Pot store greenlit for Fowlers Corners
Huge Shops to team up with Coffee Time for cannabis retail
Coffee Time in Fowlers Corners may soon be converted into a marijuana store after the location was selected as one of the 42 new marijuana stores in Ontario.
The province’s second cannabis store lottery results were announced Wednesday and the coffee shop at Highway 7 and Lindsay Road between Peterborough and Omemee is on the list.
The idea is to convert the coffee shop into a retail weed store, operated by Huge Shops, a Toronto-based cannabis retailer.
Michael Potts, the president of Huge Shops, confirmed the lottery win in an email to the Examiner Wednesday.
“We are very excited with our selection and look forward to operating in Peterborough,” Potts wrote.
But the deal isn’t carved in stone just yet.
Huge Shops officials have to complete an application that will be vetted by the Alcohol and Gaming Commission of Ontario, which regulates the sector.
Lottery winners have until Wednesday to get their forms in, pay licensing fees and provide a letter of credit for an additional $50,000 to AGCO.
In December, FSD Pharma Inc, a licensed producer based in the former Kraft plant in Cobourg, invested $1.3 million in Huge Shops to help the company’s plans to convert some Coffee Time locations into marijuana retail stores in Ontario.
Huge Shops reached a deal to take over a least 10 Coffee Time locations, with the option to by more sites through the café’s
parent company, Chairman’s Brands.
FSD officials have said Huge Shops deal with Chairman’s Brands gives the company access to a “network with a well-established consumer base.”
Yet Coffee Time’s branding won’t be associated with Huge Shops if the cannabis business takes over.
Any Coffee Time taken over by Huge Shops will be rebranded and operated independently from the café.
A second location on Chemong Road was also selected as a runner-up, if Huge Shops’ vetting falls through.
Lloyd Tucker is on a wait-list for the east region but couldn’t be reached for comment.
The address Tucker provided for the potential pot shop is 1434 Chemong Rd., Unit 1. The unit is in the Northview Commerce Court.
The space was formerly occupied by Shaw Computer Systems Inc., which moved to King Street.
To be eligible for the second cannabis store lottery, applicants had to prove they’d secured retail space that was preapproved to sell pot.
Applicants also had to show that they had enough capital — to the sum of $250,000 — in the coffers to open it.
Ontario’s brick-and-mortar cannabis retail stores opened April 1, after 25 licences were approved.
Before that, pot could only be bought legally online through the Ontario Cannabis Store, a government-run website. Marijuana was legalized on Oct. 17. While some provinces have restricted pot smoking to private residences and properties, in Ontario, it can be puffed anywhere cigarettes and vaping can.
The province’s 42 stores will be spread as follows: 13 in Toronto, six in the Greater Toronto Area, 11 in the west region, seven in the east region, along with: Kenora, North Bay, Sault Ste. Marie, Thunder Bay and Timmins for the northern region.
Another eight shops will be located on First Nations reserves, but none of those are in the Peterborough area. Candidates were selected last month and are now undergoing vetting.
The Coffee Time store location is set to be rebranded as Huge Shops and operated independently from the coffee shop.