Meta Growth (TSXV:META) announced that the two winners of the Ontario cannabis store lottery which the company has entered into agreements with have received their licenses to operate a retail location.
As quoted in the press release:
“Receipt of their Retail Operators License is a major milestone for the lottery winners,” said Mark Goliger, CEO of Meta Growth. “The last step to open these stores is to pass store inspection and considering the construction is in its final stage, we expect this in a matter of days for Toronto and a few weeks for Kitchener.”
On December 12, 2019, the Government of Ontario identified that until August 31, 2020, retail operators may own a maximum of 10 cannabis stores, increasing to 30 in September 2020.