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Captiva Verde Land Corp. (CSE:PWR) New Listing

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Captiva Verde Land Corp., a real estate company, is one of the latest new listing on the Canadian Securities Exchange, trading under the symbol “PWR”.

Additional Information:

Company: Captiva Verde Land Corp.
Stock Symbol: CSE: PWR
Date Published: Oct 10, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Captiva Verde Land Corp., a real estate company, is one of the latest new listing on the Canadian Securities Exchange, trading under the symbol “PWR”.

The company raised gross proceeds of $500,000 through a placement of 5 million shares priced at $0.10 per share, with PI Financial Corp acting as sole agent on the prospectus offering.

Through an agreement with Greenbriar Capital LLC, the company acquired a 50% undivided interest in a property located in Tehachapi, California.

In consideration for the acquisition, the company issued 10,678,500 shares at a deemed price of $0.20 per share.

The property is located ½ mile south of the City of Tehachapi’s central business district.

Since Greenbriar’s acquisition of the property in 2011, Greenbriar has partnered with a local farmer who farms the property for organic spinach and kale.

Greenbriar has changed the zoning to Neighborhood General which provides for a variety of single-family and multiple family housing choices which allows for a wide range of design and density options.

The company plans to engage with Greenbriar to seek approval for a revised subdivision on the property and to market the property for sale to prospective builders and other developers.

The company expects that it may take between two to seven years to complete the sale of the property.

The shares are currently trading at $0.09.

For more information, please contact Jeffrey Ciachurski, CEO, at 949-903-5906 or email westernwind@shaw.ca.

I’m Samantha Deutscher for Investmentpitch Media