![]() ![]() The Company will continue to hold its 51% equity interest in CRG as the termination coincides with the Company’s decision to pursue the Strategic Review with the intention of maximizing shareholder value. ![]() (“ Three Habitat”) concerning the termination of the Company’s definitive stock purchase agreement with Three Habitat to acquire Three Habitat’s remaining 49% equity interest in CRG, previously announced on December 14, 2021. The Company further announces today that it has delivered a termination notice to Three Habitat Holdco Inc. In addition, the board of directors intends to reduce the number of board seats from six to four, with the resigning directors and their resignation dates being announced at a future date. The Company also announces today that, as part of the Strategic Review process, it will be taking steps to reduce operating expenses with the goal of producing substantial annual savings. The Company, CRG and Eight Capital have not yet set a definitive schedule to complete the identification, examination and consideration of strategic alternatives. The Company cautions that there can be no assurances that the process will result in Captor Capital entering into a transaction or, if a transaction is undertaken, as to the terms or timing of such transaction. It is the Company’s current intention not to disclose developments with respect to the process unless and until the board of directors has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate, or as required under applicable securities laws. The Strategic Review process has not been initiated as a result of receiving any offer or the entering into of any definitive purchase agreement and consequently, there are no assurances that a transaction will be undertaken. CRG has engaged Eight Capital, as its exclusive financial advisor, to assist in the comprehensive review, analysis and completion of such strategic alternatives. (“ CRG”), which owns and operates the One Plant chain of retail dispensaries in the State of California, either in one transaction or in a series of transactions, with the net proceeds being paid out through dividends to the shareholders of the Company on a pro-rated basis. The strategic alternatives being pursued include the potential sale of all or a material portion of the Company’s 51% equity interest in Captor Retail Group Inc. Brady Cobb, a cannabis industry veteran, has been named as the interim chairman of the board of directors, effective July 1, 2022, to oversee the leadership of the Company and the Strategic Review process with an eye towards maximizing operational efficiencies and charting the most accretive path forward to maximize shareholder value. (CSE: CPTR FRANKFURT: NMVA STUTTGART: NMVA), (“Captor Capital” or the “Company”), announces today that the board of directors has initiated a process to identify, examine and pursue strategic alternatives to the Company’s current business (the “ Strategic Review”). TORONTO, J(GLOBE NEWSWIRE) - Captor Capital Corp.
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