Thursday, March 21, 2019 4:41:43 PM
Alberta Gaming, Liquor and Cannabis Commission (AGLC) inspections have been completed on Solo Growth Corp.'s two additional fully constructed stores in Stony Plain and Spruce Grove, Alta. The company now has five built and inspected stores ready to open immediately upon granting of a licence, which remains at the discretion of AGLC subject to the prevailing supply constraints in Canada.
+ 2 more stores soon:
An additional two stores located in Calgary and Edmonton are nearing completion and will be ready for inspection in the coming weeks
-> 7 stores in total (soon) ready to go!
+ the bought one store which is fully operational right now.
Solo Growth Corp. has entered into and closed a definitive agreement, effective March 20, 2019, with respect to a call right on all of the voting shares of a licensed operating retail cannabis store in Red Deer, Alta., for aggregate cash consideration of $2.6-million. Concurrent with the acquisition of the call right, the company entered into a perpetual licensing agreement to rebrand and operate the store under the YSS banner.
Acquisition highlights
Opened Nov. 22, 2018, the location has an established market presence with a growing customer base;
One of two currently licensed legal cannabis retailers in Red Deer, operating as Green Town;
Aggregate revenue from opening to Feb. 28, 2019, of $1.3-million;
this stock will trade .20 very soon.
lots of promo comming. lots of news comming.
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