RE:RE:RE:RE:RE:RE:RE:RE:Wow! Offer for almost 4x our market capHere is the joint venture 50/50 with PWR
Boise, Idaho--(Newsfile Corp. - October 16, 2018) - Greenbriar Capital Corp. (TSXV: GRB) ("Greenbriar") announces that it has formed a joint venture with Captiva Verde Land Corp ("Captiva") to co-develop its 1,100 lot residential real estate project in California. Captiva is a newly listed Life Sciences company on the Canadian Securities Exchange with a mandate to invest in land assets that contain green residential communities, disruptive manufacturing facilities, organic food production and Cannabis operations. Captiva has just issued 10,687,500 of its common shares to Greenbriar and will incur all of the development costs to earn a 50% interest in and to the project.
The Project is in final stages of principal design and engineering and will submit completed plans to the governmental agencies very shortly. The construction cost of the homes will be borne through non-recourse project level financing that prevents dilution to both shareholders of Greenbriar and Captiva. The Project has a capital cost of US$350 Million and profits will be split 50/50 between both parties. The joint venture has several benefits to the Greenbriar shareholders: