Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Captiva Verde Industries Ltd ARDWF

"Captiva Verde Industries Ltd is primarily involved in the production and sale of organic greens and other organic produce. Its product portfolio comprises baby spinach, kale, lettuce, arugula, kale, chard, and mizuna. The company has two geographic segments - Canada and the United States."


GREY:ARDWF - Post by User

Post by calicheon Apr 30, 2016 2:55am
113 Views
Post# 24828348

1 million per month!

1 million per month!
1 million per month revenue plus startup costs out of the way.. 2016 should be a good one..

Q1 at 1 mil per month should be a 50% gain on Q on Q revenues then 2 mil per month starting in may at production capacity 500K per week

also i see the seed supplier has invested 660K in the debenture.. probably a good sign

CAPTIVA VERDE ANNOUNCES 2015 AUDIT RESULTS La Quinta, California – April 29, 2016 Captiva Verde Industries Ltd. (“Captiva Verde” or the “Company”) announces the completion of its 2015 Audit for the 12 months ended December 31st. Calendar 2015 reports our first period of commercial operations; it was only the last two months of the year where production happened in earnest. From an operating standpoint, given fine tuning of the equipment and processes during October, the last two months of 2015 were the first two months of steady sales. These two months averaged a million dollars per month. The majority of the Company’s product was sold on the spot market as we needed to display our capacity and ability to produce, on a large scale, in order to attract leading buyers in the industry. This major investment was made to the Company’s fields to showcase this production capacity. As a result, the Company finally achieved its business plan in 2016 and will only be planting product for contracted sales. To that end, the Company has finally secured 455,000 pounds per week in annual contract sales and is in discussions for an additional 120,000 pounds per week to fulfill its total production capacity of 500,000 to 600,000 per week. The previous unreliable, but necessary and temporary reliance on the spot market had a negative effect on the Company and resulted in acreage in Salome and the Imperial Valley being plowed under due to lack of contract sales and resulting in oversize spoilage throughout those two regions. These amounts plus the initial start up costs of the Company during its first year, have been written off against the first two months of sales. Copies of the Financial Statements and the accompanying Management Discussion and Analysis can be found on the company’s website www.veg.net and www.sedar.com The Company looks forward to a very exciting and rewarding 2016.
<< Previous
Bullboard Posts
Next >>