Ontario’s 25 Cannabis Licence Lottery Winners Fielding Investment, Business Offers

Article by Armina Ligaya, CTV News

Ontario's 25 pot licence lottery winners fielding investment, business offers A vendor displays marijuana for sale during the 4-20 annual marijuana celebration in Vancouver on April 20, 2018

Businesses and investors are rushing to partner with the 25 winners of the Ontario cannabis retail licence lottery, with offers apparently worth millions of dollars, to be involved in the province’s first recreational weed stores set to open this spring.

Olivia Brown, the founder of Hamilton, Ont.-based Professional Cannabis Consulting, says one of her clients was among the 25 entities selected by the province via lottery, and has fielded three “big offers” on Monday alone.

“There’s a couple of large investors, one from the United States, one of them from Amsterdam… a very established Hamilton family looking to invest,” said Brown, who said her client did not want to be named.

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