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Innisfil bidders miss money deadline, disqualified for cannabis stores

Posted August 30, 2019

The Alcohol and Gaming Commission of Ontario (AGCO) announced today only 29 of the 42 lottery picks met Wednesday's (Aug 28) deadline for completed applications including a $50,000 letter of credit, and $10,000 in non-refundable fees, to qualify for a cannabis retail operator license.

Innisfil's three lottery picks located in separate units on Commerce Park Drive, and the Collier Street in Barrie pick, were among the 12 disqualified for missing the deadline.

Louis Laskovski whose proposed location is at 312 Hurontario Street in Collingwood, met the deadline and is going through the remaining eligibility review process.

Simcoe County is located in the East Region which stretches to the Ottawa region, and was allocated seven of the 42 new outlets expected to open in October.

The AGCO elevated 13 from the waiting list including Michael Hassey at 231 / 241 Essa Road in Barrie. Mr. Hassey was 5th in line.

"An Applicant on the Selected List must be in possession of the retail space as set out in the Expression of Interest Application by October 1, 2019 or as otherwise agreed to by the Registrar. If an Applicant has moved from a Wait List to a Selected List, timelines for possession of the retail space will be adjusted by the Registrar," according to the AGCO. "The AGCO will only license applicants who meet all legal and regulatory requirements and is now beginning its comprehensive eligibility assessment of the applicants who submitted complete applications by the deadline. This assessment includes police and background checks on the applicants and on any other interested parties, as well as ongoing reviews for lottery rule violations. "

All stories, unless otherwise noted,
by Tony Veltri