Captor Retail Group to Open Ninth “One Plant” Retail Dispensary in Palm Springs, California – Yahoo Finance

Captor Capital has additionally entered Proper into a Definitive Settlement To accumulate the remaining 49Percent equity curiosity in Captor Retail Group Inc., which personals and opecosts the One Plant retail dispensaries in California

Upon closing, Captor Capital Might have full possession of the One Plant dispensary chain and execute plans to increase Captor’s retail footprint and operations in California and completely different key U.S. states

TORONTO, Dec. 14, 2021 (GLOBE NEWSWIRE) — Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMVA; STUTTGART: NMVA) (“Captor Capital” or the “Agency”) is joyful to announce that, pending receipt of all required governmental approvals, Captor Retail Group Inc., which personals and opecosts the One Plant chain of retail dispensaries Inside the State of California, will open its ninth retail dispensary Inside the rising market of Palm Springs, California on or earlier than December 22, 2021.

One Plant Palm Springs is located at 2739 N. Palm Canyon Drive, Palm Springs, California and Shall be open By way of the hours of 8a.m. to 10p.m. seven days Every week. Palm Springs is a strategically important location Inside the strong California hashish market, and One Plant’s latest dispensary Is predicted to serve the roughly 45,000 residents¹ and over 14.1 million go toors² of the Palm Springs group.

“We’re proud to convey One Plant’s premium retail experiences and distinctive Selection of merchandise to Palm Springs,” said Captor Capital CEO, John Zorbas. “It is our privilege to not solely current distinctive affected person and buyer care However in addition foster which meansful relationships with this group.”

Acquisition of Captor Retail Group Inc.

Captor Capital May even be joyful to announce that it has entered Proper into a definitive inventory buy agreement (the “Settlement”) with Three Habitat Consulting Holdco Inc. (“Three Habitat”) To accumulate Three Habitat’s remaining 49Percent equity curiosity in Captor Retail Group Inc. (“Captor Retail Group”) via the acquisition of All of the problemd and excellent widespread inventory of Three Habitat Consulting Holdco Inc. for An complete combination quantity of CAD$29,720,222.60 (the “Purchase Worth”) (the “Transaction”).

Captor Retail Group is the Three method partnership company established by Captor Capital and Three Habitat to personal and function the One Plant chain of retail dispensaries Inside the State of California. If the Transaction is accomplished, Captor Retail Group will Discover your self to be An completely-personaled subsidiary of The company.

Following the completion of the Transaction, The company will finalize and execute its strategic goals for 2021 and past, collectively with vertical integration Inside the California market, As properly as to pursuing accountable enlargement in premium markets outdoors of California. In The approaching months, The company will current An in depth company replace, collectively with a strategic enlargement plan and operations plan.

“This Transaction demonstcosts Captor Capital’s fixed capability to scale in A pair of of the aggressive hashish markets Inside the U.S.,” said Captor Capital CEO, John Zorbas. “We look forward to strategically growing One Plant’s operations in engaging markets in California and past whereas introducing upscale hashish experiences to new shopper audiences.”

The acquisition Worth Shall be absolutely glad By Technique of the issuance of an combination of 27,018,384 widespread shares Inside the capital of Captor (“Captor Shares”) at a deemed problem price of CAD$1.10 per Captor Share.

The Transaction is an arm’s size transaction That may not anticipated to recurrent a “elementary change” or a “change of enterprise” pursuant to the insurance coverage policies of the CSE and is topic to receipt of all needed regulatory and third-celebration approvals and the satisfaction of completely different customary closing circumstances as set out Inside the Settlement. Subject to the satisfaction of such circumstances, the Transaction Is predicted To close on or earlier than March 31, 2022.

About Captor Capital Corp.

Captor Capital Corp. is a Canadian vertically constructed-in hashish company listed on the Canadian Securities Commerce, and the Frankfurt and Stuttgart inventory exmodifications. Captor currents leisure hashish merchandise to consumers, As properly as to completely different extreme demand hashish-based mostly items. The Agency follows A method of buying money flowing established corporations and organizations with progress potential that require capital to scale.

Gavin Davidson,
Communications
Captor Capital Corp.
[email protected]
(705) 446-6630

Ahead-Wanting Information

This press launch incompanys forward-looking information and forward-looking statements Contained in the which Technique of relevant Canadian securities regulations (“forward-looking information”). Ahead-looking information Is usually, but not On A daily basis, recognized By way of phrases Similar to “search”, “anticipate”, “think about”, “plan”, “estimate”, “anticipate”, “probably” and “intend” and statements that an event or Outcome “may”, “will”, “ought to”, “might” or “may” happen or be achieved and completely different comparable expressions. Ahead-looking information On this press launch embraces, with out limitation, statements Referring to the opening of a ninth One Plant retail dispensary in Palm Springs California, the acquisition of the remaining 49Percent equity curiosity in Captor Retail Group and The company’s enterprise and strategic plans.

Ahead-looking information Is predicated on assumptions Which will show to be incorrect, collectively with but not restricted to The power of The company to execute its Advertising strategy and the continued progress of the medical and grpersonalup-use hashish market Inside the State of California. The Agency think abouts these assumptions to be affordable Inside the circumstances. Ahead-looking information is topic to vital hazards and uncertainties, and completely different elements That would set off exact end outcomes To vary materially from anticipated end outcomes. Such hazards and uncertainties embrace, with out limitation: The power To buy, in a well timed method, all needed regulatory, inventory exchange and completely different third-celebration approvals to consummate the Transaction; hazards Referring to hashish being ilauthorized beneath US federal regulation and hazards of US federal enforcement actions associated to hashish actions; The company’s capability to Adjust to all relevant governmental regulations in a extremely regulated enterprise; adverse modifications Inside the political environment or Inside the regulation of medical hashish Inside the state of California; The hazard of any disruptions to The company’s enterprise and operations As a Outcome of of COVID-19 pandemic; adverse shifts in public opinion and notion of the hashish enterprise and hashish consumption; growing rivals Inside the enterprise; hazards of product authorized obligation and completely different safety-associated authorized obligation As a Outcome of of utilization of The company’s hashish merchandise; modifications in equity markets, inflation, overseas exchange costs, and The completely different hazards involved Inside the funding enterprise and junior capital markets.

Readers Should not place undue reliance on forward-looking information. Ahead-looking information is made as of the date hereof and The company assumes no obligation to replace them or revise them To mirror new events or circumstances Aside from as required by regulation.

____________________________________
¹ Supply: https://www.census.gov/quickfacts/palmspringscitycalifornia.
² Supply: https://kesq.com/information/2021/09/09/greater-palm-springs-convention-go toors-bureau-modifications-identify-to-go to-greater-palm-springs/#:~:textual content material=InPercent202019Percent2CPercent2014.1Percent20millionPercent20people,economicPercent20impactPercent20ofPercent20Percent247.5Percent20billion