Ontario cannabis lottery winners announced. Here's why top industry experts are unhappy

G

gb123

Well-Known Member
"I should just start selling cannabis from coolers outside. What’s the point of playing by the rules for 20 years?" Hotbox founder Abi Roach tweeted

YES YOU SHOULD MORON!

It is lottery day in Ontario, where hopeful applicants are trying their luck at winning a coveted licence to open their very own cannabis retail store in the province.

The Alcohol and Gaming Commission of Ontario (AGCO) recently awarded 42 retail store authorizations, as well as an additional eight retail stores to be located on First Nations lands. Some of the winners were indeed very lucky, including Cannabis and Fine Edibles (CAFE), Toronto-based unlicensed cannabis store
Action in the GTA Region. Two stores listed at 20 Simcoe Street in Oshawa. Curious to see if AGCO lets one move, or requires one to withdraw. If the latter then number 1 on the waitlist moves up, who has the same address as one of hte other winners. They would presumably get



5
11:27 AM - Aug 21, 2019
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Here is the complete list of the recently announced winners:

West Region
Patricia Gertrude Donnelly
589 Fairway Rd. S.
Kitchener

Noah Soberano1135 Richmond St.
London

2249364 Ontario Inc.
1400 Upper James St. Suite 8
Hamilton

Pietro Greco
115 Division St.
Welland

Kyriakos G Anastasiadis
545 Ouellette Ave.
Windsor

11535447 Canada Corp.
Winonacrossing Shopping Centre
1338 S Service Rd., Building C 5 Unit 2,
Stoney Creek

Robert Chomiak
1310 Fanshawe Park Rd. W. Unit F1
London

Bara Bahlul
8685 Lundy’s Lane, Unit 6,
Niagara Falls

Eleonora Plata
1142 Wilson St. W. Unit 9
Ancaster

Hratch Abrahamian
395 Ontario St. Suite B2
St. Catharines

John Reynolds
120 Wyndham St. N.
Guelph



AGCO ✔ @Ont_AGCO

· 5h
AGCO has released the results of the second cannabis lottery. 42 applicants have been notified to apply for a cannabis Retail Store Authorization in Ontario. http://ow.ly/zZLh50vEwcM



Jeremy Potvin @jeremypotvin

Are you kidding!? Cafe won???

Hahahahahahahahahahaha

*takes huge breath, rolls eyes

Hahahahahahahahahahaha



26
10:32 AM - Aug 21, 2019
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East Region
Ronen Ackerman
2008 Commerce Park Dr.
Innisfil

Ethan Stark
4335 Strandherd Dr. Unit 3,4,5.
Nepean

Huge Shops Ontario Inc.
566 Frank Hill Rd.
Peterborough

German Olga
1988 Commerce Park Dr.
Innisfil

Ilim Uzunova
982 Commerce Park Dr.
Innisfil

Louis Laskovski
312 Hurontario St.
Collingwood

Sofia Kuliev
65 Collier St.
Barrie



jenna bobenna @jennav5

· 4h
Replying to @MattPMaurer
So wait —— the welland store has like 8 applications with the same location under different names - would that bump them out ???



Infosec Mike Zmuda @JungleStrikeGuy

it seems like 'let multiple people apply for the same address' is not a great idea



1
11:47 AM - Aug 21, 2019
 
G

gb123

Well-Known Member
GTA Region
Cory Floyd Cacciavillani
1025 Plains Rd. E.
Burlington

Ekrem Uzunova
20 Simcoe St. S.
Oshawa

Grant Willson
15243 Yonge St. Unit 3
Aurora

Corner Grass Corp.
5779 Main St. Unit 105
Stouffville

Ravino Junaev
20 Simcoe St. S.
Oshawa

2674620 Ontario Limited
1505 Guelph Line Unit 3-4
Burlington

Pretty sad that a merit-based process couldn't have been implemented @Ont_AGCO. Only encourages gaming of the system by larger organizations, and greedy monetization by people/groups who have no interest in running a store in the first place... #SAD
Toronto
9247220 Canadaltd.
570 Bloor St. W.
Toronto

Najla Guthrie
964 Kingston Rd.
Toronto

11180673 Canada Inc
104 Harbord St.
Toronto

1916384 Alberta Ltd.
619 King St. W.
Toronto

Jason Krulicki
2480-2490 Gerrard Street East Unit 20a
Toronto

Brian F Parker
1303 Queen St E.
Toronto

2197130 Alberta Ltd
1180 Queen St. W.
Toronto

Varant Kichian
213 Queen St. E.
Toronto

Maria Laura Rasile
237 Queen St. W.
Toronto

Helene Vassos
730 Danforth Ave Suite 1
Toronto

2464 Dufferin Inc.
2464 Dufferin St.
York

2708654 Ontario Ltd.
501 Church St Unit 4b
Toronto

Junaid Khan
815 Queen St. W.
Toronto

North Region
Thomas Miszuk
317 Northern Ave. E.
Sault Ste. Marie

Cc Alliance
273 Pine Street South
Timmins

Carl Ignatius
420 Second St. S.
Kenora

Gerald Harrison
1802 Victoria Ave. E.
Thunder Bay

Lorne J. Fine
390 Lakeshore Dr. Suite 3
North Bay

This is Ontario’s second lottery; the first had 17, 000 expressions of interest. The hope is that the second time around will avoid much of the criticism of the first lottery, including yielding “unprepared” applicants.

With round one, the 25 selected applicants had a $75 application fee and were required to provide proof of financial capability. This resulted in a number of applicants failing to provide the $6,000 licence fee and bank letter of $50,000 in available credit.

Round two rules are considerably more strict, likely to weed out the unprepared, suggests a story by City News, and ensure applicants have their ducks in a row prior to selection.
The GrowthOp sought the views of David Phillips, general counsel for public strategy and communications firm Navigator Ltd., and former executive at the Ontario Cannabis Retail Corporation, operating as the Ontario Cannabis Store (OCS). Asked about the first lottery and the potential impact of the new requirements on the second, Phillips said in an interview, “The province’s first lottery missed the mark badly. With a few notable exceptions, the majority of winners were simply in no position to set up and open a cannabis store. This led to a feeding frenzy where lottery winners essentially sold off their tickets to the highest bidder, making millions in the process.”

To improve the quality of applications for the second round, the AGCO required more than intent; it required proof. To be considered, a bank letter demonstrating access to $250,000 cash, and another letter showing $50,000 in available credit, were required. Applicants must also have proof that appropriate retail space and access to capital has been secured.

“This time around, the province appears to have done a much better job. We will, undoubtedly, have lottery winners in a much better position to set up and operate a store in a timely manner. Moreover, we will have significantly more Ontario communities receiving their first legal cannabis retail store,” Phillips predicted.
 
G

gb123

Well-Known Member
Of the 42 cannabis retail locations being awarded, the breakdown by region is as follows: East Region: seven stores; GTA Region: six stores; Toronto Region: 13 stores; West Region: 11 stores; and North Region: One store each in Kenora, North Bay, Sault Ste. Marie, Thunder Bay and Timmins.

In a press release, the AGCO has employed a third-party monitor to ensure fairness to oversee the lottery draw. After the lucky winners have secured their supply agreement with the OCS, they will be approved to open on a rolling basis, beginning this October.



— With additional inputs from Karen Longwell



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Abi Roach @abiroach


Not only is the @Ont_AGCO lottery system broken! CAFE getting picked shows that clearly.
I should just start selling cannabis from coolers outside. What’s the point of playing by the rules for 20 years?



118
orth Region
Thomas Miszuk
317 Northern Ave. E.
Sault Ste. Marie

Cc Alliance
273 Pine Street South
Timmins

Carl Ignatius
420 Second St. S.
Kenora

Gerald Harrison
1802 Victoria Ave. E.
Thunder Bay

Lorne J. Fine
390 Lakeshore Dr. Suite 3
North

This is Ontario’s second lottery; the first had 17, 000 expressions of interest. The hope is that the second time around will avoid much of the criticism of the first lottery, including yielding “unprepared” applicants.

With round one, the 25 selected applicants had a $75 application fee and were required to provide proof of financial capability. This resulted in a number of applicants failing to provide the $6,000 licence fee and bank letter of $50,000 in available credit.

Round two rules are considerably more strict, likely to weed out the unprepared, suggests a story by City News, and ensure applicants have their ducks in a row prior to selection.
The GrowthOp sought the views of David Phillips, general counsel for public strategy and communications firm Navigator Ltd., and former executive at the Ontario Cannabis Retail Corporation, operating as the Ontario Cannabis Store (OCS). Asked about the first lottery and the potential impact of the new requirements on the second, Phillips said in an interview, “The province’s first lottery missed the mark badly. With a few notable exceptions, the majority of winners were simply in no position to set up and open a cannabis store. This led to a feeding frenzy where lottery winners essentially sold off their tickets to the highest bidder, making millions in the process.”

To improve the quality of applications for the second round, the AGCO required more than intent; it required proof. To be considered, a bank letter demonstrating access to $250,000 cash, and another letter showing $50,000 in available credit, were required. Applicants must also have proof that appropriate retail space and access to capital has been secured.

“This time around, the province appears to have done a much better job. We will, undoubtedly, have lottery winners in a much better position to set up and operate a store in a timely manner. Moreover, we will have significantly more Ontario communities receiving their first legal cannabis retail store,” Phillips predicted.

Of the 42 cannabis retail locations being awarded, the breakdown by region is as follows: East Region: seven stores; GTA Region: six stores; Toronto Region: 13 stores; West Region: 11 stores; and North Region: One store each in Kenora, North Bay, Sault Ste. Marie, Thunder Bay and Timmins.

In a press release, the AGCO has employed a third-party monitor to ensure fairness to oversee the lottery draw. After the lucky winners have secured their supply agreement with the OCS, they will be approved to open on a rolling basis, beginning this October.
 
The Hippy

The Hippy

Well-Known Member
Who cares...it's like telling us they added 50 more shoppers drug marts...who fucking cares. The BM has all the good stuff.
You'd think some of these schmoes would take lesson from the stores already...not so good we hear.
 
TheRealDman

TheRealDman

Well-Known Member
With the exception of Alberta, every province (the main distributor of Schwag to these retail stores) have lost $10’s of millions of dollars. If the distributors are losing money hand-over-fist...how do these retail outlets ever expect to be profitable?!
 
CalyxCrusher

CalyxCrusher

Well-Known Member
TheRealDman said:
With the exception of Alberta, every province (the main distributor of Schwag to these retail stores) have lost $10’s of millions of dollars. If the distributors are losing money hand-over-fist...how do these retail outlets ever expect to be profitable?!
Click to expand...
That's why you don't see a large amount of LP run stores. They know it wouldn't turn a profit.
 
The Hippy

The Hippy

Well-Known Member
Imagine the gov and it ghouls even get to keep 92% of the take. The stores get 8%...good luck on that.
 
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