Cannabis regulators in Ontario, Canada have announced the winners of the first 25 cannabis retail licenses in the province, according to the Financial Post.
Last week, the province opened a lottery for the first 25 licenses, though the limit is temporary. Now, regulators announced the lottery winners for operating a brick-and-mortar retail dispensary. In a surprising move, 64 percent of winners are not already established companies but rather Sole Proprietorships, or individuals.
Lottery winners now have until January 18 to submit a full Retail Operator License Application and pass a background check. Future licensees also must now pay $6,000 and obtain a letter of credit at a $50,000 minimum.
Should any of the winners fail to meet those requirements, Ontario regulators will begin pulling from the waitlist. Regulators have also included a built-in time pressure: if approved applicants do not have a store up and running by the end of April, they'll be fined $25,000.
East Region
Daniel Telio
Brandon long
Patterson and Lavoie
PURE ALPHA HOLDINGS
Karan Someshwar
Greater Toronto Area Region
Guruveer Singh Sangha
David Nguyen
Tripsetter Inc.
Alexander Altman
CGS FOODS INC
Gary Hatt
Toronto Region
Heather Conlon
SEYEDARASH SEYEDAMERI
Colin Campbell
Dana Michele Kendal
Hunny Gawri
North Region
Anton Lucic
Saturninus Partners
West Region
Steven Fry
Lisa A Bigioni
Ranjit basra
2674253 Ontario Inc.
Santino J Coppolino
Christopher Comrie
The Niagara Herbalist
Posted from my blog with SteemPress : https://www.ganjapreneur.com/ontario-announces-25-cannabis-retail-license-winners/