TORONTO, Sept. 17, 2021 (GLOBE NEWSWIRE) — Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMVA; STUTTGART: NMVA), (“Captor” or the “Company”), is pleased to announce that it has entered into a binding agreement to purchase a majority interest in a licensed dispensary location in Pacifica, California. The Pacifica dispensary location, which is approved for adult-use and medicinal cannabis use as well as delivery, is slated to become the tenth dispensary in Captor Capital’s California network, joining locations in Antioch, Atwater, El Sobrante, Salinas, Castroville, Santa Cruz, Lompoc, Goleta and Palm Springs. This location will be operated by Captor Retail Group (“CRG”) and the dispensary will become part of the One Plant brand.
“We are excited about what the Pacifica location provides to our organization, as it fits perfectly within Captor’s existing expansion plan,” said Captor Capital CEO, John Zorbas. “While we remain committed to maintaining growth by increasing revenues across our network, we are always on the lookout for acquisition opportunities and are confident this will prove to be a value acquisition that will increase top line revenue and net profit.”
Located in San Mateo County on the Pacific Coast just 15 miles south of San Francisco, with a population of approximately 800,000,