Captiva Verde Land Corp. (CNSX:PWR) executed an exclusive and formal acquisition agreement to acquire worldwide rights for Miss Envy Brands from Miss Envy Design Group for CAD 1.9 million on November 13, 2019. The acquisition includes product formulations including intellectual property, manufacturing, marketing, sales and distribution of CBD and cannabis related products. As consideration, Captiva Verde Land will issue 8 million shares on certain performance milestones, that is, 2 million shares will be paid on the commencement of legal sales anywhere in the world, 2 million shares on the next CAD 5 million in sales, 2 million shares on every CAD 5 million increase thereafter for a total of 8 million shares and a lifetime royalty of 20% of the product sales net profit cash flow. The acquisition is subject to Canadian Securities Exchange approval. Captiva Verde Land Corp. (CNSX:PWR) cancelled the acquisition of worldwide rights for Miss Envy Brands from Miss Envy Design Group on August 28, 2020.