The province has been hit with a windfall after a decision to close Saskatchewan liquor stores and sell of the permits.
Auctions for the permits started on February 6th, and closed February 24th. 35 online auctions were conducted by McDougall Auctions , with the the final tally for them sitting at just north of $45,000,000.
We are pleased to see these auctions come to a successful conclusion,” Minister Responsible for SLGA Lori Carr said. “The incredible amount of interest means that we will have additional revenue to put toward the high-quality public services we all enjoy.”
Pricing on the permits ranged from $450,000 for the SLGA permit in Carlyle to $3.2 Million dollars for the license in La Ronge.
The winning bidders now have to begin the application process for the retail store permit – ensuring that prospective retailers meet all SLGA requirements to hold a permit.
Currently all but seven SLGA retail locations in the province have closed. The remaining few are set to close their doors at the end of business on March 11th, 2023.