The Alcohol and Gaming Commission of Ontario (AGCO) revealed the 42 cannabis retail license winners on Tuesday, generating excitement among licensed Canadian pot stocks hoping to capitalize on the province’s expanding retail market.
Applicants were required to meet pre-qualification requirements, including a letter from a bank or financial institute to confirm access to $250,000 CAD in funding as well as proof they have secured a suitable retail space. Those selected now have until August 28 to pay licensing fees and provide another letter from a bank for an additional $500,000 CAD.
“The AGCO will ...
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