I figured it was only a matter of time. Carmanah Technologies, one of the most celebrated companies on the TSX Venture exchange, has finally decided to apply for a listing on the Toronto Stock Exchange. At least that's what I'm hearing from company officials.

Carmanah is profitable, its revenues will nearly double this year, and its technology -- solar-powered LED lights -- are gaining worldwide exposure. It has completed the acquisition of Soltek Powersource Ltd., and raised $10 million in a private placement last month to support expansion plans and pursue more acquisition opportunities.

Graduating to the senior exchange just makes sense, and will give Carmanah much more -- and well-deserved -- exposure in the investor community.