TORONTO, Nov. 30, 2020 (GLOBE NEWSWIRE) — Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMVA; STUTTGART: NMVA), (“Captor” or the “Firm”), is happy to announce right this moment the discharge of its Unaudited Quarterly Monetary Statements and MD&A for the quarter ended September 30, 2020. For the six months from April 1 to September 30, 2020 revenues on the Firm’s hashish dispensaries had been $7,676,067, with the Firm recording a gross revenue of $2,655,472 from the sale of hashish. Revenues on hashish gross sales had been up roughly $1 million from the identical interval the 12 months earlier, whereas gross revenue was up roughly $600,000.
Monetary Assertion Highlights
- Through the six months ended September 30, 2020 the Firm recorded revenues of $7,676,067 from the sale of hashish at its retail dispensaries in comparison with $6,800,061 within the comparative interval in 2019.
- Through the six months ended September 30, 2020 the Firm recorded a gross revenue of $2,655,472 from the sale of hashish at its retail dispensaries in comparison with $2,065,008 within the comparative interval in 2019.
- Through the six months ended September 30, 2020 the Firm recorded a web lack of $1,718,217 ($0.04 per share) in comparison with $19,632,295 ($0.51 per share) within the comparative interval in 2019.
Administration Commentary
“The continued improve in revenues mixed with substantial decreases in losses year-over-year reveal that Captor is on the right track as we proceed with a cautionary development technique and a eager deal with maximizing revenues from its present operations,” mentioned Captor Capital CEO, John Zorbas. “With a serious new retail presence on the horizon as a result of upcoming opening of additional areas, we will count on these numbers to proceed to go in the fitting path in 2021.”
ADDITIONAL INFORMATION
Further data referring to the Firm’s annual submitting is out there on SEDAR at www.sedar.com and within the Firm’s Annual Monetary Statements and within the Administration’s Dialogue and Evaluation for the Quarter Ended September 30, 2020.
About Captor Capital Corp.
Captor Capital Corp. is a Canadian vertically integrated hashish firm listed on the Canadian Securities Alternate, and the Frankfurt and Stuttgart inventory exchanges. Captor supplies leisure marijuana merchandise to shoppers, in addition to different excessive demand cannabis-based items. The Firm follows a method of buying money flowing established corporations and organizations with development potential that require capital to scale.
Gavin Davidson,
Communications
Captor Capital Corp.
gavin@captorcapital.com
Ahead-Wanting 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 launch accommodates or refers to forward-looking data and is predicated on present expectations that contain a lot of enterprise dangers and uncertainties. Elements that would trigger precise outcomes to vary materially from any forward-looking assertion embody, however will not be restricted to availability of funding alternatives, financial circumstances, market fluctuations and uncertainties, uncertainties referring to the supply and prices of financing wanted sooner or later, modifications in fairness markets, inflation, modifications in trade charges, and the opposite dangers concerned within the funding trade and junior capital markets. Ahead-looking statements are topic to vital dangers and uncertainties, and different elements that would trigger precise outcomes to vary materially from anticipated outcomes. Readers mustn’t place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Firm assumes no accountability to replace them or revise them to replicate new occasions or circumstances aside from as required by regulation.
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