NB Liquor and Cannabis NB report third quarter sales increases and profits
|Toronto Star 13 Jan 2021 at 16:12|
NB Liquor says total sales for the 13-week period were $132.4 million — up 10.3 per cent compared with the same quarter last year — with net income of $52.6 million.
Cannabis NB, meanwhile, had total sales of $19.3 million — up 76 per cent over the same quarter in 2019.
Lori Stickles, Cannabis NB acting president, says net profit for the quarter was $2.8 million and says she anticipates a profit of $10 million for the year.
The New Brunswick government has explored the possibility of privatizing Cannabis NB’s retail operation, but has yet to make a decision.