13:52:20 EDT Fri 29 May 2020
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Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,020,378,291
Close 2019-09-11 C$ 8.51
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FP says Aphria, rivals see legal challenge hit lottery

2019-09-12 09:40 ET - In the News

See In the News (C-APHA) Aphria Inc

The Financial Post reports in its Thursday, Sept. 12, edition that eleven Ontario cannabis retail lottery winners have filed a legal challenge against the Alcohol and Gaming Commission of Ontario (AGCO) for disqualifying them from the lottery process, arguing the AGCO'S decision was "fundamentally wrong" and reached by a "procedurally unfair process." The Post's Vanmala Subramaniam writes that seven of those eleven lottery winners -- chosen on Aug. 20 -- used addresses linked to legal cannabis retailer Highlife Cannabis on their applications. A Post investigation days after the lottery draw found that more than 100 different individuals used 14 Highlife-linked addresses to submit more than 650 applications to the AGCO, emerging with seven out of 42 lottery wins. All seven of those winners, and an additional four, were subsequently disqualified by the AGCO for allegedly not submitting a $50,000 letter of credit by the deadline required to receive a Retail Store Authorization licence. The 11 winners have now filed a notice of application for judicial review of the decision, saying that they did in fact submit letters of credit within the deadline, complying with AGCO lottery rules.

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