President and CEO Bruce Keating says “Market conditions in the first quarter in the previous two years have been more challenging but are much stronger this fiscal year.
The Newfoundland and Labrador Liquor Corporation is reporting net earnings for the first quarter of the year is $48 million, which is an increase of .4 million from last year’s first quarter. President and CEO Bruce Keating says it is a strong start to the fiscal year. He says “Market conditions in the first quarter in the previous two years have been more challenging but are much stronger this fiscal year. Sales in the mature beverage alcohol market are up by more than 5%, and retail sales in the still developing legal cannabis market have increased by more than 25% compared to last year.” Cannabis sales totalled $24.2 million. Regulatory Compliance and Enforcement NLC conducted 922 inspections on liquor establishments and cannabis retailers. NLC now estimates that 84.0% of the illicit cannabis market has been captured.
24 year old man caught doing speeds up to 163km/hr in a 100 zone on the TCH near Deer Lake
Application deadline is next week for the NL Home Heating Supplement Program
"Try Rugby Day" this Sunday at Corner Brook Regional High School
No mail delivery or collection in Corner Brook or Stephenville today
Cabinet committee touring areas damaged by wildfires this past summer and speaking with those affected
