Ranch by: Captiva paying Greenbriar a cash payment of $112,500 (the "Cash Payment") (Captiva satisfied this payment in 2018 under the terms of the Sale Agreement); Captiva issuing Greenbriar common shares (the "Share Payment") (Captiva satisfied this payment in 2018 through the issuance of 10,687,500 common shares under the terms of the Sale Agreement); and Captiva funding the applicable permitting and development costs for the Sage Ranch Project (Captiva is in default on such funding obligations as no funding has been provided since November 2021). Greenbriar and Captiva have agreed that Greenbriar will pay Captiva 10% of Sage Ranch's net profit per year until the $5,591,588 that Captiva has spent on the property is repaid. Subsequent to the amount being repaid, Captiva will no longer have any further interest in the Sage Ranch project. On Behalf of the Board of Directors "Jeff Ciachurski" Jeffrey Ciachurski Chief Executive Officer and Director Cell: (949) 903-5906 Email: westernwind@shaw.ca Cautionary Note Regarding Forward Looking Information This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements may include, without limitation, statements related to future developments and the business and operations of the Company and the use of the net-proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.