NLC says cannabis sales are up over 30 percent, ringing in at $23.1 million for the second quarter

    Tuesday, 28 November 2023 12:00

    By Tonya Organ

    Net earnings are $58.3 million which is consistent with the same period and results from last year.

    The Newfoundland and Labrador Liquor Corporation is reporting profits for the second quarter of the fiscal year 2023, which ended September 30th. Net earnings are $58.3 million which is consistent with the same period and results from last year. President and CEO Bruce Keating says market conditions in the second quarter were stronger than in the first quarter, however, given the broader economic conditions, the market remained sluggish. Alcohol sales were up 1.4 percent at $83.6 million. Cannabis sales are up 30.3 percent over the same time last year at $23.1 million.  

     

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Sunny intervals

      High: -1°C | Low: -4°C

    • Deer Lake

      Light snow

      High: -3°C | Low: -5°C

    • Stephenville

      Sunny intervals

      High: -2°C | Low: -5°C

    Podcasts

    • BayFM On-Demand

      Trask Talk Thursday, January 29, 2026

      Lynn Howse Regional Outreach Officer Western Regional Waste Management and Lenny Benoit talk trash

    • The Plain Truth

      The Plain Truth, January 28, 2026

      “Trigger Warning”, Today’s show contains discussion of intimate images which may be disturbing for some listeners. We ask that you consider your needs and engage with this material in a way that is best for you. Please take care of yourself and reach out for help if you need it.

    • Qalipu Today

      Qalipu Today, Tuesday January 27, 2026

      Qalipu Today is back with it's first show since the Chirstmas break