Captiva Verde Announces Strategic Share Repurchase

Captiva Verde Land (TSE:PWR) has released an update.

Captiva Verde Wellness Corp. has announced a share repurchase agreement, which will see the return and cancellation of 89 million common shares and 55 million purchase warrants, as part of a strategic move to refocus on its core business from before its 2023 acquisition. The deal includes various ancillary agreements, including the settlement of liabilities and an option for further share sales, all contingent on regulatory approval.

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