Supreme Cannabis Company Inc. (The) T.FIRE

FROM BNN

[jfogarty12]

Ontario retailers cheer move to double pot shop authorizations to 40 a month 
Ontario cannabis retailers are cheering the Alcohol and Gaming Commission of Ontario's decision to double the amount of pot shops it will authorize and licence in the province to 40 each month, starting this fall. The decision, made late Tuesday, will likely ensure that many of the retailers who have been burning thousands of dollars and waiting months for licence approvals will be able to open their doors sooner than later. Sessions Cannabis CEO Steven Fry told BNN Bloomberg he expects that some of the company’s 27 stores still waiting for approval to see their licence applications advanced by about six months. Desjardins analyst John Chu expects the announcement to see Ontario more than quadruple the amount of pot shops in the province to 700 by the end of next year.