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TICKERS: PWR

Company Vies for New Brunswick Cannabis Contract
News Update

Source:

The opportunity is one of the largest in retail cannabis in Canada.

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.

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