Doug Ford government will switch to a private model, rather than keep storefront pot sales in the hands of the province.

Doug Ford is reportedly getting set to rip up his predecessor’s plan for recreational cannabis retail in Ontario. Multiple reports indicate the Progressive Conservative government will switch to a private model, rather than keep storefront pot sales in the hands of the province. 

There’s been ample criticism that the Ontario Cannabis Store rollout was happening too slowly, prompting fear the province won’t be ready on Oct. 17 to meet demand and pull sales out of the black market.  https://www.bnnbloomberg.ca/

The Globe and Mail reports in its Friday, July 27, edition that an unnamed source says Ontario Finance Minister Vic Fedeli and Attorney-General Caroline Mulroney will announce plans next week to allow the private sector to own and operate bricks-and-mortar cannabis shops. 

The Globe's Laura Stone and Christina Pellegrini write that the source says the government will still control the wholesale and distribution of the product to the stores and manage on-line sales.

 The move marks a seismic change in how Ontarians will shop for legal recreational weed come Oct. 17. It also opens the door for the companies and entrepreneurs that end up being awarded retail licences to profit from the green rush that has already been so lucrative for many investors and licensed producers. 

The province's previous Liberal government had planned to give the Liquor Control Board of Ontario a monopoly on the sale of recreational cannabis, with 40 physical stores set to open this year under a subsidiary of the LCBO called the Ontario Cannabis Store. 

Now, the Ontario system is expected to mirror the Alberta model. It is not known yet how many retail store licences will be granted under Ontario's new model.

© 2018 Canjex Publishing Ltd.

Anonymous On The Buy Side But Starting To Sell

Anonymous Created The Rally a buyer today.

I sense a leak about financials.

Clarus is the lead underwriter...they may know that the financials are good...
they invested net $7.2 million the since July 9th

Broker Positions for C:APH Broker #24 from 20180701 to 20180727

Date	Bought	$Val	Ave	Sold	$Val	Ave	Net	Position	$Net	$Position
20180709	25,000	292,462	11.698	0			25,000	25,000	-292,462	-292,462
20180710	100,000	1,203,083	12.031	0			100,000	125,000	-1,203,083	-1,495,545
20180720	200,000	2,074,596	10.373	0			200,000	325,000	-2,074,596	-3,570,141
20180723	100,000	1,106,048	11.06	0			100,000	425,000	-1,106,048	-4,676,189
20180727	250,000	2,742,081	10.968	17,900	194,573	10.87	232,100	657,100	-2,547,508	-7,223,697
TOTAL	675,000	7,418,270	10.99	17,900	194,573	10.87		657,100		-7,223,697

We think that anonymous is covering their short positions ahead of the financials next week on
Aug 1 2018. Then they plan to short after the rally and drive the price down again.

House Positions for C:APH from 20180727 to 20180727

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
24 Clarus	250,000	2,742,081	10.968	17,900	194,573	10.87	232,100	-2,547,508
13 Instinet	128,627	1,404,931	10.923	44,710	484,424	10.835	83,917	-920,507
1 Anonymous	1,497,265	16,288,527	10.879	1,415,949	15,422,957	10.892	81,316	-865,570
39 Merrill Lynch	209,169	2,276,869	10.885	131,424	1,431,240	10.89	77,745	-845,629
124 Questrade	140,304	1,529,328	10.90	89,131	970,933	10.893	51,173	-558,395
79 CIBC	1,043,310	11,345,818	10.875	1,010,533	10,990,471	10.876	32,777	-355,347
53 Morgan Stanley	43,163	469,842	10.885	15,572	171,601	11.02	27,591	-298,241
58 Qtrade	42,248	459,748	10.882	20,114	218,875	10.882	22,134	-240,873
143 Pershing	12,945	140,697	10.869	4,326	46,741	10.805	8,619	-93,956
89 Raymond James	4,600	49,912	10.85	0			4,600	-49,912
70 Manulife	4,000	43,491	10.873	400	4,349	10.873	3,600	-39,142
56 Edward Jones	1,800	19,586	10.881	390	4,235	10.859	1,410	-15,351
14 ITG	700	7,511	10.73	0			700	-7,511
88 Credential	4,790	52,287	10.916	4,183	45,974	10.991	607	-6,313
83 Mackie	500	5,460	10.92	0			500	-5,460
68 Leede	500	5,440	10.88	500	5,345	10.69	0	-95
94 Hampton	155	1,684	10.865	240	2,625	10.938	-85	941
59 PI	0			100	1,083	10.83	-100	1,083
76 Industrial Alliance	0			200	2,132	10.66	-200	2,132
28 BBS	5,300	57,348	10.82	5,773	62,803	10.879	-473	5,455
57 Interactive	1,480	16,302	11.015	2,181	23,953	10.983	-701	7,651
36 Latimer	2,820	30,616	10.857	4,318	46,986	10.881	-1,498	16,370
65 Goldman	613	6,639	10.83	5,400	58,515	10.836	-4,787	51,876
74 GMP	342,900	3,706,465	10.809	349,700	3,789,599	10.837	-6,800	83,134
2 RBC	346,573	3,779,803	10.906	355,128	3,873,823	10.908	-8,555	94,020
22 Fidelity	22,356	242,692	10.856	30,915	336,122	10.872	-8,559	93,430
72 Credit Suisse	3,300	36,608	11.093	13,000	141,146	10.857	-9,700	104,538
101 SG Capital	1,200	12,978	10.815	17,100	187,427	10.961	-15,900	174,449
99 Jitney	54,600	591,872	10.84	70,700	766,472	10.841	-16,100	174,600
19 Desjardins	10,599	115,663	10.913	27,382	298,151	10.889	-16,783	182,488
80 National Bank	78,872	857,076	10.867	104,095	1,131,050	10.866	-25,223	273,974
33 Canaccord	78,166	848,752	10.858	104,235	1,136,713	10.905	-26,069	287,961
85 Scotia	187,565	2,045,619	10.906	240,823	2,618,955	10.875	-53,258	573,336
9 BMO Nesbitt	172,015	1,877,215	10.913	246,051	2,683,554	10.906	-74,036	806,339
15 UBS	4,635	50,347	10.862	98,000	1,064,505	10.862	-93,365	1,014,158
7 TD Sec	533,693	5,803,147	10.874	800,290	8,705,022	10.877	-266,597	2,901,875
TOTAL	5,230,763	56,922,354	10.882	5,230,763	56,922,354	10.882	0	0