Captiva Verde Land Corp Announces Legalization in Mexico
Coquitlam, British Columbia--(Newsfile Corp. - November 1, 2018) - Captiva Verde Land Corp (CSE: PWR) (the "Company"), is pleased to announce that last night, the Supreme Court of Mexico has handed down a ruling legalizing cannabis for all forms of adult use. This is significant for Captiva to acquire from Mexican landowners, land and permits for the cultivation, processing and distribution of cannabis and hemp products.
This ruling puts Captiva at a competitive advantage, due to the fact that cannabis and hemp related activities will likely need to move to Mexico, due to lower production costs. Canadian and US higher production costs and government tax rates in those countries will make cannabis products less affordable in those countries.
Captiva Verde Land Corp is a sustainable real estate company that invests in assets that contain green residential communities, disruptive manufacturing facilities, organic food production and Cannabis operations. Captiva is listed as a Life Sciences company on the Canadian Securities Exchange under the symbol PWR.
On Behalf of the Board of Directors
"Jeff Ciachurski"Jeffrey Ciachurski
Chief Executive Officer and Director
Cell: (949) 903-5906
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Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "anticipates", "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.