Invested Amount Increased in Key Assets Including Heavenly Rx And Florida Cannabis Operations
SOL Global Investments Corp. (“SOL Global” or “Company”) (SOL.CN) (SOLCF) (9SB.F) released its financial results as at and for the three and six-month period ended September 30, 2019. All figures are reported in Canadian dollars ($), unless otherwise indicated.
Despite market-wide volatility, SOL Global held fast to its strategic direction and deepened its investments in the Florida cannabis market via One Plant Florida, formerly 3 Boys Farm, LLC. With the goal of producing the highest quality flower in the State of Florida, SOL Global invested an additional $8 million dollars USD into One Plant Florida to fund strategic initiatives to meet that goal, including the construction of its previously announced expansion of cultivation and processing facilities in Indiantown, the addition of a fleet of delivery vehicles, and the buildout of retail dispensaries in key retail corridors including the opening of the first dispensary in Boynton Beach, Florida on November 6, 2019. During the three-month period ended September 30, 2019, SOL Global and its competitors were affected by industry-wide material market challenges across the cannabis and CBD sectors. The Company plans to continue focusing its efforts and investments