07:57:55 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,017,438,714
Close 2019-08-20 C$ 7.87
Market Cap C$ 8,007,242,679
Recent Sedar Documents

Globe/CP say Hexo, rivals see Ontario hold 2nd lottery

2019-08-21 07:35 ET - In the News

See In the News (C-HEXO) Hexo Corp

The Globe and Mail reports in its Wednesday edition that Ontario held its second lottery to select operators hoping to run cannabis shops in the province. A Canadian Press dispatch to The Globe reports that the Alcohol and Gaming Commission of Ontario selected 42 companies Tuesday that can apply for pot store licences, with the results expected to be made public on Wednesday. Applicants have to show evidence that if they are selected, they have secured retail space that could be used as a store and have enough capital to open it. Those selected will have until Aug. 28 to pay licensing fees and provide a letter of credit for $50,000 to the regulator. The 42 new stores will be distributed regionally, with 13 in the city of Toronto, six going to the Greater Toronto Area, 11 in the west region, seven going to the east region and in the North, one each in Kenora, North Bay, Sault Ste. Marie, Thunder Bay and Timmins. Another eight stores will be located on first nations reserves through a separate process. Applicants for those store licences were selected last month and are currently in the midst of being greenlit, the AGCO said. The latest lottery means the number of pot shops allowed in Ontario will rise to 75.

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