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Cannabis NB has reported gross sales of $19.three million in its newest fiscal quarter, figures that land amid uncertainty about its future as a Crown operation. 

The figures push gross sales for the final 52 weeks to $72.7 million – a 79 per cent enhance over 2019 – and place the company to finish the fiscal yr in “a strong position,” Cannabis NB’s performing president and CEO Lori Stickles stated.

Although the quarterly outcomes usually are not audited, Stickles says the company earned a web revenue of $2.eight million in the course of the closing 13 weeks of 2020 and expects to return $10 million to the province by the tip of the fiscal yr in late March.

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The outcomes had been achieved underneath the path of former Cannabis NB CEO Patrick Parent, who introduced his shock resignation from the position simply days earlier than Christmas and after simply 16 months within the place.  

The Higgs authorities had earlier stated it will announce its choice on whether or not to privatize Cannabis NB by the tip of 2020. But the year-end got here and went with out any such announcement, and the choice has now been pushed into the brand new yr.

It’s unclear what position, if any, Parent’s Dec. 31 departure performed within the postponement.

New Brunswick Finance Minister Ernie Steeves introduced plans to unload Cannabis NB in November 2019 when it was a money-loser. It’s now turning report income commonly, with a closing choice on privatization but to…

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Cannabis NB has reported gross sales of $19.three million in its newest fiscal quarter, figures that land amid uncertainty about its future as a Crown operation. 

The figures push gross sales for the final 52 weeks to $72.7 million – a 79 per cent enhance over 2019 – and place the company to finish the fiscal yr in “a strong position,” Cannabis NB’s performing president and CEO Lori Stickles stated.

Although the quarterly outcomes usually are not audited, Stickles says the company earned a web revenue of $2.eight million in the course of the closing 13 weeks of 2020 and expects to return $10 million to the province by the tip of the fiscal yr in late March.

The outcomes had been achieved underneath the path of former Cannabis NB CEO Patrick Parent, who introduced his shock resignation from the position simply days earlier than Christmas and after simply 16 months within the place.  

The Higgs authorities had earlier stated it will announce its choice on whether or not to privatize Cannabis NB by the tip of 2020. But the year-end got here and went with out any such announcement, and the choice has now been pushed into the brand new yr.

It’s unclear what position, if any, Parent’s Dec. 31 departure performed within the postponement.

New Brunswick Finance Minister Ernie Steeves introduced plans to unload Cannabis NB in November 2019 when it was a money-loser. It’s now turning report income commonly, with a closing choice on privatization but to…

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