Records Continuous Revenue Growth
TORONTO, Nov. 29, 2021 (GLOBE NEWSWIRE) — Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMVA; STUTTGART: NMVA), (“Captor” or the “Company”), is pleased to announce today the release of its Unaudited Condensed Interim Consolidated Financial Statements and MD&A for the three and six months ended September 30, 2021. In the six-month period, revenues from the sale of cannabis at the Company’s California dispensary network were $15,235,733, with the Company recording a gross profit of $5,179,829.
“We have seen significant growth quarter-over-quarter, as Captor continues to benefit from the geographic location and retail footprint of its dispensaries, and our highly trained staff,” said Captor Capital CEO, John Zorbas. “The retail locations are well-positioned in mature counties in California where adult use is both legal and popular. As more retail dispensaries are opened, Captor will benefit from economies of scale and will realize a direct impact to EBITDA while maintaining a consumer-focused approach.”
“The Company possesses sophisticated retail outlets and uses proprietary analytics to increase efficiencies and profitability,” said Adam Wilks, CEO of Captor Retail Group “Moreover, the physical locations are ideal to support a robust delivery platform, allowing for immediate access to some of California’s most densely populated markets without