Profits Up, Sales Volume Down At NSLC
Sales at the Nova Scotia Liquor Corporation were up slightly last quarter as Nova Scotians spent more on both pot and booze.
Sales at the Nova Scotia Liquor Corporation were up slightly last quarter as Nova Scotians spent more on both pot and booze.
Cannabis NB won’t admit where its new Saint John store is, but signage in a vacant store and location-specific job ads reveal more than enough information.
Cannabis NB (CNB) saw a significant increase in its net income during the last quarter.
The corporation’s overall earnings were down more than two percent thanks to higher sales in low-margin categories like cannabis and local products.
A new cannabis farm north of Moncton is looking for volunteers to help test the cannabis it’s growing this season.
New Brunswick-based craft cannabis producer Crystal Cure is now selling two strains of its cannabis through the Nova Scotia Liquor Corporation.
The Nova Scotia Liquor Corporation revealed its spring price adjustments will boost the cost of alcohol by 3.5 percent, while cannabis prices will drop 2.75 percent.
Cannabis NB’s CEO announced the Crown corp is now a profiting, distinct business from its original parent company, Alcohol NB/ANBL.
Cannabis sales were partly responsible for a reduction in NSLC’s profit because pot carries a lower markup than other products. It also comes with increased freight and payroll costs.
A new bill tabled in the legislature November 30 would allow Cannabis NB to expand its model through private retail stores.