Captor Cap Corp. (CPTR)

[PotterBanker]

Captor Capital’s California Dispensaries Report Revenues

https://globenewswire.com/news-release/2018/09/04/1565004/0/en/Captor-Capital-s-California-Dispensaries-Report-Revenues.html

Captor’s two MedMen-branded locations among top 10 percent in California Dispensary Sales

TORONTO, Sept. 04, 2018 (GLOBE NEWSWIRE) -- Captor Capital Corp. (“Captor” or the “Company”) (CSE:CPTR) (FRANKFURT:NMV) (USOTC:NWURF) announced today that wholly owned subsidiary I-5 Holdings Ltd. (“I-5 Holdings”) had gross revenues of US$6.98 million (CDN$9.1million) from its two southern California dispensaries in the three-month period ending June 30, 2018. For the two quarters of this year consolidated total revenue numbers equated to US$14.55 million (CDN$18.9million).

“We are pleased to see such strong revenue numbers from our dispensaries in the second quarter of recreational cannabis sales in California,” said John MacPhail, Founder and CEO of I-5 Holdings. Based on the recently released California State Cannabis tax revenues, these figures easily place our dispensaries in the top ten percent state wide.

“We are now seeing our strategy of focusing on the lucrative California cannabis market succeed. Both our footprint and revenue figures will continue to expand over the coming months,” said Captor Capital CEO, John Zorbas. “While the strong performance is impressive we believe it is only the start of what we can achieve. We expect to make further announcements imminently.”