TORONTO, Aug. 16, 2018 (GLOBE NEWSWIRE) -- Captor Capital Corp. (“Captor” or the “Company”) (CSE:CPTR; USOTC:NWURF; FRANKFURT:NMV) today announced that I-5 Holdings CEO John MacPhail will be representing Captor Capital at the Benzinga Cannabis Capital Conference in Toronto, Canada, on Friday August 17, 2018. Mr. MacPhail will be participating in a 5:10pm panel discussion entitled Beyond the Grow: Executing on Unique Cannabis Business Ideas. Captor Capital resumed trading on the Canadian Securities Exchange on August 8th as cannabis focused investment company. Following a ‘sale to seed’ roadmap, Captor is implementing a strategy of acquiring cash flowing or near cash flowing established companies with growth potential that require capital to scale.
“While the majority of the industry has been focused on acquiring and operating grow facilities as legalization spreads across North America, we feel there are tremendous growth and profit opportunities in setting up a branded sales infrastructure, particularly in high density markets such as California,” said John MacPhail. “I look forward to sharing Captor’s strategy at the Benzinga conference and to hearing my fellow panelists’ ideas and reasons for looking beyond the grow when investing in cannabis.”
Through partnership with top brands, such as MedMen, high value dispensary locations and cultivation operations, Captor seeks to capitalize upon the extensive network of industry relationships to provide its customers with a wide variety of products and a best in class experience. The primary strategic focus of Captor is to acquire established cannabis focused companies that require capital to scale. To efficiently engage Captor’s well-defined and deep pipeline of cultivation and dispensary targets, the Company will acquire them at favorable prices, and unlock the intrinsic value of these firms through operational enhancements.
Captor is currently in the process of negotiating and documenting the acquisition of two additional retail dispensaries, one in Monterey Bay, CA and one in Silicon Beach, CA. Upon completion of these acquisitions, including Chai (Chai Cannabis Inc., “Chai”) for total considerations of US$6.1 million, Captor will hold a total of five retail cannabis dispensaries in California and will have positioned itself to become a dominant player in the California retail cannabis market.
“It’s no secret that this is both an exciting and challenging time for the cannabis sector,” said MacPhail. “While there are great investment opportunities out there, it is a confusing market for the neophyte cannabis investor and there is too much focus on investing and not enough on generating revenues – issues that we address directly with our turnkey cash generating investment strategy.”
John MacPhail is the founder and CEO of I-5 Holdings Ltd. and sits on the board of Mainstem Goods & Services. I-5 Holdings Ltd. is a Canadian cannabis company focused on the USA sector. Mr. MacPhail has been actively involved in the Cannabis sector for the past 3 years. Under his leadership the company acquired two dispensaries in California, and Captor’s interest in the two cultivation facilities in Washington State. MacPhail also created growth in a goods and services procurement company, and assisted in the opening of a laboratory in California.
The Benzinga Cannabis Capital Conference is the premier gathering of cannabis entrepreneurs and investors in North America, offering an incredible opportunity to network, make deals, and learn from influencers, policymakers, and trailblazers at the Cannabis Capital Conference.
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 two wholly owned branded MedMen dispensaries – the world famous West Hollywood location and the showpiece Orange County dispensary in Santa Ana. Captor Capital is currently looking at additional revenue generating investments in the cannabis space and will be updating the market in due course.
For further information, please contact
Gavin Davidson
Media Relations
Captor Capital Corp.
705.446.6630
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.
