17:28:40 EDT Thu 28 Mar 2024
Enter Symbol
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USA
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Emerald Health Therapeutics Inc
Symbol EMH
Shares Issued 141,443,116
Close 2019-01-14 C$ 3.25
Market Cap C$ 459,690,127
Recent Sedar Documents

Globe says Canopy, others hear Ontario rollout shaky

2019-01-14 08:20 ET - In the News

See In the News (C-WEED) Canopy Growth Corp

The Globe and Mail reports in it Monday edition that winners of the Ontario retail cannabis lottery are already being actively pursued by the big pot companies. The Globe's James Berkow writes that shut out of the opportunity to apply for one of Ontario's first 25 cannabis store permits, which were awarded by lottery Friday, the country's largest pot sellers are looking for other ways to plant their flags in Ontario. Nearly 17,000 expressions of interest were included in Friday's draw, two-thirds of which came from sole proprietorships, stacking the odds heavily against established retailers. National Access Cannabis chief executive officer Mark Goliger, criticized the province for allowing many of Ontario's first cannabis retail stores to be run by first-time business owners with no background in heavily regulated industries such as cannabis. Mr. Goliger said the lack of experience among most of Ontario's successful applicants will make it difficult to establish a competitive alternative to the illicit market. "This is not the way to establish a successful retail industry," Mr. Goliger told The Globe. "Unless, of course, [Ontario Premier Doug Ford] is not interested in seeing legal cannabis be a success."

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