07:38:29 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,020,378,291
Close 2019-09-26 C$ 6.32
Market Cap C$ 6,448,790,799
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FP/CP say Aphria, rivals see pot lottery go to court

2019-09-26 08:16 ET - In the News

See In the News (C-APHA) Aphria Inc

The Financial Post reports in its Thursday edition that a legal battle over Ontario's pot shop licensing system focused Wednesday on the steps taken by the province to contact a number of applicants who were later disqualified for failing to file documents by a certain date. A Canadian Press dispatch to the Post reports that the group of 11 applicants is challenging the rejection and disputing the fairness of the procedures involved in the lottery. The group's lawyers argued Wednesday that under the rules set out by the provincial agency overseeing the process, those who win the chance to apply must submit certain documents within five business days once they are notified of their selection. They said an e-mail alerting their clients of the lottery's outcome and the application timeline did not go through, and as such, the deadline should have been recalculated based on when the message was actually delivered. The Alcohol and Gaming Commission of Ontario "just determined that the attempt-to-notify was sufficient" to trigger the countdown, which is unfair and unreasonable, attorney Michael Lacy told a three-judge panel. As a result, he argued, the commission was not entitled to disqualify the 11 applicants.

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