is a Canadian vertically integrated cannabis company listed on the Canadian Securities Exchange, and the Frankfurt and Stuttgart stock exchanges. In December 2021, CRG opened its ninth retail dispensary.ĭuring the twelve months ended March 31, 2022, CRG executed 487,697 total retail transactions of which 17,721 were delivery transactions compared to 243,542 total retail transactions in the previous year ended March 31, 2021.Īdditional information relating to the Company’s annual filing is available on SEDAR at and in the Company’s Annual Financial Statements and in the Management’s Discussion and Analysis for the Year Ended March 31, 2022.Ĭaptor Capital Corp. In May 2021, CRG began operations of its seventh and eighth retail dispensaries in the California cities, Lompoc and Goleta, operating both in-store and delivery transactions. The growth-related expenses will support the development of operational efficiencies and economies of scale. Successfully growing from six to nine retail dispensaries, while managing new store construction, systems integration, and the hiring processes that seemed exacerbated with continued Covid-19 guidelines, is a testament to the leadership and management team that Captor has developed.Ĭaptor remains confident the cannabis portfolio will optimize purchasing power, streamline supply chains, and centralize business activities in the long-term. In addition, the Company endured the ever-present federal regulatory challenges that accompany the cannabis sector. Aggressive expansion and a continued commitment to revenue growth have resulted in a variety of one-time charges for the Company that include, but are not limited to, the cost of acquiring leases, salaries of those involved in expansion, organizational costs of such M&A activity and overall G&A. Increasing the retail footprint from six to nine locations and subsequently increasing retail revenue has not come without an investment from the Company. Captor has gone from a staff of 20 to more than 150 full-time and part-time employees and the executive team has proven fit in developing operational talent as the Company focuses on top line revenues and sustainable profitability. The Company entered fiscal 2021 with six retail dispensaries and has since successfully added three new retail locations.
The Company’s net loss increased from ($0.15) per share for the fiscal year ended March 31, 2021, to ($0.28) per share for the fiscal year ended March 31, 2022.Ĭaptor Retail Group has committed to increasing gross profit and has done so successfully through growth and expansion in a challenging environment. During the three months ended March 31, 2022, the Company recorded revenues of $9,103,528 from the sale of cannabis at its retail dispensaries compared to $8,404,525 in the previous quarter and $4,337,656 during the three months ended March 31, 2021.Īs of March 31, 2022, the Company has assets of $56,416,523, as compared to assets of $60,310,334, on March 31, 2021. On a quarter-by-quarter basis, revenues continue to increase.
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While we have achieved significant growth in both revenue and profits this past year, it is our continued belief that these investments will continue to bear significant fruit as we utilize the full resources and capabilities of each of our locations.” Our leadership team is keen to the opportunities ahead and I am confident their operational expertise will navigate us to our goals. “Sustainable profitability remains our ethos as we manage all challenges and expenses effecting the cannabis sector. I am proud of our leadership in Captor Retail Group (CRG), Adam Wilks, Matthew Emory and Wayne Lipschitz, as we increased our store count, revenue and gross profits in California and continued our path to realize our goal in making CRG one of California’s premier cannabis retail operators,” said Captor Capital CEO John Zorbas. “We have maintained our focus on profitability for the fiscal year. Revenues from cannabis sales were up $16,520,051 (102%) from the previous fiscal year, while gross profit was up $7,010,238 (132%), in the face of a competitive and challenging retail cannabis environment. For the twelve months from Apto Marevenues from the sale of cannabis at the Company’s California dispensary network were $32,737,461, with the Company recording a gross profit of $12,307,212. (CSE: CPTR FRANKFURT: NMVA STUTTGART: NMVA), ("Captor" or the "Company"), is pleased to announce today the release of its Audited Annual Financial Statements and MD&A for the year ended March 31, 2022. 02, 2022 (GLOBE NEWSWIRE) - Captor Capital Corp.
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