Revenues up 80 per cent and Gross Profits up 64 per cent vs. June 2020
TORONTO, Aug. 30, 2021 (GLOBE NEWSWIRE) — Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMVA; STUTTGART: NMVA), (“Captor” or the “Company”), is pleased to announce today the release of its Unaudited Condensed Interim Consolidated Financial Statements and MD&A for the three months ended June 30, 2021. In the quarter, revenues from the sale of cannabis at the Company’s California dispensary network were $6,769,946, with the Company recording a gross profit of $2,055,798. Revenues from cannabis sales were up $3,002,095 (80 per cent) from the previous financial quarter, while gross profit was up $804,462 (64 per cent).
“We have seen significant growth quarter-over-quarter, as Captor continues to benefit from the geographic location and retail footprint of its dispensaries, and our highly trained staff,” said Captor Capital CEO, John Zorbas. “The retail locations are well-positioned in mature counties in California where adult use is both legal and popular. As more retail dispensaries are opened, Captor will benefit from economies of scale and will realize a direct impact to EBITDA while maintaining a consumer-focused approach.”
“The Company possesses sophisticated retail outlets and uses proprietary analytics to increase efficiencies and profitability,” said