Matt Maurer speaks to the Financial Post about the rush to buy out Ontario's first wave of cannabis retail lottery winners
As a number of prominent cannabis retail chains are in the process of taking ownership control of Ontario cannabis retail stores held by the winners of the first lottery round, the Financial Post spoke with Torkin Manes' Cannabis Law Group Co-Chair, Matt Maurer.
“The interesting thing to look out for would be buyers who are coming in fresh, trying to purchase independent stores now. How do you value a store that has had a four-month head start?” said Matt Maurer, partner and co-chair of the cannabis law group at Torkin Manes LLP.
“With the open allocation system, you’re buying the store knowing full well that you will have a lot of competition coming.”
This article was originally published in the Financial Post. To read more, click here.
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