Captiva Verde Wellness Corp C.PWR

Captiva Verde Wellness Corporate Update

[Stockdale99]

Vancouver, British Columbia--(Newsfile Corp. - August 26, 2024) - Captiva Verde Wellness Corp. (CSE: PWR) (OTC Pink: CPIVF) ("Captiva Verde") a public company listed on the Canadian Securities Exchange under the trading symbol PWR and further listed on the US OTC Market under the symbol CPIVF announces the following updates:
The company has arranged with a European based finder, Cormel Capital LLC, a private placement of 150 million units at $0.02 per unit subject to CSE approval. Each unit comprises one full common share and one full common share purchase warrant entitling each full warrant to convert to a full common share for a price of $0.05 per warrant for 3 years.
The use of proceeds will be for general working capital and to start the development of badly needed affordable homes on the company's 100% owned debt free 130-acre property located in New Brunswick.
In addition, the company has been in negotiations with Ronnie Strasser and his nominees (collectively "RS") for the Company to sell back to RS, the Miami Padel team for various considerations including the return by RS of 89 million shares and 55 million warrants to the treasury for cancellation as well as RS and his nominees making available for purchase an additional 37 million shares of Captiva.
If such negotiations are not fruitful, the Company will place for sale the entire Miami Padel Team and its marketing rights to the highest bidder through a sales process involving several agents. The Company was in Miami earlier this month, scoping some of the potential buyers. The company will then remain in the real estate business as per its original mandate with the CSE.
On Behalf of the Board of Directors
"Jeff Ciachurski

[shneps]

Wow, three million dollars. Consulting fees and bonuses for the management team, yay!!!!   https://propadelleague.com/miami-padel-club/ Note two things from the above link:  1. Captiva Verde is not the owner, Ronnie Strasser is. 2. Greenbriar Capital is not a sponsor of the team. That is just hilarious to think that he is going to build "affordable houses" on agricultural

[shneps]

Maybe, seeing as Ronnie has Ciachurski over a barrel we should just dispose of Jeff and have Strasser take over as CEO. He could work with his brother Henry (who owns the Las Vegas Smash Padel team) and actually run a company for the shareholders. Las Vegas is the top team currently. His other brother Alex is a consultant for PWR already. Much better idea then building sustainable houses in the

[Ripple1]

The news release isn't funny it's hilarious.    sage ranch worked so well let's copy that formula and repeat it in NB.  The second funniest part was about scoping potential buyers in Miami in case they can't come up with a deal to sell it back to Strasser.  I'll eat my hat and boiled sneakers if Strasser doesn't end up with the padel club.  Strasser