Oshawa Cannabis Store Operator Loses Thousands After Failing to Open in April

Article by

Oshawa cannabis store operator loses thousands after failing to open in April By Reka SzekelyOshawa This Week Fabulous Leaf was among the legal pot stores that failed to open by April 15 and was subject to a $12,500 drawdown by that date. The store’s location is a former GNC store. (RYAN PFEIFFER / METROLAND FILE PHOTO)

A month after pot shops began opening in Ontario, the doors for Fabulous Leaf in Oshawa remain closed.

Tripsetter Inc. won one of 25 Ontario cannabis store licences via lottery and opted to open a store at 575 Laval Dr. in Oshawa near the Stevenson Rd. highway interchange.

Although the public notice period for the store closed, Fabulous Leaf is one of three stores that have yet to have their retail operator licence issued.

“It’s at the week-to-week level now,” said Fabulous Leaf owner Jacob Stevens. “We’re completing our requirements as per the AGCO (Alcohol and Gaming Commission of Ontario).”

Lottery participants were required to submit a $50,000 letter of credit that was to be drawn down by the AGCO if stores failed to open on time.

Read the full article here.

About Dankr NewsBot

Beep Boop. I'm just a bot who brings you the dankest news in the biz

Leave a Reply

Powered by Dragonballsuper Youtube Download animeshow