#Captor capital update#
#Captor capital full#

“In order to maximize the opportunity for SOL stockholders we felt strongly about participating in the financing and increasing our ownership position.” “Our excitement over the One Plant brand expansion and California dispensary market continues to grow,” said Andrew DeFrancesco, Chairman and Chief Executive Officer of SOL Global. The completion of the Transaction resulted in a greater than 2.0% increase in the security holding percentage of common shares in the capital of Captor (“ Common Shares”) reported since the last early warning report filed by the Company on April 12, 2021. (“ Captor”) (CSE:CPTR) to 16.32%, through the acquisition of 4,105,263 units in the capital of Captor (“ Units”) in connection with a non-brokered private placement of Captor completed on Ap(the “ Transaction”). (“ SOL Global” or the “ Company”) (CSE:SOL) (OTCPK:SOLCF) (Frankfurt:9SB) announces that it has increased its position in Captor Capital Corp.

#Captor capital update#

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.TORONTO-( BUSINESS WIRE)-SOL Global Investments Corp. Readers should not place undue reliance on forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. 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. 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. NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Captor has gone from a staff of 20 to more than 150 full-time and part-time employees and the executive team has proven fit in developing operational talent as the Company focuses on top line revenues and sustainable profitability. The Company entered fiscal 2021 with six retail dispensaries and has since successfully added three new retail locations. The Company’s net loss increased from ($0.15) per share for the fiscal year ended March 31, 2021, to ($0.28) per share for the fiscal year ended March 31, 2022.Ĭaptor Retail Group has committed to increasing gross profit and has done so successfully through growth and expansion in a challenging environment. During the three months ended March 31, 2022, the Company recorded revenues of $9,103,528 from the sale of cannabis at its retail dispensaries compared to $8,404,525 in the previous quarter and $4,337,656 during the three months ended March 31, 2021.Īs of March 31, 2022, the Company has assets of $56,416,523, as compared to assets of $60,310,334, on March 31, 2021. On a quarter-by-quarter basis, revenues continue to increase.

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#Captor capital full#

While we have achieved significant growth in both revenue and profits this past year, it is our continued belief that these investments will continue to bear significant fruit as we utilize the full resources and capabilities of each of our locations.” Our leadership team is keen to the opportunities ahead and I am confident their operational expertise will navigate us to our goals. “Sustainable profitability remains our ethos as we manage all challenges and expenses effecting the cannabis sector. I am proud of our leadership in Captor Retail Group (CRG), Adam Wilks, Matthew Emory and Wayne Lipschitz, as we increased our store count, revenue and gross profits in California and continued our path to realize our goal in making CRG one of California’s premier cannabis retail operators,” said Captor Capital CEO John Zorbas. “We have maintained our focus on profitability for the fiscal year. The next issue of Your Midday Sun will soon be in your inbox. If you don't see it, please check your junk folder.

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