Innisfil bidders miss money deadline, disqualified for
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
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. "