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Captiva Verde (CSE:PWR) shares updates on cannabis operations for Q1 2021
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  • Captiva Verde (PWR) has released a series of updates for Q1 2021 including new products, sustainable housing and increased crop yields
  • The company is in the final stages of Health Canada approval to sell and distribute Solargram Farms cannabis
  • Captiva's grow team has begun to propagate over 14,000 plants for outdoor crop planting in June
  • Sage Ranch, the company's 1,042 unit California subdivision, is in the final stages of development
  • Captiva Verde is a real estate company that invests in green residential communities, disruptive manufacturing facilities, organic food production and hemp seed oil operations
  • Captiva Verde (PWR) is up 2.13 per cent and is currently trading at $0.24 per share

Captiva Verde (PWR) has released a series of updates for Q1 2021 including new products, sustainable housing and increased crop yields.

Solargram Farms

The company will finalize a site documentation package and a site inspection before its final submission to Health Canada to sell Solargram Farms cannabis in provincially run retail locations.

Solargram filed ten trademark applications, including various logos, to legally protect brands coming to market this year.

The company's first three products destined for the Canadian marketplace this summer are:

  • 7 DAZE, a seven joint multipack hand crafted from whole flower
  • Golden Cross CDB, a 30 ml CBD tincture formulated with high-concentrate CBD isolate
  • Novel Pure Vape, a high-demand vape product acquired from Novel Pure Vapes

A national sales agency is finalizing Captiva's cross-country sales distribution initiative for maximum market penetration.

Captiva's grow team has also begun to propagate over 14,000 plants for outdoor crop planting in June. The company has purchased 15 additional hoop houses to support a planned 30-40 per cent increase in crop yield per acre.

International Projects

The company previously announced a contract with the Mexico Health Care Workers Union to supply up to US$139 million of health and wellness products per year.

The initial product run will be for 360,000 bottles of a natural immune-boosting stimulant.

The company anticipates the final sales price to the union to be between US$13 and US$14 per bottle. There are three additional products ready for market after the initial launch.

Real Estate

Sage Ranch, the company's 1,042 unit California subdivision, is in the final stages of development. The property is designed as a sustainable community that emphasizes walkability and green spaces.

Captiva Verde is a real estate company that invests in green residential communities, disruptive manufacturing facilities, organic food production and hemp seed oil operations.

Captiva Verde (PWR) is up 2.13 per cent and is currently trading at $0.24 per share as of 1:34 pm ET.

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