RE:Ontario news is good for HEXO
WCanopy Growth Corps (TSX:WEED, NYSE:CGC) Bruce Linton is all smiles about Ontarios just-announced plan to let private retailers handle the bricks and mortar end of recreational cannabis in the province. And why wouldnt he be? As CEO of Canadas biggest pot company, Linton is ready to move beyond wholesale crop production and start enjoying the higher profit margins that come with building out his retail cannabis empire. Yesterday, the government of Ontario confirmed that it will scrap the previous Liberal governments plan to open up province-run pot shops in favour of a combined public/private dynamic, one which will see the provincially owned Ontario Cannabis Store (OCS) open up online sales as of October 17, as per the federal governments mandate, while private retail is now slated to begin on April 1 of 2019.