Nuffoods Spectrum India

Captiva Verde to acquire Solargram Farms Corporation

12 March 2019 | News

The acquisition includes land assets, growing assets, proprietary IP and technological expertise necessary to successfully run and operate multiple planned outdoor farm grown organic cannabis site operations

Captiva Verde Land Corp., is pleased to announce that negotiations have commenced to acquire Solargram Farms Corporation ("Solargram"), a Canadian controlled private corporation. Captiva Verde is anticipating taking an ownership interest in a world class team of experienced operators and growers in addition to a planned full spectrum cannabis oil extract processor of high grade Canadian outdoor organically farmed cannabis using natural farm inputs.

The Solargram team has over 40 years of combined industry specific, non-stop operating, growing and processing experience in a specific regional market that, taken together, has over 125 years of collective business experience.

The acquisition includes land assets, growing assets, proprietary IP and technological expertise necessary to successfully run and operate multiple planned outdoor farm grown organic cannabis site operations together with its planned related full spectrum cannabis oil concentrate processing facilities.

The conclusion of the negotiations is contingent on Solargram's receipt of Canadian Health Canada cannabis cultivation and processing licenses from the Canadian Federal Government for its planned outdoor cannabis outdoor grow operations and its state of the art planned extraction facility in Moncton, NB.

Less than 4% of Canada's current cannabis products are derived from outdoor operations. Sun grown outdoor plants are lower cost with consistent high yields and potency, providing patients with an opportunity to choose from a selection of natural and healthier products than what the market currently offers.

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