Canadian Rapper Drake has added a new event to his 7th annual OVO Festival. The new addition will be held on\u00a0Caribana Day, July 30, 2016 at the\u00a0TD Echo Beach, Toronto. The event will be headlined by Soca superstar\u00a0Machel Montano and Dancehall veteran Beenie Man. Drake made the announcement on Instagram Thursday. https:\/\/www.instagram.com\/p\/BHSv2UXj4v8\/?taken-bychampagnepapi OVO Fest is an annual music festival hosted by OVO Sound, a Canadian record label founded by rapper Drake and music producer Noah "40" Shebib. The festival is held in Toronto and has welcomed performances from such talent as Jay Z, Lauryn Hill, Stevie Wonder, Snoop Dogg and comedian Kevin Hart.