Captor Capital Announces Grant of Stock Options
NOT FOR RELEASE IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
TORONTO, Aug. 18, 2021 (GLOBE NEWSWIRE) — Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMVA; STUTTGART: NMVA), (“Captor” or the “Company”) announces that is has granted 724,930 stock options to the directors of the Company in accordance with the Company’s stock option plan. Each option entitles the holder to purchase one common share of Captor at a price of $1.60, for a period of three years from the date of grant. The options become fully vested on October 1, 2021.
Captor Capital, headquartered in Toronto, Canada, recently announced the release of its Audited Annual Financial Statements and MD&A for the year ended March 31, 2021. In the face of an extremely challenging retail environment, revenues from cannabis sales were up $3,722,613 (23 per cent) from the previous financial year, while gross profit was up $1,899,008 (36 per cent).
“We have maintained our focus on growth for the fiscal year even as the world adjusted in the wake of a global pandemic,” said Captor Capital CEO John Zorbas. “I am proud of our leadership as we increased our store count in California and continued our path to realize our goal of becoming one of California’s premier cannabis retail operators.”
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 cannabis 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 Capital Corp.
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.