#Captor capital stock license

Manager of Chai, Josh Lechner, has been successfully operating the dispensary since it opened 2014 and will continue on in this role. Chai will remain open during the renovations and it is not expected to impact the dispensary’s operations. The newly renovated space will allow Chai to carry a much wider range of flowers, edibles, extracts and other cannabis products. The portion of the consideration paid in Captor shares was converted into approximately C$1,187,722 and 7,662,722 Captor Shares were issued at a deemed issue price of $0.155.ĭispensary renovations are set to begin shortly that will triple Chai’s sales floor space. Adding this dispensary, one of the most popular in the area (unaudited revenues of USD$8.4 in 2017), is expected to materially increase total revenues from Captor’s retail cannabis investments.Ĭhai was acquired for total consideration of USD$6,015,000, of which USD$4,390,950 was payable in cash closing, USD$721,800 of which was in the form of a promissory note and USD$902,250 was paid in shares of Captor.

#Captor capital stock license

Chai also possesses a license permitting cannabis delivery within the greater Santa Cruz area. (“Captor” or the “Company”) (CSE: CPTR FRANKFURT: NMV USOTC:NWURF) announced today it has completed its previously announced acquisition of a dispensary in Santa Cruz, California, Chai Cannabis Inc. 18, 2018 (GLOBE NEWSWIRE) - Captor Capital Corp. Leading Santa Cruz Dispensary Acquired by Captor CapitalĪdding Chai Cannabis continues to increase presence in California retail cannabis market September 18, 2018