President and CEO Bruce Keating explains the decrease is because of bigger expenses from higher cannabis commissions paid out and lower beer commissions.
Although sales were strong, particularly in cannabis, the Newfoundland and Labrador Liquor Corporation is reporting a decrease of $3.8 million for the quarter ending January 3rd. Net earnings rang in at $57.4 million. President and CEO Bruce Keating explains how this is because of bigger expenses from higher cannabis commissions paid out and lower beer commissions. Cannabis sales totaled $27.9 million, an increase of 4.5% over last year’s third quarter. Keating says there are 61 licensed retailers with more to come, including one in Pasadena. NLC paid $60.0 million to the Government of Newfoundland and Labrador in the quarter.
No buildings or equipment damaged during an overnight fire at Wildcove and a water bomber is on the scene
Fire ban in effect in Corner Brook until further notice
RNC handing out tickets and adding enforcement in a construction zone near Steady Brook
“March for Atlantic Salmon” at the Majestic Lawn in Corner Brook on Sunday
Crews continue to work on hot spots after an overnight fire at Wildcove and air quality advisories have been issued
