Captor Capital Corp. (CPTR.CN)
- GlobeNewswire
Captor Capital Corp. Launches Wollem Cannabis Brand
Wollem initially to be sold exclusively in Captor Retail Group dispensaries Figure 1 The Wollem line will include premium, packaged flower, pre-rolls, and a full line of concentrates. Figure 2 The Wollem brand will provide consumers with high end products at competitive prices. TORONTO, Feb. 05, 2021 (GLOBE NEWSWIRE) -- Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMV; STUTTGART: NMVA), ("Captor" or the "Company"), one of the largest cannabis retail operators in Northern California, is very excited to announce the launch of its own cannabis product line, Wollem, through their Mellow Extracts (“Mellow”) business unit. The Wollem brand will provide consumers with high end products at competitive prices. The arrangement will benefit both the Mellow and Captor Retail Group (“CRG”) business units – providing Mellow with a consistent source of manufacturing contracts, while providing CRG’s One Plant dispensaries with high margin product offerings. “With six dispensaries already operational and another three scheduled to come on line this quarter, it is the perfect time to release our own line of cannabis products,” said Captor Capital CEO, John Zorbas. “We have an excellent reputation for providing the best product at very competitive prices and we are confident our Wollem-branded cannabis products will benefit from that reputation, while also strengthening it. Leveraging our industry relationships and cultivation partners, we will be able to offer high end flower at an economical price point, passing along value to our consumer.” The Wollem line will include premium, packaged flower, pre-rolls, and a full line of concentrates – shatter, diamonds, live resin, and vape carts. Pre-rolls and concentrates are first due to hit shelves, with dried flower expected to be added to the roster shortly after. Pre rolls, concentrates, and dried flower will be priced in a range that will be competitive with other area dispensaries, while standing out in quality. “CRG is among the largest and most successful cannabis retailers in Northern California largely because of our reputation for carrying the best products and we could not be more excited to be the first to bring the Wollem brand to the market. We know Wollem represents our passion for the cannabis plant and we can’t wait to share it with our customers.” stated CRG CEO, Adam Wilks. “The economy has effected household incomes across California and we are bullish Wollem will provide product offerings that will appeal to both to cannabis connoisseurs and value-seeking consumers.” Wollem products will be rolled out at all of CRG’s One Plant and Chai Powered by One Plant locations. Selling the brand throughout the state of California remains the focus, but the Company believes the competitive advantage of premiering this high end, well priced product line only at CRG locations will provide the product with an impactful introduction to the market and build positive brand awareness.” “We know Wollem was founded on the principle of sourcing the best product at the best price and we are confident this will be reflected in product sales,” said Matthew Emory. “With the increasing number of dispensaries opening, it is important One Plant continues to build on our reputation for providing diverse product offerings. Having an exclusive high-end brand is a great way to launch locations and while continuing to expand brand awareness.” All CRG dispensaries remain open for business as the cannabis industry has been designated an essential business by the Government of California. Several changes have been made to enhance overall safety in the retail stores and CRG continues to invest in their e-commerce platform, providing consumers the ability to order ahead and expanding express checkouts for pre-orders. Consumers are able to benefit from CRG’s extensive online menu and speedy delivery service. Both the e-commerce platform and delivery service have seen significant increases in orders during the pandemic. Captor Retail Group recently announced the opening of the flagship One Plant retail location in Antioch, California. The 6500 sq. ft. dispensary became CRG’s sixth operational dispensary, joining One Plant locations in Salinas, Atwater, and Contra Costa, along with Chai Powered by One Plant dispensaries in Santa Cruz and Castroville. The locations in Goleta, Lompoc, and Palm Springs, are expected to be operational in early 2021. This will bring the total number of dispensaries to nine, making Captor Retail Group one of the largest cannabis retail operators in California. About Captor Capital Corp. Captor Capital Corp. is a Canadian vertically integrated cannabis company listed on the Canadian Securities Exchange, and the Frankfurt and Stuttgart stock exchanges. Captor provides recreational marijuana products to consumers, as well as other high demand cannabis-based goods. 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 assets including a majority ownership stake of Captor Retail Group Inc. The Company also owns Mellow Extracts, through which it will be selling its own branded line of cannabis products, Wollem. Contact InformationGavin Davidson, Communications Captor Capital Corp. gavin@captorcapital.com Forward-Looking Statements NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. This press release contains or refers to forward-looking information and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to availability of investment opportunities, economic circumstances, market fluctuations and uncertainties, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, and the other risks involved in the investment industry and junior capital markets. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law. Photos accompanying this announcement are available athttps://www.globenewswire.com/NewsRoom/AttachmentNg/6e982253-e66c-4e93-a6d3-fa7fcb3a312ahttps://www.globenewswire.com/NewsRoom/AttachmentNg/2dc58318-f27f-4b5f-afee-840379ab1189
- GlobeNewswire
Captor Capital Corp. Celebrates New Community Outreach Partnership Along With Official Grand Opening Event
Captor Retail Group to leverage 6,500-square-foot Antioch location as employment hub, in collaboration with local charity, Beat the Streets Inc. An interior view of Captor Retail Group’s latest and largest cannabis dispensary. The 6500 sq. ft. retail outlet, CRG’s sixth in California, is located in Antioch. TORONTO, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMV; STUTTGART: NMVA) ("Captor" or the "Company") is pleased to announce a new community partnership, as it continues to expand in California. The retailer of medical and recreational cannabis this past weekend opened a One Plant Antioch dispensary, which set new highs for both sales and customer numbers in just two days, despite pandemic-related restrictions. “The overwhelmingly positive reception our new One Plant Antioch location has enjoyed speaks to both the effort put into designing, stocking and opening the store, as well as to Captor Retail Group’s reputation for providing high-quality products at accessible prices,” said Captor Capital CEO John Zorbas. “With three more dispensaries slated to come online this quarter, we look forward to more weekends like this.” With the ongoing COVID-19 pandemic making it impossible to conduct a true grand opening event, the One Plant team nevertheless celebrated in style – partnering up with the Antioch chapter of Beat the Streets, a charity that offers young adult employment, vocational and life services. The organization has provided resources and supportive programs for at-risk youth, young adults, and families in Contra Costa County since 2005. “Beat the Streets has done incredible work over the past 15 years. As a company, CRG puts great importance on our positive and continued community engagement, and nothing is more important than the right partner. We identified Beat the Streets as an organization that truly makes a difference in so many lives and are extremely proud to partner with them,” said Captor Retail Group CEO Adam Wilks. “It’s a fantastic organization with focused leadership, and we are thrilled to work with a group that shares our ethos in uplifting the communities in which we make our investments.” Through Beat the Streets’ Next Steps Program, One Plant will provide support and opportunities for success in education, financial literacy, employment and entrepreneurship for high school students and recent graduates. Scholarships will be awarded to participants who complete the program, providing financial support for college expenses and employment initiatives. “Beat the Streets Inc. is elated to be chosen as the Social Equity Program of choice for One Plant. We have the shared vision of ensuring our youth and young adults have viable resources to be successful,” said Tracy L. Tate Jones, founder of Beat the Streets. “We are honored to have One Plant as our working partner to drive home success for our future leaders and generations to come.” One Plant has also pledged to purchase desktop computers, so Beat the Streets’ clients can have a connected workspace. VP of Operations Matthew Emory delivered the first three computers this past weekend as part of the Antioch grand opening. ”Working with the Beat the Streets team and seeing their impact on the Antioch community has been powerful and has reaffirmed our commitment to investing in the communities in which we operate. It is important to be a strong neighbor and active stakeholder that makes a strong connection with our community,” said Emory. The One Plant Antioch dispensary occupies a footprint of more than 6,500 square feet, divided between retail and back-office operational support. The size and location will provide significant operational support for the company’s e-commerce and delivery initiatives. In addition to serving as a retail flagship for One Plant, the Antioch location will support the online and delivery fulfillment for the Bay Area market, as well as provide necessary infrastructure for the increasing delivery services provided by existing and future locations. “Our Antioch location occupies another 2,000 square feet, beyond the 6,500 square feet of retail dispensary, that will be used to operate our delivery dispatch and online fulfillment center. As future stores plug in to our e-commerce and online ordering infrastructure, we will need to increase staffing levels at the location,” said Emory. “This provides the perfect opportunity to work with Beat the Streets in a meaningful way, particularly as COVID-19 has accelerated the need for a robust online ordering platform, and we have positioned ourselves to change with the market.” About Captor Capital Corp. Captor Capital Corp. is a Canadian vertically integrated cannabis company listed on the Canadian Securities Exchange, and the Frankfurt and Stuttgart stock exchanges. Captor provides recreational marijuana products to consumers, as well as other high-demand, cannabis-based goods. 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 assets, including a majority ownership stake of Captor Retail Group Inc. The Company also owns Mellow Extracts, with a launch date to be determined. Contact InformationGavin Davidson, Communications Captor Capital Corp. gavin@captorcapital.com Forward-Looking Statements NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAS REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. This press release contains or refers to forward-looking information and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, availability of investment opportunities, economic circumstances, market fluctuations and uncertainties, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, and other risks involved in the investment industry and junior capital markets. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6625b0b7-bc71-474b-b98c-9a4e9cda8482
- GlobeNewswire
Captor Capital Corp.: One Plant Opens 6500 sq. ft. Cannabis Retail Location in Antioch
New location is the sixth operational Captor Retail Group dispensaryTORONTO, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMV; STUTTGART: NMVA), ("Captor" or the "Company") is very pleased to announce that the flagship One Plant retail location in Antioch, California has received all operating licenses and is now open for business. The 6500 sq. ft. dispensary becomes Captor Retail Group’s (“CRG” or “The Group”) sixth operational dispensary, joining One Plant locations in Salinas, Atwater, and Contra Costa, along with the two Chai Powered by One Plant dispensaries in Santa Cruz and Castroville.“We salute the efforts of the entire One Plant team in getting the Antioch location licensed, built out, and open for business on such a tight timeline,” said Captor Capital CEO, John Zorbas. “Captor Retail Group now operates a cluster of six dispensaries in Northern California, making us one of the largest cannabis retailers in the area.”It is expected that CRG will be opening an additional three dispensaries in Q1 2021, bringing the total number of retail outlets operated by the group to nine. The next three locations will be opened in Lompoc, Goleta, and Palm Springs, providing CRG with access to the Southern California market.“Opening the Antioch location is a major milestone on our quest to become the largest cannabis retailer in the State of California and we look forward to opening more locations soon,” said One Plant CEO, Adam Wilkes. “But today it is all about Antioch. We are extremely excited to open our Bay Area flagship property and expect it to be a market leader in the California cannabis industry.”The Antioch location occupies a footprint of more than 6500 sq. ft., divided between retail and back-office operational support. The size and location will provide significant operational support for the Company’s e-commerce and delivery initiatives. In addition to being a flagship for retail outlet for One Plant, the Antioch location will support the online and delivery fulfillment for the Bay Area market as well as provide necessary infrastructure for the increasing delivery services provided by existing and future locations. The division between back office and store is modular and can easily be adjusted to expand the retail space as revenues grow.Of the seven dispensaries contributed to Captor Retail Group by Three Habitat, the retail locations in Antioch, Salinas, Atwater, and El Sobrante are licensed and open for business. The locations in Goleta, Lompoc, and Palm Springs, are expected to be operational in Q1 of 2021. Combined with the two Chai locations, this bring the total number of dispensaries to nine, making Captor Retail Group one of the largest cannabis retail operators in California.About Captor Capital Corp.Captor Capital Corp. is a Canadian vertically integrated cannabis company listed on the Canadian Securities Exchange, and the Frankfurt and Stuttgart stock exchanges. Captor provides recreational marijuana products to consumers, as well as other high demand cannabis-based goods. 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 assets including a majority ownership stake of Captor Retail Group Inc. The Company also owns Mellow Extracts, with a launch date to be determined.Contact Information Gavin Davidson, Communications Captor Capital Corp. gavin@captorcapital.comForward-Looking StatementsNEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.This press release contains or refers to forward-looking information and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to availability of investment opportunities, economic circumstances, market fluctuations and uncertainties, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, and the other risks involved in the investment industry and junior capital markets. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.
