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Volume 7k shares at $0.18 ...volume building!
Volume 17 shares at $0.18
2 stores. That is one more than Planet 19.
market cap 8,598,264 - annualized revenue 17,000,000
annualized operating loss 56,000,000
The Q says they spent 13,000,000 doing 4,000,000 in sales.
not that good.
https://www.otcmarkets.com/stock/cptrf/financials
OTC DISCLOSURE & NEWS SERVICE
Captor Capital Reports Higher Revenues and Lower Expenses in Unaudited Interim Financial Statements for the Three Months Ended September 30, 2019
Company’s dispensary network recorded a gross profit of $1,723,877 during the three month period ending September 30
Both revenues and margins up quarter over quarter
TORONTO, Dec. 02, 2019 (GLOBE NEWSWIRE) -- Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMV; STUTTGART: NMVA; USOTC: CPTRF), ("Captor" or the "Company"), an integrated cannabis company, today released its interim financial statements and quarterly MD&A for the three months ended September 30, 2019. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.
The Company was a cannabis focused investment and merchant banking company. During the year ended March 31, 2019, the Company made certain acquisitions in the cannabis industry and changed its strategy. Effective August 3, 2018, the Company was deemed to be an operating company engaged in the retail sale of cannabis products.
The objective of the Company is to provide its shareholders with long-term capital growth by improving the operating efficiencies, profits and market share of its current operations through the acquisition of additional revenue generating cannabis assets.
Management Commentary
As we approach the end of the 2019 calendar year, the company is singularly focused on a mission to improve profitability by reducing costs while implementing low capital methods of maximizing current revenue streams and exploring low capital investment options to create new revenue streams.
The current financial results, with significant increases in both gross margins and revenues generated through the Company’s dispensary networks in this quarter compared to the quarter previous, demonstrate the strategy is being implemented successfully.
Much progress has been made over the past 15 months since the Company changed strategies to become a cannabis-focused company. In that time we have entered and solidified our position in the retail cannabis sector in California – the world’s largest legal cannabis market.
While costs have been high over that period, they have been for the most part exceptional one-off investments and fees associated with implementing new strategies and processes, while building both the internal capacity and experience necessary to succeed in a new, and potentially very lucrative, market for the company.
Entering the 2020 calendar year, we will continue to work diligently to right-size our organization in a way that manages expenses while still positioning the Company for further growth. In an effort to better serve our stakeholders, with a particular emphasis on our investors, we will intensify our efforts to decrease cost, while increasing revenues and cash flow.
We believe the cannabis sector still presents incredible opportunities and we will continue to execute on our plan to become profitable by focusing purely on revenue generating operations. Our increased focused on decreasing costs in the drive towards increasing profitability will better position us to navigate market fluctuations in the near term, while maintaining the flexibility and agility to continue to grow the company moving forward.
Financial Highlights For The Quarter Ended September 30, 2019
During the three months ended September 30, 2019, the Company recorded a gross profit of $1,723,877, or $0.04 per share, from the sale of cannabis at its retail dispensaries compared to $nil in the 2018 comparative period when the company was an investment and merchant banking company.
General and administrative expenses decreased from $6,239,241 for the three months ended September 30, 2018 to $3,225,183 for the three months ended September 30, 2019.
During the six months ended September 30, 2019, the Company recorded a gross profit of $2,065,008, or $0.05 per share, from the sale of cannabis at its retail dispensaries compared to $nil in the 2018 comparative period when the company was an investment and merchant banking company.
Corporate Highlights For The Three Months Ended September 30, 2019
Dene Rogers appointed CEO of Captor Capital Acquisition Corp.
In November 2019, the Company appointed Bryan Reyhani and Mark Klein to the Board of Directors as independent directors. In addition, Alex Dementev resigned from the Board for health reasons.
Retail and Manufacturing Highlights:
Captor has been able to achieve a base position in the California cannabis industry as a direct result of having sourced prime retail locations at Chai Santa Cruz and Chai Castroville. These stores have a multi-year operating history and a stable and consistent customer base. A key driver of the Chai retail model customer loyalty has been consistent strong customer service which is led by its well-trained bud tender workforce.
The bud tenders guide Captor’s customer base through a variety of cannabis product options to help them find the products which best work for them. This customer interaction has helped Chai to maintain consistent market share even as the competition has grown in the respective markets in which the stores operate.
The next step in Captor’s retail market strategy will be to expand the floor space available as well as upgrade the design and aesthetics of the Chai brand of dispensaries. The goal of this redesign is to create a standardized experience whilst maintaining a bespoke look tailored to the culture of the local market. Management believes that the upgrades, in particular the floor space expansion, will have a material effect on revenue growth and the profitability of the Chai stores.
The Company will also be providing additional resources and support to expanding and improving its current direct to consumer delivery service. The direct to consumer model allows the Company to leverage its bricks and mortar store to deliver products to a much larger customer base with minimal incremental costs. Having the current geographic cluster of stores allows management to achieve maximum impact under the current delivery manifest rule limitations.
Captor will also seek to develop its own proprietary cannabis products, which it will sell into the market. Certain products that the Company owns will only be sold in Captor owned dispensaries and delivery service. Management believes that having an exclusive set of high quality bespoke products in its retail stores will further protect its current market share and lead to material new customer acquisition.
Delivery and Technology Highlights
Delivery: The Company is in the final stages of testing its Beta e-commerce site, with plans to officially launch a same-day delivery service backed by a significant marketing campaign early in 2020. In the interim, the company has been making deliveries as part of the Beta testing program and has been very pleased with the results and the Company’s ability to consistently offer delivery customers best-in-class product selection with expedited delivery times.
Loyalty Program: The Company is in the process of creating and implementing a customer loyalty program. The program will be available to customers shopping at all CHAI Cannabis Co. dispensaries and those making online order through the Company’s e-commerce platform. The service is expected to launch in Q1 2020.
Plan to Achieve Positive EBITDA:
Current EBITDA includes corporate overhead for legal and professional services, which have been necessarily high due to the change of business and changes in accounting practices undertaken by the company.
It is expected as the company moves forward the legal and professional fees will remain at a lower level, thereby relieving downward pressure on EBITDA.
Simultaneously, the company is working diligently to further reduce corporate overhead.
The Company is also implementing a number of strategies designed to increase revenues by improving same store performance.
Outstanding Shares
39,623,338
10/04/2019
down 14% more today on 7k shares traded
Awesome!
23 cents!
28 cents!
$CPTRF Tier_Change: Pink Current to OTCQX International
OTCM Link
https://www.otcmarkets.com/stock/CPTRF/disclosure
53 cents!
Still holding? Interesting move.
CPTRF Matt Longo, Chief Operation Officer and Head of Cultivation at Hempistry..
CPTRF Matt Longo, Chief Operation Officer and Head of Cultivation at Hempistry..
Posted earlier that i think NUGS/SGMD/CPTRF are the potential Hempistry players, in that order, but could easily interchange..Following each in hope to quickly capitalize on one or more when initial mgmt team news/roles released by Hempistry, and certainly anticipate update soon prior to planting.
Hempistry did a 100 acre 2018 hemp pilot program, results 20k prime flower ($35-40/lb?) and 450k biomass ($3.50/lb?)... https://www.prnewswire.com/news-releases/hempistry-to-accept-bids-for-ultra-premium-high-cbd-kentucky-hemp-crop-harvest-now-underway-in-hopkins-county-kentucky-821838742.html .nearly $2.4m.Same ratio with reported 2600 acre 2019 harvest indicates nearly $62m revenues, and Hempistry pumps additional future acreage commitments to 23k acres..$548m cultivating potential if accurate? Granted, 23k acres seens like a far fetch, but Hempistry did expand quickly from 100 to 2600 acres in one season..and Western Kentucky offers plenty of prime rural farmland.
SGMD released $1m commitment news earlier for Hempistry marketing/product supply rights..Mums the word so far with NUGS, just a Hempistry Facebook photo of Hempistry's "our team", which several have indicated is SGMD CEO Jimmy Chan and Simon Yu & NUGS posse..and dont forget privately owned Patrick McMahon's P&S Ventures potential..CPTRF not responding to inquiries..an earlier Nov2018 press release indicated CPTRF Matt Longo is /was? Hempistry COO, not sure of today's relationship..https://captorcapital.com/our-team/ ..and btw,CPTRF just made a significant Michigan cannabis investment.
Imo, Hempistry has ingredients to be the real deal..
KY hemp licensing website portal info not 100% inclusive, but only two hemp grow licenses listed for (Madisonville) Hopkins County,KY ard both for Mark Metcalfe, owner of Metcalfe Nursery & Landscaping.
Here is a link for KY licensed Seed & Transport list...Could prove to be quite profitable for the recently announced SGMD/Hempistry micropropigation supply contract..Hempistry going to grow seedlings for other hemp operations? ..https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.kyagr.com/marketing/program_id/73/documents/HEMP_OV_2019_Seed_and_Tranplant_Providers_List_3.29.19.pdf&ved=2ahUKEwjA-_r53ezhAhVHSq0KHRpICQgQFjACegQIARAB&usg=AOvVaw0yWkDvDQSyFFRUsIOhIiVl
And here is KY 2018 licensed hemp growers link..Scroll down and you'll notice only two Hopkins County,KY approvals listed..both under Mark Metcalfe..
https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.kyagr.com/marketing/documents/HEMP_OV_License-Holder-List_2018.pdf&ved=2ahUKEwjRz6ba7OzhAhVNQq0KHancDCUQFjAAegQIBBAB&usg=AOvVaw1980c_P1LDhJ3v4NvOxGWF
Interested investors can review Hempistry's FB site and photos..Appears to be a pretty healthy operation...and under direction of established 33 year landscaping businessman Mark Metcalfe? https://m.facebook.com/hempistryinc/
Mark's Nursery FB site..https://m.facebook.com/metcalfelandscaping/
..and photo of Mark receiving honorary award from KY Farm Bureau..where he happens to be Hopkins County division Sec/Treasurer..:) https://surfky.com/images/article_images/Article_specific/2018_10/Metcalfe.jpg
Lastly, returning to the Hempistry FB photo introducing "our team"..which appears to include SGMD Jimmy Chan, (NUGS website photos) Simon Yu & posse, and imo, the "suit" wearing glasses is Hempistry Treasurer David Jackson, former Madisonville KY 8 years City Mayor..
https://app.sos.ky.gov/ftshow/(S(n2icdhnnltwkyqwzdqy2ldzd))/default.aspx?path=ftsearch&id=1037932&ct=09&cs=99999&ce=89iqFIgF9nk4BXPBM88B0uM9ozLUUSF0y07RcQW7LELeYdU6a1ZncvqMX%2biVVVQyHempistry locking in the Good Ol' Boy old school network..which is very much alive in rural KY, including Hopkins County 50k population..:)
https://m.facebook.com/hempistryinc/photos/a.486920711837209/518803801982233/?type=3&source=54. ..taking a dumb ass guess that the older two gentleman wearing caps are landowners/farmers?
...and can't ignore the sleeper potential of Patrick McMahon's P&S Ventures..He is listed in initial fundraising Hempistry Edgar filing as CEO..Holds several CA cannabis licenses and OG Collective Cathedral City,CA mj dispensery..
https://www.sec.gov/Archives/edgar/data/1746739/000152013818000197/xslFormDX01/primary_doc.xml
https://www.google.com/search?q=og+collective+cathedral+city&oq=og+&aqs=chrome.0.69i59l2j69i61j69i57j0.1660j0j7&client=tablet-android-att-us&sourceid=chrome-mobile&ie=UTF-8#fid=0x80db03285be2e341:0xa2dfcdd4f30d7e2f&fpstate=luuv&imagekey=!1e10!2sAF1QipNzXZMXPEoWIDnQMAqP4wkR9juUgkqPXh5lQxOB&viewerState=ga
https://www.marijuanaventure.com/living-dream-patrick-mcmahon/
*imo..:)
Captor Capital Enters Into Letter of Intent to Acquire Majority Ownership in Michigan Cannabis Opportunity
https://www.globenewswire.com/news-release/2019/04/09/1799604/0/en/Captor-Capital-Enters-Into-Letter-of-Intent-to-Acquire-Majority-Ownership-in-Michigan-Cannabis-Opportunity.html
20 retail cannabis licenses
Two processing licenses
Eight cultivation licenses
TORONTO, April 09, 2019 (GLOBE NEWSWIRE) -- Captor Capital Corp. (CSE: CPTR; USOTC: CPTRF; FRANKFURT: NMV; STUTTGART: NMVA), ("Captor" or the "Company"), a vertically integrated investment company focused on cannabis, is pleased to announce that it has entered into a Letter of Intent ("LOI") to form a Joint Venture Company (“JVCo” or “joint venture”) with Green Buddha Group LLC (“Green Buddha”), a company with significant cannabis assets in Michigan, including retail operations currently generating sales, and cultivation and manufacturing facilities presently under development.
In accordance with the terms of the LOI, Green Buddha will transfer to JVCo Michigan licenses to operate 20 retail medical cannabis retailers, two licenses to operate a cannabis manufacturing, processing, and extraction facility, and eight licenses to operate a 325,000 sq. ft. cannabis cultivation facility (the “Michigan Licenses”). Captor has agreed to provide JVCo a convertible loan to fund the exploitation of the Michigan Licenses and the build-out and operation of JVCo’s retail processing and cultivation facilities. The loan is convertible into 50.1 per cent of the issued and outstanding shares of JVCo. Upon conversion of the loan, Green Buddha would own 49.9 per cent of JVCo.
“Our new joint venture with Green Buddha Group will allow us to strengthen our primary strategic focus of acquiring revenue generating cannabis-based companies with great potential for profit and with top quality operations and an experienced management team,” said Captor Capital CEO, John Zorbas. “This investment will also give Captor entry into the potentially lucrative cannabis market in the state of Michigan.”
Michigan is the third largest cannabis market in the United States and is the 10th state to legalize recreational marijuana for adult-use. It is estimated that recreational sales of cannabis in Michigan over the next four years could total USD$1.5 billion. Green Buddha is already well positioned in Michigan and will be able to leverage the influx of capital in implementing a strategic growth plan.
About Captor Capital Corp.
Captor Capital Corp. is a Canadian firm focused on the cannabis sector listed on the Canadian Securities Exchange, the OTC, and the Frankfurt and Stuttgart stock exchanges. A vertically integrated cannabis company, Captor provides recreational and medical marijuana-based products to consumers via its leading brands and dispensary locations. Captor owns and operates advanced growing facilities, which produce consistent high-quality, contaminant-free marijuana for its customers, as well as other high demand cannabis-based goods for consumption. The Company follows a strategy of acquiring cash flowing established companies and organizations with growth potential that require capital to scale. Captor currently has a number of revenue generating cannabis investments including the CHAI Cannabis Co. dispensaries in Santa Cruz and Monterey. The Company also owns Mellow Extracts, a highly regarded producer of cannabis extracts based in Costa Mesa, CA.
Contact
Gavin Davidson,
Communications
Captor Capital Corp.
647.524.5479
gavin@captorcapital.com
It's coming here. I'm holding.
Agreed, still a sleeping giant here
As do I! Waiting for the real payday here soon
Got my ticket punched that works for me.
Seems to always get eerily quiet before a nice run!
Looking forward to more here.
Looking forward to more here.
Quiet here. Calm before the storm.
There are investors actually giving Captor a go at it. I have to hand it to you for your risky behavior. This one has been super volatile. Reverse split. Non tradable for a couple months. All over the board. Plus in the most volatile industry other than CRPTO.
Can't wait for next week! Are you comfy??? Lol.
Definitely had to follow this ticker!
Same and still adding more man
Yessir! This is a gem
Locked and loaded here.
Should be a multi million dollar deal.
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