Nova Cannabis has reached a licence agreement with one of the lottery winners selected to apply for one of the first 25 cannabis retail licences in Ontario, with a location planned for Toronto.
The chief executive of Alcanna Inc., which operates five Nova Cannabis stores in Alberta, says as part of the agreement lottery winner Heather Conlon has the right to use its retail banner name.
James Burns added that Alcanna, in which licensed producer Aurora Cannabis has a 25 per cent stake, will assist with training, set up and construction of the store but it is not a franchise agreement.
The Alcohol and Gaming Commission of Ontario held a lottery last month to choose the 25 entities that would be eligible to apply for the initial batch of retail licences to open cannabis stores in the province starting April 1.
An application for a Nova Cannabis shop on Toronto’s Queen Street West has been made and will now be subject to public feedback for 15 days.
Other Ontario retail lottery winners have also reached agreements with cannabis retailers, including Spirit Leaf Inc. and High Tide Inc.