TORONTO, Feb. 05, 2021 (GLOBE NEWSWIRE) — Captor Capital Corp. (CSE: CPTR; FRANKFURT: NMV; STUTTGART: NMVA), (“Captor” or the “Company”), among the biggest cannabis retail operators in Northern Ca, is really excited to announce the launch of its cannabis brand, Wollem, through their Mellow Extracts (“Mellow”) company product. The Wollem brand name shall provide consumers with high end products at competitive prices. The arrangement will benefit both the Mellow and Captor Retail Group (“CRG”) business units – providing Mellow with a consistent source of manufacturing contracts, while providing CRG’s One Plant dispensaries with high margin product offerings.
“With six dispensaries already operational and another three scheduled to come on line this quarter, it is the time that is perfect launch our very own line of cannabis items,” said Captor Capital CEO, John Zorbas. “We have actually a great track record of supplying the most readily useful item at extremely competitive rates so we are confident our Wollem-branded cannabis items will reap the benefits of that reputation, whilst also strengthening it. Leveraging our industry relationships and cultivation lovers, I will be in a position to provide end that is high at an economical price point, passing along value to our consumer.”
The Wollem line will include premium, packaged flower, pre-rolls, and a line that is full of – shatter, diamonds, reside resin, and vape carts. Pre-rolls and concentrates are very first due going to racks, with dried flower anticipated to be put into the roster soon after. Pre rolls, concentrates, and dried flower would be priced in an assortment that’ll be competitive along with other area dispensaries, while standing away in quality.
“CRG is among the list of biggest and a lot of cannabis that are successful in Northern California largely because of our reputation for carrying the best products and we could not be more excited to be the first to bring the Wollem brand to the market. We know Wollem represents our passion for the cannabis plant and we can’t wait to share it with our customers.” stated CRG CEO, Adam Wilks. “The economy has effected household incomes across California and we are bullish Wollem will provide product offerings that will appeal to both to cannabis connoisseurs and consumers that are value-seeking*)Wollem items would be rolled away at every one of CRG’s One Plant and Chai running on One Plant places. Offering the brand name through the state of Ca continues to be the focus, nevertheless the Business believes the competitive advantageous asset of premiering this end that is high well priced product line only at CRG locations will provide the product with an impactful introduction to the market and build positive brand awareness.”
“We Know Wollem was founded on the principle of sourcing the product that is best at the very best cost so we are confident this is mirrored in item product sales,” said Matthew Emory. “With the increasing amount of dispensaries starting, it’s important One Plant continues to construct on our track record of supplying product that is diverse. Having an exclusive brand that is high-end a great solution to introduce places and even though continuing to grow brand name awareness.”
All CRG dispensaries stay available for company whilst the cannabis industry happens to be designated an business that is essential the Government of California. Several changes have been made to enhance safety that is overall the stores and CRG continues to purchase their e-commerce platform, supplying customers the capability to purchase ahead and expanding express checkouts for pre-orders. Individuals are in a position to reap the benefits of CRG’s considerable online menu and delivery service that is speedy. Both the e-commerce platform and delivery service have seen increases that are significant requests throughout the pandemic.
Captor Retail Group recently announced the opening for the flagship One plant location that is retail Antioch, California. The 6500 sq. ft. dispensary became CRG’s sixth dispensary that is operational joining One Plant places in Salinas, Atwater, and Contra Costa, along side Chai running on One Plant dispensaries in Santa Cruz and Castroville. The places in Goleta, Lompoc, and Palm Springs, are anticipated to be functional in very early 2021. This can bring the number that is total of to nine, making Captor Retail Group one of the largest cannabis retail operators in California.
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 marijuana that is recreational to customers, and also other popular cannabis-based products. A strategy is followed by the company of acquiring cash flowing established companies and organizations with growth potential that require capital to scale. Captor currently has a number of revenue cannabis that are generating including a big part ownership stake of Captor Retail Group Inc. The business additionally owns Mellow Extracts, through which it will likely be offering its line that is branded of products, Wollem.
Captor Capital Corp.
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This pr release contains or relates to information that is forward-looking 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 statement that is forward-looking, but aren’t restricted to option of investment possibilities, financial circumstances, market changes and uncertainties, uncertainties associated with the accessibility and costs of funding required as time goes by, alterations in equity areas, inflation, alterations in change prices, plus the other dangers active in the investment industry and junior money areas. Forward-looking statements are susceptible to risks that are significant uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place reliance that is undue forward-looking statements. These statements that are forward-looking made at the time of the date hereof and also the business assumes no obligation to upgrade them or revise them to mirror brand new activities or circumstances apart from as needed for legal reasons.