10:52:38 EDT Wed 09 Jul 2025
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or Name
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CA



Andrew Peller Ltd
Symbol ADW
Shares Issued 35,243,647
Close 2024-07-25 C$ 4.30
Market Cap C$ 151,547,682
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Globe says Corby, rivals see LCBO sued over pricing

2024-07-25 07:58 ET - In the News

See In the News (C-CSW) Corby Spirit and Wine Ltd

The Globe and Mail reports in its Thursday, July 25, edition that several major alcohol suppliers have filed a lawsuit against the Liquor Control Board of Ontario, claiming unfair fines due to "contradictory pricing policies." The Globe's Caroline Alphonso writes that the suppliers filed a notice of application with the Ontario Superior Court of Justice on Tuesday. They are seeking an order from the court that declares a pricing provision, which requires suppliers to sell to the Crown corporation at the lowest price in Canada, "of no force and effect." They have also filed a complaint with the Competition Bureau of Canada alleging that the LCBO's enforcement of this pricing provision is anti-competitive and hurts consumers across the country. Spirits Canada said that suppliers were blindsided by retroactive tax bills from the LCBO that dated back to April, 2023, and another set issued last week, amounting to upward of $100-million. The LCBO disputed the claim in a statement on Wednesday and said these are not fines and it is following the terms of its contracts with the suppliers. The suppliers are makers of brands that include Crown Royal, Canadian Club, JP Wiser's, Forty Creek, Bacardi Rum and El Jimador Tequila.

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