04:52:00 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Aphria Inc
Symbol APHA
Shares Issued 251,039,120
Close 2019-08-22 C$ 8.65
Market Cap C$ 2,171,488,388
Recent Sedar Documents

Globe says Hexo, rivals hear retail lottery panned

2019-08-22 07:07 ET - In the News

See In the News (C-HEXO) Hexo Corp

The Globe and Mail reports in its Thursday edition that the Ontario government is facing fresh criticism over its cannabis retail rollout after a second lottery to award store licences led to clusters of winners in small areas and shut out established retailers. The Globe's Mark Rendell and Jameson Berkow write that on Wednesday, the Alcohol and Gaming Commission of Ontario announced 42 winners of the right to apply for cannabis retail licences across five regions in the province. Observers said the results show that the government has failed to address problems that arose after the first lottery in January -- and possibly create new problems. "We are going to see another feeding frenzy where you have these golden ticket winners out there, essentially auctioning off their ticket to the highest bidder," said David Phillips, former president of the government-owned Ontario Cannabis Store and current general counsel and principal of communications firm Navigator. No established retailers were picked in the draw. After 25 mostly first-time business owners won the first lottery last January, established cannabis retailers paid winners millions of dollars for the right to put their brand names on their stores.

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