Captiva Verde and Matnaggewinu Development Corp (MDC) Execute Binding Indigenous Water Supply Agreement with Rodd Hotel and Resorts

Rhea-AI Summary

Captiva Verde Wellness (CSE: PWR, OTC: CPIVF) and its 49% indigenous subsidiary, Matnaggewinu Development Corp (MDC), have signed a binding water supply agreement with Rodd Hotel and Resorts.

The agreement focuses on providing pure bottled water to Rodd's properties across Atlantic Canada, including premier golf destinations like Rodd Brudenell River Resort and Rodd Crowbush Golf and Beach Resort. The water will be sourced innovatively from coastal atmosphere rather than traditional groundwater, ensuring superior purity.

Key highlights:

• Water brand and logos are fully developed, awaiting first deliveries
• Plans to expand distribution to other hospitality and retail outlets across Canada
• Partnership with Rodd Hotels, Atlantic Canada's largest independent hotel operator since 1935
• CEO Mark Rodd emphasizes commitment to indigenous procurement and economic opportunities
• Focus on sustainable water sourcing without exploiting groundwater resources

Positive

• Strategic partnership with Rodd Hotels and Resorts, Atlantic Canada's largest independent hotel operator
• Secured binding water supply agreement for distribution across multiple premium hotel locations
• Access to established distribution network through Rodd's premier golf resorts and hotels
• Unique product differentiation: atmospheric water harvesting vs traditional ground water sources
• Potential for expansion into government, military, and private-sector markets

Negative

• Only 49% ownership stake in the subsidiary MDC
• Revenue projections and financial terms of the agreement not disclosed
• Initial distribution limited to Atlantic Canada region

Vancouver, British Columbia--(Newsfile Corp. - April 29, 2025) - Captiva Verde Wellness Corp. (CSE: PWR) (OTC Pink: CPIVF) ("Captiva Verde") a public company listed on the Canadian Securities Exchange under the trading symbol PWR and further listed on the US OTC Market under the trading symbol CPIVF announces that its 49% indigenous subsidiary, Matnaggewinu Development Corp (MDC) has executed a binding pure water supply agreement with Rodd Hotel and Resorts.

The agreement covers the purchase of pure bottled water by Rodd Hotel and Resorts that will be used at its various outlets across Atlantic Canada including its Premier Golf Resorts: the Rodd Brudenell River Resort and Rodd Crowbush Golf and Beach Resort. We plan to expand our distribution to various other hospitality and retail outlets across Canada. The specific brand name and logos have been fully developed and will be released to the public upon the first deliveries of pure water. The water will be in its purest form and will exceed the quality of any other commercial water product as our source will be created directly from the moist coastal atmosphere rather than ground water tables or rivers of unknown quality and composition.

Rodd Hotels and Resorts is Atlantic Canada's largest independently owned and operated hotel, operating numerous hotels across the region renowned for exceptional guest experiences and the promotion of regional tourism. With decades of experience in the hospitality sector, the CEO Mark Rodd brings a wealth of expertise in destination development, tourism strategy, and luxury resort operations. His proven track record in creating iconic tourism destinations will be invaluable in building out this indigenous pure water brand.

Rodd Hotels and Resorts is recognized as the premier provider of golf resorts and hotels in Atlantic Canada. Established in 1935, the company has earned numerous accolades from major golf publications, consistently ranking as the top golf resort destination in the region.

Mark Rodd, CEO of Rodd Hotel and Resorts, says: "We are honoured to deliver corporate leadership in indigenous procurement and advance indigenous economic opportunities wherever possible. Our leadership will help MDC expand its indigenous footprint into government, military and other private-sector markets, which fosters sustainable growth. My expertise in resort development, ownership and operations will further enhance indigenous innovation, sustainability, and enterprise development. We are honored to welcome Matnaggewinu as a key product vendor. There is a sacred uniqueness of creating pure drinking water from the atmosphere that is not only 100% sustainable and pure, but, in addition, does not require any exploitation of the precious remaining ground water tables."

About Matnaggewinu Development Corp (MDC)

Matnaggewinu Development Corp (MDC) is a Mi'kmaq-led development corporation that focuses on advancing economic opportunities, fostering self-sufficiency, and supporting Mi'kmaq communities through initiatives in affordable housing, health and wellness, pure drinking water, aerospace, defense, and sustainable infrastructure development. Founded by Nowlen Augustine, MDC is dedicated to creating long-term, sustainable economic growth for indigenous communities. MDC is 49% owned by Captiva Verde.

About Captiva Verde Wellness Corp.

Captiva Verde Wellness Corp. (CSE: PWR) (OTC Pink: CPIVF) is a publicly traded company listed on the Canadian Securities Exchange and the US OTC Market. The company focuses on sustainable housing, health, and wellness initiatives in Indigenous communities and is expanding into aerospace, defense, and space systems. Captiva Verde partners with organizations like MDC to promote economic reconciliation and self-sufficiency.

On Behalf of the Board of Directors,

"Jeff Ciachurski"

Jeffrey Ciachurski
Chief Executive Officer and Director
Cell: (949) 903-5906
E-mail: westernwind@shaw.ca

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities laws and United States securities laws (together, "forward-looking statements"). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expansion of Captiva's health and wellness platform.

Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget", "propose" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A (a copy of which is available under the Company's SEDAR+ profile at www.sedarplus.ca). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250077

FAQ

What is the water supply agreement between CPIVF and Rodd Hotels in April 2025?

Captiva Verde's subsidiary MDC signed a binding pure water supply agreement with Rodd Hotels to provide atmospheric-sourced bottled water to their Atlantic Canada properties, including premier golf resorts Brudenell River and Crowbush.

How will CPIVF source and distribute water to Rodd Hotels resorts?

CPIVF will extract pure water directly from coastal atmosphere, not groundwater or rivers, ensuring higher quality than other commercial water products. Distribution will start with Rodd Hotels' outlets across Atlantic Canada, with plans to expand to other hospitality and retail locations.

What makes CPIVF's water supply partnership with Rodd Hotels unique?

The partnership is unique because it creates pure drinking water from atmosphere instead of exploiting groundwater, making it 100% sustainable. It also represents a significant indigenous procurement initiative in Atlantic Canada's hospitality sector.

Which Rodd Hotels properties will receive CPIVF's water products?

CPIVF's water will be supplied to Rodd Hotels' properties across Atlantic Canada, specifically including their premier golf resorts: Rodd Brudenell River Resort and Rodd Crowbush Golf and Beach Resort.

What are the expansion plans for CPIVF's water distribution beyond Rodd Hotels?

CPIVF plans to expand distribution beyond Rodd Hotels to various hospitality and retail outlets across Canada, with potential expansion into government, military, and other private-sector markets.