Received by email:
File: VEG Aug 31, 2015.pdf
---> 9
Landport
Newport
Beach,
California
---> 92660
Phon
--->e:
949.903.5906
--->
For
Immediate
Release
August
31,
2015
Calgary,
Alberta
Canadian
Securities
Exchange
Symbol:
VEG
38,699,976
Common
Shares
Issued
CAPTIVA VERDE COMMENCES LARGE SCALE COMMERCIAL OPERATIONS
CALGARY,
ALBERTA
August
31,
2015.
Captiva
Verde
Industries
Ltd.
("Captiva
Verde"
or
the
"Company")
is
pleased
to
report
large
scale
planting
of
certified
organic
leafy
vegetable
operations
started
today,
at
the
Company's
Arizona
project.
Planting
begins
at
the
rate
of
65
acres
per
week
and
according
to
the
August
2nd,
2015
independent
report
by
an
Arizona
based
Professional
Agronomist,
expected
yields
will
average
around
7,000
pounds
per
acre
and
if
weather
conditions
are
favorable
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,
California
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
4th
quarter
financial
statements
for
the
period
ending
December
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
www.sedar.com
and
view
documents
listed
under
the
Company's
name.
On behalf of the Board of Directors of the Company and for further information, please contact:
Jeffrey Ciachurski Michael Boyd
Chairman and Chief Executive Officer Director
9 Landport, Newport Beach, Tucson, Arizona
California, USA 92660 Office: (502) 275-0979
Cell: (949) 903-5906 E-mail: azmboyds@aol.com
E-mail: Jeff@veg.net
--->
READER ADVISORY
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 use
--->d in
the preparation of the forward-looking statements may prove to be incorrect. All such forward-looking statements invol
--->ve
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 approv
--->al. 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 proce
--->eds,
the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.
--->
CAPTIVA
VERDE
INDUSTRIES
LTD.
9
Landport,
Newport
Beach,
California
92660
|
PH:
949.903.5906
-
2
-
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