Captiva Verde Land Corp. (PWR:CSE) announced in a news release that its subsidiary, Solargram Farms, is in the running, among Canada's largest, licensed cannabis producers, for the contract with the Province of New Brunswick to distribute and sell cannabis retail.
According to their request for proposal, province officials are seeking an operator of the entire network for up to 20 years (10 years with two optional 5-year renewals). A favorable bid will outline ways the winning company would tackle the current, major problems in the industry, including high pricing, limited retail distribution and illegal sales.
"By offering the entire network to one operator, this represents one of the most significant retail cannabis opportunities in Canada," Marc LeBlanc, president of Solargram Farms in New Brunswick, said in the release. "We strongly believe that Solargram Farms is the perfect strategic partner for this," given it produces high quality cannabis locally and organically.
[NLINSERT]Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Captiva Verde, a company mentioned in this article.
