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Aphria Inc
Symbol APHA
Shares Issued 250,159,940
Close 2019-02-08 C$ 12.33
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Globe/CP say Hexo, rivals see AGCO bar lottery winner

2019-02-08 07:43 ET - In the News

See In the News (C-HEXO) Hexo Corp

The Globe and Mail reports in its Friday edition that Ontario's Alcohol and Gaming Commission has disqualified one of the winners of a lottery held to apply for cannabis retail licences. A Canadian Press dispatch to The Globe reports that the agency says the entity has been removed for breaking a rule that prohibits someone from changing the name of the person on an application or the corporate structure of the company operating the store. The disqualified entity had won the right to apply for a pot retail licence in the Greater Toronto Area. The commission selected 25 winners through the lottery process last month. Those selected had five business days to turn in their applications, along with a $6,000 non-refundable fee and a $50,000 letter of credit, with the first private stores set to open April 1. The licences are being divided regionally, with five going to the east of the province, seven in the west, two in the north, six in the GTA and five in Toronto itself. Meanwhile, the Ontario Cannabis Store said it is increasing its ability to supply recreational pot by entering into supply agreements with five additional Health Canada-licensed producers and 11 new providers of cannabis accessories.

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