Proposed City of Kawartha Lakes cannabis store selected in 2nd AGCO lottery

The City of Kawartha Lakes has been selected to host a cannabis retail store following a second lottery draw by the Alcohol and Gaming Commission of Ontario (AGCO).

On Wednesday morning, AGCO announced the results of its cannabis retail licence draw, held Tuesday, which saw 42 new store authorizations.

READ MORE: 42 Ontario pot store licences awarded in 2nd lottery, 13 stores to be in Toronto

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Among them is Huge Shops Ontario Inc., which proposes a store at Fowlers Corners at 566 Frank Hill Rd and Highway 7 in the City of Kawartha Lakes. The proposed location also borders the city of Peterborough and was one of seven proposals chosen in the draw from the East Region.

The location currently houses a Coffee Time store.

Last December, FSD Pharma announced it was investing $1.3 million in the Toronto-based Huge Shops to acquire a minimum of 10 locations and become a recreational cannabis supplier.

FSD Pharma is also setting up a major medicinal marijuana facility in Cobourg.

READ MORE: New Cobourg medicinal marijuana facility aims to hire 1,500 people by 2021

AGCO says the 42 stores were selected from 4,864 eligible expressions of interest.

Selected applicants have until Aug. 29 to pay licensing fees and provide a letter of credit for $50,000 to the AGCO, at which point the regulator will undertake its full eligibility and licensing review. The AGCO will only license applicants and authorize stores that meet all legal and regulatory requirements.

More to come.

GanjaTours

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Proposed Barrhaven pot shop among winners of 2nd AGCO lottery

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An applicant behind a proposed retail pot shop in Barrhaven in Ottawa’s southwest end has won the chance to apply for an operating licence in Ontario’s second cannabis-store lottery. If approved by the Alcohol and Gaming Commission of Ontario (AGCO), the proposed shop at 4335 Strandherd Dr. would be the […]