Big Spike In Beer And Pot Sales In New Brunswick
SAINT JOHN — NB Liquor and Cannabis NB both reported an increase in sales during the third quarter.
The crown corporations released unaudited results for the period between Oct. 3, 2022, and Jan. 1, 2023. They show sales at NB Liquor were up 1.8 percent on a year-over-year basis, coming in at $137.7 million. The Crown corporation reported $54 million in net income, an increase of 9.2 percent.
According to the figures, sales of wine, spirits, beer, coolers and cider were all up. Beer sales, however, saw the biggest increase at $1.1 million, up 2.1 percent.
NB Liquor reported 1.9 million transactions during the quarter with an average basket size of $44.54.
Meanwhile, Cannabis NB saw its sales jump five percent last quarter, to $21.6 million. Net income jumped a whopping 21.5 percent to $4.8 million, according to the unaudited figures.
Sales of accessories, edibles, topicals and concentrates increased by a combined $2.1 million. That helped offset a $1 million drop in sales of dried flower and extract, according to the Crown corporation.
Cannabis NB reported 361,000 transactions averaging nearly $60 each.
Brad Perry is the Regional News Director for New Brunswick at Acadia Broadcasting, Huddle content partners.