In the past week the Allied Corp (OTCMKTS:ALID) stock has managed to deliver gains of as much as 76% to its shareholders and yesterday, the company was in the news again after it made a key announcement.
Allied announced yesterday that it was successful in completing the construction of its modular building that spans across an 8900 square foot. The building in question is situated in the City of North Las Vegas at this point in time. However, it is perhaps more important for investors to note that the authorities of the City of North Las Vegas have also provided the approval necessary for the land use related to the location of the said building.
However, on the other hand, it is also important to keep in mind that the engineering approvals from the State of Nevada are still pending. Until those approvals come through, Allied Corp will not be able to move forward with the building permit. The size of the building is such that it will be able to receive Columbia CBD items and then process it into a range of different products. The latest announcements from the company is a positive one and one that might bring the Allied stock into sharper focus.