18:58:43 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,017,438,714
Close 2019-08-23 C$ 7.52
Market Cap C$ 7,651,139,129
Recent Sedar Documents

Globe says Aurora, rivals see one firm win six licences

2019-08-23 07:03 ET - In the News

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The Globe and Mail reports in its Friday edition that High Life Cannabis Co. has won six out of 42 opportunities to apply to open pot retail stores in Ontario's second licence lottery, raising questions about the fairness of the system. The Globe's Mark Rendell and Jameson Berkow write that before the results of the lottery had been announced, High Life's website listed 18 addresses under the heading, "More locations coming soon." Six of these addresses were drawn in the lottery. High Life itself is not named on any of the winning entries, which were submitted by private individuals. High Life, which operates a licensed store in Sudbury, has since removed the list of pending stores from its website. Applicants were allowed to submit only one entry for each location to the lottery. However, the number of applicants who could submit for each location was not limited. The Globe says a large number of individuals entered the lottery for the same addresses, boosting the odds that these sites would be selected. An unnamed lawyer says most of the 42 winners submitted entries as part of a group. One unsuccessful applicant said the practice of submitting multiple applications skewed the odds against his company.

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