Cannabis NB posts record sales, profits as Higgs government ponders agency's fatePosted by On

With the prospect of being turned over to the private sector at any moment hanging over its head, Cannabis NB rushed its second-quarter financial results out in record time Thursday to report significant sales and profit increases through the summer.  

“A year ago we were asked to fix Cannabis New Brunswick and we did,” president Patrick Parent said at a rare quarterly report news conference. “Cannabis New Brunswick has the most profit per capita in Canada, something we should all be proud of.”

According to unaudited results reported by the agency, sales over 13 weeks between June 29 and Sept. 27 rose to $20.1 million. That returned a $3.3-million profit.

Both these figures are records and a stunning improvement over a year earlier.

During the same quarter last summer, sales at Cannabis NB were just over half as much, or $10.7 million, and the Crown corporation lost $1.5 million.

Patrick Parent was appointed president of Cannabis NB in September 2019 and in one year managed…

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