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Over ten million dollars wasted on Ontario cannabis stores that were never opened
Business & Finance

Over ten million dollars wasted on Ontario cannabis stores that were never opened 

According to financial statements released by the Ontario Cannabis Retail Corporation (OCRC), at least $10.2 million was spent on cannabis stores that were never opened.

Of this figure, $8.9 million was spent on equipment and renovation write-offs, while $1.2 million was spent on leases and subsequent lease terminations — these were likely connected to a failed store in Guelph which never materialized.

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