Profits up at NSLC
Nova Scotians bought less alcohol but the NSLC made more money over the course of the corporation’s most recent fiscal year.
Nova Scotians bought less alcohol but the NSLC made more money over the course of the corporation’s most recent fiscal year.
Nova Scotians bought slightly more alcohol over the last three months compared to the same period last year. However, higher booze prices meant the Nova Scotia Liquor Corporation brought in more profit.
New Brunswickers spent more on more beer and pot over the last four months than they did the previous year.
The company says it brought in $13 million by growing larger, more efficient, and producing less expensive harvests.
Greenherb Farms got permission to sell its products late last year and is now starting product testing as it looks to expand its market.
Sales of edibles, topicals and concentrates grew a combined $1.5 million last quarter, helping to offset a $2.3 million drop in dried flower, extract, and accessory sales.
More than 60 employees were laid off when Canopy Growth closed the facility in 2020.
Cannabis sales have consistently grown faster than alcohol sales at the Crown corporation.
On September 7, Cannabis NB disclosed plans to open 10 private retail stores across the province in Hampton, St. Andrews, Grand Bay, Bouctouche, Caraquet, Dalhousie, St-Quentin, Blackville, Chipman, and Salisbury.