Captiva Verde Wellness and Miami Padel Club Update

Core Insights - Captiva Verde Wellness Corp. is making significant strides in the professional Padel sports market through its Miami Padel Club, aiming for a billion-dollar league valuation [4][17]. Company Updates - Tommy Sullivan and Chris Harvey have joined the advisory board to help secure partnerships with major league sports teams for the Miami Padel Club [2]. - The Miami Padel Club is wholly owned by Captiva Verde, which believes that ownership will lead to substantial revenue through gameplay, sponsorships, and broadcasting [4][17]. - The company has accepted the resignation of Ronnie Strasser as a director, acknowledging his contributions to the ownership of the Miami Padel Club [11]. Industry Insights - Padel is experiencing rapid growth, with over 25 million active players globally and a market value of approximately €2 billion annually [3][17]. - The Pro Padel League, North America's first Padel tour, features over 50 of the top 70 ranked players and has franchise locations in major cities [5]. - The Miami Padel Club won the first week of the Pro Padel League Championships, showcasing its competitive strength [13]. Market Potential - Captiva Verde plans to convert Padel players into shareholders of the Miami Padel Club, allowing them to participate in the financial success of the sport [18]. - The league has a strong social media presence with over 100 million followers across various platforms, enhancing its marketing potential [8].