Captor Cap Corp. (CPTR)

[PotterBanker]

Captor Capital Corp. Expands Presence in California with the Acquisition of Key Extracts Company

https://globenewswire.com/news-release/2018/09/12/1569758/0/en/Captor-Capital-Corp-Expands-Presence-in-California-with-the-Acquisition-of-Key-Extracts-Company.html

TORONTO, Sept. 12, 2018 (GLOBE NEWSWIRE) -- Captor Capital Corp. (“Captor” or the “Company”) (CSE: CPTR; FRANKFURT: NMV; USOTC: NWURF) today announced that it has closed its acquisition of Mellow Extracts, LLC (“Mellow”). Under the deal terms, Captor has acquired 100 per cent of the securities of Mellow Extracts, LLC in exchange for 3,750,000 common shares of Captor at a deemed issue price of $0.20 per common share. Mellow Extracts will produce ultra-premium oil in a state-of-the-art extraction lab facility in Costa Mesa, California. Mellow will provide California state-compliant service-for-hire extraction, as well as co-packing capacities for white label and private label cannabis brands focusing on cannabis extracts. In addition to this, Mellow will provide oils and premium concentrates to Captor’s retail outlets.