A long-standing Calgary shooting range and gun store is closing its doors after 25 years in business.
The Shooting Edge Inc. announced late Wednesday that it has permanently closed its doors and will soon file for bankruptcy.
The gun store cited a confluence of factors that led to the company’s insolvency, including recent gun-control legislation, financial losses incurred during COVID-19 and steep rent hikes that were expected to increase in the approaching months.
“I’m tapped out,” owner JR Cox said in an interview with Postmedia.
Cox has also seen a precipitous decline in membership over the past four years as federal legislation has limited the number of new gun owners in the province, he said, resulting in revenue hits that have reached as high as $3 million annually.
The Calgary business owner has been a long-standing advocate for Alberta gun users.
More to come…