Solo news from Bmo investorline
TSXV's Solo Growth Edges Up In Heavy Trade As It Readies Alberta Retail Cannabis Network
18 Mar 2019 09:46 ET
09:46 AM EDT, 03/18/2019 (MT Newswires) -- Solo Growth (SOLO.V) edged up in heavy trading after the companyon Monday said Alberta regulators completed inspections on two of its cannabis retail stores in the province, even as it waits for the province to again approve new retail openings.
The company said the Alberta Gaming, Liquor & Cannabis Commission said the two stores in the Edmonton region are fully built and ready to open, adding to three others already awaiting supplies from the commission, which last year suspended new retail openings to combat a lack of cannabis supply.
"Since the announcement of the temporary AGLC licensing suspension, the company has slowed construction and will continue to execute on the organic component of its growth strategy which is focused on carefully managing financial commitments, high grading locations, prioritizing construction resources and pursuing cost optimization," it said in a release.
Solo shares were last seen up $0.005 to $0.007 on the TSX Venture Exchange, on volume of 1.65 million, making it the most active issue on the exchange.
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