10:27:00 EDT Fri 29 Mar 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 hear Ontario has pot gaps

2019-08-23 07:04 ET - In the News

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The Globe and Mail reports in its Friday edition that big chunks of Ontario will remain without a legal cannabis shop for some time. The Globe's Matt Lundy writes that the Alcohol and Gaming Commission of Ontario on Wednesday unveiled the 42 winners which can apply for a retail store licence, spread across five regions of the province. However, an analysis by The Globe shows that large parts of Eastern and Southwestern Ontario are left out -- at least, until the next lottery, or however the system evolves. As a result, thousands of potential clients will have to travel long distances -- perhaps even hours -- to buy legal weed in person. Needless to say, Ontario has taken a slow approach to adding pot stores, sparking waves of criticism. To date, 24 stores have been approved to open, and another has submitted its application. The provincial regulator recently announced eight first nations that can also apply for retail licences. All told, there will eventually be 75 stores serving Canada's most populous province of 14.5 million. Put another way, Ontario is slated to have 0.52 store for every 100,000 residents. AltaCorp Capital figures Ontario needs to add nearly 1,400 stores beyond the 75 either open or planned.

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