AGCO News Release

AGCO releases results of the second cannabis lottery: 42 applicants notified to apply for a cannabis Retail Store Authorization in Ontario.

NEWS

The Alcohol and Gaming Commission of Ontario (AGCO) has released the results of the cannabis retail store lottery draw it held on August 20, 2019. The lottery provided those who met pre-qualification requirements for one of the 42 new store authorizations announced by the Government of Ontario on July 3, 2019, an opportunity to be selected to apply for one.

4,864 eligible expressions of interest were included in the lottery draw, which was overseen by a third-party fairness monitor. The AGCO has notified the following 42 selected applicants that they may now apply for a cannabis Retail Operator Licence and a Retail Store Authorization. Applicants have until August 28, 2019 to do so, at which point the AGCO will undertake its full eligibility and licensing review. The AGCO will only licence applicants and authorize stores that meet all legal and regulatory requirements.

SELECTED APPLICANTS AND THEIR PROPOSED STORE LOCATIONS

East Region Applicant Name Municipality Proposed Store Address Ronen Ackerman INNISFIL 2008 COMMERCE PARK DR Ethan Stark OTTAWA 4335 STRANDHERD DR UNIT 3,4,5 Huge Shops Ontario Inc. KAWARTHA LAKES 566 FRANK HILL RD GERMAN OLGA INNISFIL 1988 COMMERCE PARK DR Ilim Uzunova INNISFIL 1982 COMMERCE PARK DR Louis Laskovski COLLINGWOOD 312 HURONTARIO ST Sofia Kuliev BARRIE 65 COLLIER ST

GTA Region Applicant Name Municipality Proposed Store Address Cory Floyd Cacciavillani BURLINGTON 1025 PLAINS RD E Ekrem Uzunova OSHAWA 20 SIMCOE ST S Grant Willson AURORA 15243 YONGE ST UNIT 3 Corner Grass Corp. STOUFFVILLE 5779 MAIN ST UNIT 105 Ravino Junaev OSHAWA 20 SIMCOE ST S 2674620 Ontario Limited BURLINGTON 1505 GUELPH LINE UNIT 3-4

North Region Applicant Name Municipality Proposed Store Address Carl Ignatius Kenora 420 SECOND ST S Lorne J. Fine North Bay 390 LAKESHORE DR SUITE 3 Thomas miszuk Sault Ste. Marie 317 NORTHERN AVE E Gerald Harrison Thunder Bay 1802 VICTORIA AVE E CC alliance Timmins 273 PINE STREET S

Toronto Region Applicant Name Municipality Proposed Store Address 9247220 CANADA LTD . Toronto 570 BLOOR ST W Najla Guthrie Toronto 964 KINGSTON RD 11180673 Canada Inc Toronto 104 HARBORD ST 1916384 Alberta Ltd. Toronto 619 KING ST W Jason Krulicki Toronto 2480-2490 GERRARD STREET EAST UNIT 20A Brian F Parker Toronto 1303 QUEEN ST E 2197130 alberta ltd Toronto 1180 QUEEN ST W Varant Kichian Toronto 213 QUEEN ST E Maria Laura Rasile Toronto 237 QUEEN ST W Helene Vassos Toronto 730 DANFORTH AVE SUITE 1 2464 Dufferin Inc. Toronto 2464 DUFFERIN ST 2708654 Ontario Ltd. Toronto 501 CHURCH ST UNIT 4B Junaid Khan Toronto 815 QUEEN ST W TORONTO ON

West Region Applicant Name Municipality Proposed Store Address PATRICIA , GERTRUDE , DONNELLY KITCHENER 589 FAIRWAY RD S Noah Soberano LONDON 1135 RICHMOND ST 2249364 Ontario Inc. HAMILTON 1400 UPPER JAMES ST SUITE 8 Pietro Greco WELLAND 115 DIVISION ST Kyriakos G Anastasiadis WINDSOR 545 OUELLETTE AVE 11535447 Canada Corp. STONEY CREEK 1338 S SERVICE RD , BUILDING C 5 UNIT 2, WINONA CROSSING SHOPPING CENTRE ROBERT CHOMIAK LONDON 1310 FANSHAWE PARK RD W UNIT F1 BARA BAHLUL NIAGARA FALLS 8685 LUNDY ’S LANE , UNIT 6, Eleonora Plata ANCASTER 1142 WILSON ST W UNIT 9 Hratch Abrahamian ST CATHARINES 395 ONTARIO ST SUITE B2 JOHN REYNOLDS GUELPH 120 WYNDHAM ST N

Additional Information

About the AGCO

The Alcohol and Gaming Commission of Ontario (AGCO) is an Ontario provincial regulatory agency reporting to the Ministry of the Attorney General (MAG). The agency was established on February 23, 1998 under the Alcohol, Cannabis and Gaming Regulation and Public Protection Act, 1996.

The AGCO is responsible for regulating the alcohol, lottery and gaming, horse racing and private cannabis retail sectors in accordance with the principles of honesty and integrity, and in the public interest.

Media Contact:

Raymond Kahnert, Senior Advisor, Communications

(416) 326-3202, media@agco.ca

FACT SHEET

On July 3, 2019, the Government of Ontario announced 50 new cannabis retail store authorizations would be made available. Of these 50 new stores, the AGCO will allocate up to 42 authorizations to applicants selected by lottery and eight to stores on First Nations reserves.

will allocate up to 42 authorizations to applicants selected by lottery and eight to stores on First Nations reserves. Applicants who wished to participate in this lottery had to meet pre-qualification requirements, including confirmation from a bank, credit union, or caisse populaire that the applicant has the financial capacity to obtain $250,000 in cash or cash equivalents; confirmation from a bank, credit union, or caisse populaire that the applicant can obtain a Standby Letter of Credit in the amount of $50,000 within five business days of being notified of their selection; confirmation that the applicant has secured a suitable retail space, which will be available to them for operating a cannabis retail store no later than October 2019

The required bank letters were provided to the lottery applicants by over 25 banking institutions

Once the AGCO receives Retail Store Authorization applications from those selected in the lottery, residents of the community in which a store is proposed to be located will have an opportunity to provide written submissions if they believe the location of the store is not in the public interest, as defined by Ontario Regulation 468/18 made under the Cannabis Licence Act, 2018

receives Retail Store Authorization applications from those selected in the lottery, residents of the community in which a store is proposed to be located will have an opportunity to provide written submissions if they believe the location of the store is not in the public interest, as defined by Ontario Regulation 468/18 made under the Cannabis Licence Act, 2018 It is anticipated that stores will begin to open starting in October 2019, as they are ready

The AGCO has placed the applicants not selected in the lottery on Wait Lists for each Region, based on the order in which they were drawn. Applicants on the Wait List will be moved to the selected list if those ahead of them are found to be ineligible for a licence/authorization or are otherwise disqualified

has placed the applicants not selected in the lottery on Wait Lists for each Region, based on the order in which they were drawn. Applicants on the Wait List will be moved to the selected list if those ahead of them are found to be ineligible for a licence/authorization or are otherwise disqualified In the future, if the Government proceeds with additional retail store allocations before moving to an open marketplace, any such allocations may be based on the results from this lottery

Inquiries from News Media

416-326-3202

media@agco.ca

All other inquiries

Submit inquiries or complaints to Customer Service through the iAGCO portal or call 416-326-8700 (1-800-522-2876 toll-free in Ontario).