Captor Capital Announces Opening of ‘One Plant California’ Retail Cannabis Dispensary in Goleta, California

Rhea-AI Summary

Captor Capital Corp. (CSE: CPTR) has announced the opening of its eighth cannabis dispensary in California, located in Goleta. The new store will serve customers throughout Santa Barbara County and opens on May 28, 2021. Situated in a busy shopping plaza, the dispensary aims to enhance customer access to premium cannabis products with options for in-store shopping, delivery, and order-ahead pickup. Captor Capital plans to continue its expansion with a ninth location in Palm Springs expected by early Q3 2021.

Positive

• Opening of the eighth dispensary enhances market presence in Santa Barbara County.
• Strategically located in a high-traffic shopping center, likely to drive foot traffic.
• Plans for additional expansion with a ninth dispensary in Palm Springs.

Negative

• None.

Captor Retail Group’s Eighth Dispensary in California to Serve Customers Throughout Santa Barbara County

TORONTO, May 27, 2021 (GLOBE NEWSWIRE) -- Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMVA; STUTTGART: NMVA), ("Captor" or the "Company"), is pleased to announce it will open a brand-new retail cannabis dispensary location in Goleta, California, this month.

The Santa Barbara County retail dispensary, Captor Retail Group’s eighth dispensary in California, will open Friday, May 28, 2021. The new retail dispensary will be located at 290 Storke Road, Goleta, California 93117, in a high-traffic shopping plaza with Target, Costco, and Home Depot locations nearby. The dispensary will offer qualified customers in-store, delivery, and order-ahead pickup options.

“We’re thrilled to join the Goleta community and to bring our premium cannabis flower and unique retail experience to Santa Barbara County,” said Adam Wilks, CEO of Captor Retail Group. “This new location will allow us to better serve our customers throughout Southern California as we continue to execute on our aggressive retail growth strategy.”

“I’d like to congratulate the entire CRG team for working tirelessly to open up our Goleta location before the holiday weekend,” said John Zorbas, CEO of Captor Capital. “We look forward to building a long and productive relationship with the Goleta community, and we cannot wait to welcome our first customers this weekend.”

The Goleta location joins the existing Captor Retail Group portfolio, which includes CHAI Cannabis Co.-branded dispensaries in Santa Cruz and Castroville, and One Plant California-branded dispensaries in Salinas, Antioch, Atwater, El Sobrante, and Lompoc.

Captor Capital intends to open its ninth dispensary in California, in Palm Springs, by the early third quarter of this year, subject to the receipt of all necessary municipal and regulatory approvals. Customers can learn more about CHAI Cannabis Co. and One Plant California locations by visiting https://captorcapital.com/retailstores/.

Contact Information

Captor Capital Corp.
Gavin Davidson, Communications
Email: gavin@captorcapital.com

For media inquiries, please contact: 
Daniel Nussbaum 
AMW PR 
Phone: 917.232.8960 
Email: Daniel@amwpr.com

About Captor Capital Corp.

Captor Capital Corp. is a Canadian vertically integrated cannabis company listed on the Canadian Securities Exchange, and the Frankfurt and Stuttgart stock exchanges. Captor provides recreational marijuana products to consumers, as well as other high demand cannabis-based goods. The Company follows a strategy of acquiring cash flowing established companies and organizations with growth potential that require capital to scale.

Cautionary Statements

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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4a3a99a5-a4e9-47b1-884a-9c5479b97825

FAQ

What is the significance of Captor Capital's new dispensary in Goleta, California?

The new dispensary represents Captor Capital's expansion strategy and enhances its presence in Southern California, offering more access to cannabis products for local customers.

When will Captor Capital's Goleta dispensary open?

The Goleta dispensary is set to open on May 28, 2021.

Where is Captor Capital's new Goleta dispensary located?

The Goleta dispensary is located at 290 Storke Road, in a shopping plaza with Target, Costco, and Home Depot.

What are the retail services offered at Captor Capital's Goleta dispensary?

The Goleta dispensary will offer in-store shopping, delivery, and order-ahead pickup options for qualifying customers.

What are Captor Capital's future plans after the Goleta opening?

Capturing additional growth, Captor Capital plans to open its ninth dispensary in Palm Springs by early Q3 2021, pending necessary approvals.