GREY:YSSCF - Post by User
Post by
DarrenYaToJumpon Mar 28, 2019 9:10pm
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Post# 29551682
AGLC Odds for Solo
AGLC Odds for SoloAs soon as AGLC allows a few more retail licenses, SOLO still has a slight chance that it is not next in line for the approved licenses (even though it sounds like they are close to being chosen).
There are currently over 630 licenses awaiting approval and SOLO has only 23 waiting. Which means they have a less than 4% chance of getting a license (if it was lottery style).
The AGLC has clearly stated that the application and licensing process is a first in, first out process so this could mean potentially next year approval for SOLO. The uncertainty has pressured some investors to sell (dump) shares based on this.
Wait for updates from the AGLC in April or May about retail licenses and federally approved producers.
In the meantime, look into Alberta based soon to be federal producer and supplier to AGLC. "SUGR".