Captiva Verde Wellness and Miami Padel Club Update

Vancouver, British Columbia–(Newsfile Corp. – July 2, 2024) – Captiva Verde Wellness Corp. (CSE: PWR) (OTC Pink: CPIVF) (“Captiva Verde”) is a publicly traded company listed on the Canadian Securities Exchange under the trading symbol PWR and is also listed on the US OTC market under the symbol CPIVF announces several corporate updates.

The Board of Directors accepts the resignation of Ronnie Strasser as Director of the Company effective July 2^and2024. Captiva Verde thanks Ronnie for his vision in giving Captiva Verde 100% ownership of the Miami Padel Club. Miami is the most important Latin American cultural center in North America, where everything intersects.

Tommy Sullivan and Chris Harvey have joined Captiva Verde’s Advisory Board to assist the company in recruiting professional major league sports teams as key joint venture, co-ownership, financing and co-marketing partners for our Miami Padel Club.

In 2023, the New York Yankees announced they have partnered with A1 Padel to bring their first US tournament to Wollman Rink in October. Padel is one of the fastest growing sports in the world and the tour has held more than 50 events around the world, including Spain, Monaco, Brazil, Mexico and South Africa. They are now working with the Yankees to expand the padel presence in the US.

There are 25 million padel players around the world. The Miami Padel Club is a publicly traded company that offers the opportunity to grow the sport in North America. According to the International Padel Federation (FIP), there will be more than 25 million active players in over 110 countries worldwide in 2023. Padel is worth about 2 billion euros annually. Qatar Sports Investments (QSI), a subsidiary of the Qatari sovereign wealth fund, has acquired the World Padel Tour (WPT) from the Spanish Damm Group.

Miami Padel Club was the winner of the first week of the second season of the Pro Padel League Championships. The first round of the championship took place from April 2nd to 14th at the Ultra Club in Miami, our hometown of Miami Padel Club.

Miami Padel Club is 100% owned by Captiva Verde. Captiva Verde management believes that ownership of Miami Padel Club and the associated gameplay, sponsorships, broadcasts and eventually legal sports betting will result in a multi-billion dollar valuation of the sports league, with Miami being the most valuable team in the entire league. Miami Padel Club is the only publicly traded public company in the entire padel world.

The Miami Padel Club of the Pro Padel League

The story goes on

The Pro Padel League was founded by entrepreneurs Keith Stein and Marcos Depillar. The PPL is North America’s first padel tour modeled on the franchise concept of a professional sports team. The 2024 season will feature over 50 of the world’s top 70 players. Franchise locations include Miami, New York, Los Angeles, San Diego, Las Vegas, Cancun, Houston, Arkansas, Orlando and Toronto.

Broadcast partners for the 2024 season include PPL YouTube live, Game+, Bally’s Sports, Caffeine TV and Fox Espanol in North America and DAZN, Claro Sports, Fox Sports Argentina, PX Sports, TV Azteca and Eurovision Sport internationally.

Miami is proud to have the best male player in the world, Agustin Tapia. In the men’s category, Jon Sanz, Ruben Rivera, Adria Mercadal, Jose Azripe and Matteo Coles follow.

In the women’s category, Miami has the best player in the world, Ariana Sanchez, followed by Marta Talavan, Nuria Rodriguez and Paloma Cortina.

Week 1 lasted from April 2 to 7 and Miami was the league champion and took first place.

Presence in social media

Together with the team owners, their respective players and ambassadors, there are over 100 million followers across all social media platforms, giving the league a solid social media presence.

Share ownership

With 25 million active players around the world, all of these players now have the opportunity to become a shareholder of Miami Padel Club (Captiva Verde). Management will present a plan in the near future to convert as many padel players around the world as possible into shareholders of Miami Padel Club (Captiva Verde) so that they can share in the financial success of their fast-growing sport.

Detailed information about the Pro Padel League can be found at: https://propadelleague.com.

Jeff Ciachurski, CEO of Captiva, explains: “We are deeply honored and committed to owning this professional sports team within the fastest growing sport in the world. Captiva Verde is the only publicly traded public company representing the professional sport of padel, which is a €2 billion annual revenue player worldwide. This is in addition to our infrastructure health and wellness platform. This represents tremendous additional growth for Captiva Verde shareholders.”

On behalf of the Board of Directors

“Jeff Ciachurski”

Jeffrey Ciachurski
Chief Executive Officer and Director
Cell: (949) 903-5906
Email: [email protected]

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 contains “forward-looking statements” and “forward-looking information” within the meaning of Canadian and United States securities laws (collectively, “forward-looking statements”). All statements other than statements of historical fact included in this news release are forward-looking statements, including, but not limited to, statements with respect to the expansion of Captiva’s health and wellness platform, the growth of the padel market and the appointment to Captiva’s Advisory Board.

Forward-looking statements include predictions, projections and forecasts and can often, but not always, be identified by the use of words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “potential,” “goal,” “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, including the negative thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management given the nature of the business and markets in which the Company operates, are inherently subject to significant operational, economic and competitive uncertainties, risks and contingencies. These include, but are not limited to, assumptions with respect to: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and produce 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 are 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 undertakes no obligation to update or revise any forward-looking statements, except in accordance with applicable law.