GREY:ARDWF - Post by User
Post by
calicheon Apr 30, 2016 2:55am
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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.