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.
On a call with investors, CEO Michael Medline also claimed inflation was hurting his company’s bottom line, becuase not all the costs can be passed on to customers.
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.
Mark Leger reflects on grocery prices, profits, and getting his kids to eat cauliflower again.
Cannabis sales have consistently grown faster than alcohol sales at the Crown corporation.
Michael Medline says his company has done nothing wrong as it posts consistent profits in the face of spiking food costs.
Sales at the Nova Scotia Liquor Corporation were up slightly last quarter as Nova Scotians spent more on both pot and booze.
Cannabis NB (CNB) saw a significant increase in its net income during the last quarter.