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Cannabis NB expects CA$10M profit; privatization update ‘in near future’

New Brunswick’s cannabis retail monopoly Cannabis NB expects to end its fiscal year with a profit of over 10 million Canadian dollars ($7.7 million). “We are excited to have achieved an important milestone — 12 consecutive months of profitability,” Can…

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Canadian legal marijuana sales exceed CA$256 million in September

Canadian sales of regulated cannabis reached 256.3 million Canadian dollars ($196.4 million) in September, a 1.85% increase over August’s sales as the pace of monthly growth slowed. Statistics Canada’s September’s cannabis sales figur…

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Canadian cannabis sales grow to nearly CA$245 million in August

Canadian sales of legal adult-use cannabis grew by 5.2% from July to August, reaching a monthly total of 244.9 million Canadian dollars ($186.9 million). The monthly record for Canadian marijuana sales implies an annualized market worth more than CA$2….

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Cannabis NB posts CA$3.3 million quarterly profit as privatization review continues

Cannabis NB, the government-owned marijuana retail monopoly in the Atlantic Canadian province of New Brunswick, has posted a third consecutive positive quarter with profits of 3.3 million Canadian dollars ($2.5 million). Meanwhile, a delayed government…

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Decision On Potential Privatization Of Cannabis Nb Coming Once Government Sworn In: Higgs

New Brunswick Premier Blaine Higgs says an update on the future of Cannabis NB will be coming soon. “An update on the Cannabis NB RFP process will be available after the new government is sworn in,” Higgs said in a statement on Tuesday. Higgs likely me…