I have just finished buying my second lolligator and a question popped in my head: how many lolligators are you limited to?
I tested this by buying 50 lolligators. I didn't reach any limit and, since 50 lolligators can convert almost 500,000 candies per second, the number may as well be limitless.
If there is a limit, it would be due to the maximum size of the integer used rather than any design choice and would not come up in any real game.
There is no limit on the lolligators you own. The code of the game does not employ any kind of limit.
In fact, to test it out, I bought 500 lolligators and my conversion rate jumped to
2.0582883235125174e+57/sec. This number is high enough that no one would ever want to get a conversion rate that high, and a limit higher than that would just be absurd.