Replies to post #428 on Captor Cap Corp. (CPTR)

[PotterBanker]

Captor Capital Announces Third Quarter Financial Results

http://www.globenewswire.com/news-release/2018/11/30/1659930/0/en/Captor-Capital-Announces-Third-Quarter-Financial-Results.html

TORONTO, Nov. 30, 2018 (GLOBE NEWSWIRE) -- Captor Capital Corp. (“Captor” or the “Company”) (CSE: CPTR; FRANKFURT: NMV; STUTTGART: NMVA; USOTC: NWURF), a cannabis-focused investment company, is pleased to announce the results of its quarterly period ending September 30, 2018 have been filed on SEDAR. The objective of the Company is to provide its shareholders with long-term capital growth by investing in a portfolio of cannabis focused companies. Captor’s investments are accounted for at fair value. However, the Company would like to provide additional information on the operations of its cannabis dispensaries for the first 8 months of 2018.

The robust 8 calendar month financial results include:

Revenue of $23.1 million
Adjusted EBITDA (Non-IFRS) of $3.7 million1

Expected calendar year 2019 operational highlights include:

Completion of the sale of its Orange County Retail Location to MedMen2, which will further enhance the Company’s currently strong balance sheet
The acquisition of the Higher Level - Castroville dispensary2
Capital expenditure to support the launch of Captor’s wholly owned manufacturing, distribution, cultivation, and retail activities in southern California2
Opening of the Santa Barbara retail dispensary2
Captor’s launch if its self-manufactured and branded cannabis product lines
Implementation of Captor’s new retail dispensary store brand
Launch of Captor’s new E-Commerce business

EBITDA adjusted for MedMen associated central costs and non-cash items; excludes the deduction for MedMen the management fee
Subject to regulatory approval

Captor’s wholly owned subsidiaries through its investments in three currently operating retail outlets, is very pleased to disclose the performance of its dispensaries - gross revenue of US$23,083,952 and adjusted EBITDA (Non-IFRS) of US$3,728,825 for the 8-month period between January 1, 2018 to August 31, 2018.

“The strength of our financial performance is a combination of having sourced prime retail locations, such as our West Hollywood and Capitola dispensaries, and our successful engagement with leading operating partners such as MedMen,” said Captor Capital CEO, John Zorbas. “Having achieved a solid retail base in California, we are now shifting our focus to completing the development of our manufacturing, distribution, and cultivation operations in southern California and the launch of an exciting new cannabis consumer brand which covers the full product spectrum. Furthermore, as we expect to imminently complete the regulatory process for our Castroville and Santa Barbara retail dispensaries, we will also be launching a new standardised brand of retail outlets to act as a base for the sale of our new product line brand as well as support our soon to be launched E-Commerce company.”

“Our team is diligently working on completing a final presentation of our 2019 strategy and I look forward to presenting this to our shareholders and the public in the near term,” continued Mr. Zorbas.

Financial Summary:

http://www.globenewswire.com/NewsRoom/AttachmentNg/9425998f-9c31-46c0-a822-b5468d3cfc7a

About Captor Capital

Captor Capital Corp. is a Canadian firm focused on the cannabis sector listed on the Canadian Securities Exchange, the OTC, and the Frankfurt Stock Exchange. A vertically integrated cannabis company, Captor provides recreational and medical marijuana based products to consumers via its leading brands and dispensary locations. Listed on the Canadian Securities Exchange, the OTCUSA, and the Frankfurt Stock Exchange, 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 world famous West Hollywood MedMen branded dispensary, CHAI in Santa Cruz and Higher Level, Castroville. Captor Capital is currently looking at additional revenue generating investments in the cannabis space and will be updating the market in due course.

Contact
Gavin Davidson, Communications
Captor Capital Corp.
705.446.6630
[e-mail]

[PotterBanker]

Another new 52 week low.. WURF! WURF!