When Drake hosted the first OVO Fest at the Molson Ampitheatre last year he suggested that he'd like to make it an annual event. Well, the good news is that version number one was enough of a success to warrant a second go-around, which will take place on July 31st at the same venue.

Needless to say, speculation has already started as to who the special guests will be. Last year concert-goers went nuts when the likes of Jay-Z, Eminem, and Kardinal Offishall took the stage. Pre-announced guests like Young Jeezy, Francis & the Lights and Bun B weren't anything to shake a stick at, to be sure, but come on, it was Jay-Z.

On the official docket this year are Rick Ross (a special guest last year), Drizzy and The Weeknd. It's anyone's guess when it comes to who else will make an appearance, but Drake has set himself some mighty precedence, so it's reasonable to expect that some big-league names will be in town.

Tickets go on sale via LiveNation, Ticketmaster and at the Molson Ampitheatre Box Office on June 3rd at 11:00 a.m.

Photo of Drake at the MMVAs by Paul Flynn in the blogTO Flickr pool.