GREY:YSSCF - Post by User
Post by
GoOilerson Mar 18, 2019 8:43am
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Post# 29499348
NEWS IS OUT!
NEWS IS OUT! CALGARY, Alberta, March 18, 2019 (GLOBE NEWSWIRE) -- Solo Growth Corp.™ (the “Company” or “Solo Growth”) (SOLO.V) is pleased to announce that Alberta Gaming, Liquor and Cannabis Commission (“AGLC”) inspections have been completed on two additional fully-constructed stores in Stony Plain and Spruce Grove, Alberta. The Company now has five built and inspected stores ready to open immediately upon granting of a license, which remains at the discretion of AGLC subject to the prevailing supply constraints in Canada.
An additional two stores located in Calgary and Edmonton are nearing completion and will be ready for inspection in the coming weeks. 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. The Company’s recently announced pivot to incorporate strategic opportunities within the cannabis sector will complement this organic strategy with the ultimate goal of further driving shareholder value.