Stocks in play: Blackline Safety Corp
Announced it has expanded its manufacturing capacity at its Calgary, AB headquarters. The expansion which is poised to increase Blacklineโs production capacity by 30 to 50% was achieved by repurposing the companyโs existing space. The announcement comes on the heels of a milestone year which saw the companyโs global customer base climb to 1,800, with 150,000 workers protected by the companyโs game-changing safety wearables across North America. Over the last year, global demand for Blacklineโs real-time connected safety technology grew an average of 30%, while product rentals rose 214% and the companyโs cartridge line saw 165% growth. Blackline Safety Corp shares T.BLN are trading up $0.16 at $2.78.
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