As there appear to be no licensing records for the Cannanuke Inn, it is difficult to determine if this is in fact true. However, Charlwood does mention that Stone had purchased the Cannanuke Inn from "a man named Standring". Licensing records state that Benjamin Standring was the owner of the Frankston Hotel from 1857 to 1860. Also, according to the terms of his pre-emptive right to land licence, Davey did not have the right to sell or sub-let the Cannanuke Inn. It is therefore unlikely that Stone purchased or leased the Cannanuke Inn from Davey or Standring before the formal land sales for Frankston in 1854—and after which the name "Frankston" was already in use.