About Us

In The News:

News Releases 

 

Board of Directors announced appointment of President and CEO of ANBL and Cannabis NB

 

On behalf of the Board of Directors, today I am pleased to announce the appointment of Lori Stickles as President and CEO of ANBL and Cannabis NB effective September 7, 2021.

 

No stranger to ANBL, Lori is an accomplished Executive Leader with extensive, proven strategic and financial leadership experience. She is as a trusted business advisor who fosters corporate improvement, organizational change, and positive workplace culture through a personable and collaborative leadership style. Lori was also very instrumental in the success of Cannabis NB last year.

 

Lori joined ANBL/CNB in 2018 as the Vice President and Chief Financial Officer, having acquired the necessary skillset throughout an impressive career that included a continuous growth pattern of accountability and business acumen, and establishing a reputation as a leader.  Having received her BBA at UNB in 1990, her Certified General Accountant (CGA) designation in 2003 and her Certified Professional Accountant (CPA) designation in 2014, Lori is a positive example of continuous learning and professional development.  She is active in her community through various initiatives as a volunteer or advocate, as well as formal Board involvement.  The list is diverse and includes United Way, Habitat for Humanity, Beaverbrook Art Gallery, Chamber of Commerce, local food banks, and supporting improvements in diversity, equity, literacy, and addressing domestic violence.  

 

Lori has been instrumental over the last nine months, leading the corporation as President & CEO in an acting capacity.  Simultaneously, she secured the consistency and focus of the business that contributed to the highest result the corporation has experienced.  She has led by example and her areas of expertise, including strategic leadership, effective communication, financial management, enterprise risk management, driving results, as well as working through COVID-19 and managing the TEAM through the pandemic have been readily apparent.  These competencies and characteristics will continue to serve her, our TEAM, and the people of New Brunswick going forward.

 

The Board appreciates and acknowledges the effort and expertise of Knightsbridge Robertson Surrette as the third-party recruitment firm that was instrumental through this process, and looks forward to supporting Lori and the entire ANBL/CNB TEAM as we continue to achieve, or exceed, results.

 

 

John Correia

Chairman of the Board

 


 

Cannabis NB introduces FarmGate program

 

August 20, 2021

 

Fredericton, NB – Today, Cannabis NB is pleased to announce it is introducing a new addition to its retail model. The Cannabis FarmGate program will allow licensed New Brunswick cannabis producers to sell their own products onsite at their facilities.  

 

“We are thrilled to launch this program in New Brunswick. There is growing interest from both consumers and producers for this type of initiative across the country and we believe this will create opportunities for the legal recreational cannabis industry,” said Lori Stickles, CEO of Cannabis NB. “The Cannabis FarmGate program will increase visibility for local licensed producers, and provide them with more opportunities to educate customers about their products at their own facility, while also creating potential tourism opportunities.” 

 

To participate in the program, eligible New Brunswick cannabis producers will submit an application to Cannabis NB for consideration. All cannabis products sold at an approved FarmGate store will be required to be grown, produced and packaged onsite and meet all federal regulations prescribed by Health Canada (including packaging and labelling, excise stamps, social responsibility, testing requirements etc.) 

 

About Cannabis NB 

 

Cannabis NB, the only legal retailer of recreational cannabis for the province of New Brunswick, is a subsidiary of ANBL and manages retail cannabis sales for the Cannabis Management Corporation. The core focus of the retail model is youth protection, reducing the illicit market, public education, and safety. Twenty stores in fifteen communities offer a range of products with a one-on-one guided retail experience. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years. 

 

Media contact: Tom Tremblay, Public Relations Specialist, media.relations@anbl.com  


 

Cannabis NB reports $19.9 million-dollar first quarter

Fredericton, NB – Cannabis NB released their unaudited first quarter results for the 2021-2022 fiscal. Total sales of legal recreational cannabis for the quarter ended June 27, 2021 (13 weeks) were $19.9 million, 21.5 per cent higher than the quarter ended June 28, 2020 (13 weeks).  Net income for the quarter ended June 27, 2021, was $3.5 million, an improvement of 160.3% compared to the prior year’s quarter one net income of $1.4 million.

 

Key trends for the first quarter (March 29, 2021 – June 27, 2021) compared to the first quarter of last year (March 30, 2020 – June 28, 2020) were:

  • Online sales represented 1.3 per cent of sales for the quarter compared to 3.3 per cent last year.
  • In store sales represented 98.7 per cent of sales for the quarter compared to 96.7 per cent last year.
  • Dried flower sales increased 5.3 per cent, up by $0.6 million.
  • Accessories sales increased 30.5 per cent, up by $0.2 million.
  • Extracts sales decreased 15.8 per cent, down by $0.2 million.
  • Concentrates sales increased 98.4 per cent, up by $2.3 million.
  • Edibles sales increased 58.9 per cent, up by $0.4 million.
  • Seeds sales increased 574.8 per cent, up by $0.1 million.
  • Topicals represented 0.4 per cent of sales for the quarter at $0.1 million.

 

About Cannabis NB

Cannabis NB, the only legal retailer of recreational cannabis for the province of New Brunswick, is an investee of ANBL and manages retail cannabis sales for the Cannabis Management Corporation. The core focus of the retail model is youth protection, reducing the illicit market, public education, and safety. Twenty stores in fifteen communities offer a range of products with a one-on-one guided retail experience. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years, with the next 53-week year occurring in this current fiscal year.

 

Media contact: Tom Tremblay, tom.tremblay@anbl.com

 


 

Introducing the Cannabis NB Cup – a new kind of cannabis competition

July 5, 2021

Fredericton, NB – Cannabis NB is launching its first ever “Cannabis NB Cup” competition. This unique competition will pit premium dry flower products from eight Atlantic Canadian licensed producers against each other – with the winners decided by 600 judges.

Until July 28th, a limited number of customers will be able to purchase a Cannabis Cup box which allows the purchaser to act as a judge in the competition. Each box has eight 3.5 g packages (one ounce) of cannabis flower, one from each of the participating licensed producers and a full judging tool kit. The judging will be done online via a detailed survey and participants will have the opportunity to score the products amongst 5 award categories:

  • Best in Grow top score overall winner 
  • Runner up- second highest overall score 
  • Honorable mention-third highest overall score 
  • Best Looking - Top score in combined Appearance and Aroma 
  • Best Experience – Top score in Consumption and Experience

Entrants in the competition were carefully selected and had to meet specific THC and terpene requirements in order to be included.

“We are very excited to be launching our first Cannabis NB Cup. It’s a great opportunity for our partners in Atlantic Canada to showcase their best dry flower products, and a chance for our customers to participate directly in this unique event as judges.” said Lara Wood, VP of Operations for Cannabis NB. “After the launch of the Atlantic Edition, our team will be working to expand the competition to include competitors from across Canada for the Cannabis NB Cup National Edition in the fall.”

Award winners will be announced on July 30th and along with bragging rights, the overall winner “Best in Grow” will be showcased in a Cannabis NB Cup display in every Cannabis NB store across the province and win an automatic position to be a contender in the Cannabis NB Cup National Edition.

Competition boxes are only available at Cannabis NB storesfor a retail price of $250 and judges will be able to vote online until July 28. We are all looking forward to seeing who our judges crown the winner.

About Cannabis NB

Cannabis NB, the only legal retailer of recreational cannabis for the province of New Brunswick, is a subsidiary of ANBL and manages retail cannabis sales for the Cannabis Management Corporation. The core focus of the retail model is youth protection, reducing the illicit market, public education, and safety. Twenty stores in fifteen communities offer a range of products with a one-on-one guided retail experience. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years.

Media contact: Marie-Andrée Bolduc, Director of Communications, media.relations@anbl.com

 


 

 

Cannabis NB reports unaudited fourth quarter and year end results - 2020-2021

April 27, 2021

Fredericton, NB - Cannabis NB released its unaudited results for the fourth quarter ended March 28, 2021. Total sales of legal recreational cannabis for the quarter (13 weeks) were $19.8 million, 41.2% higher than the quarter ended March 29, 2020 (13 weeks). Preliminary, unaudited net earnings for the quarter were $3.4 million.

“I am extremely proud of our team and their success this year despite the obstacles set forth by the COVID-19 pandemic. Our dedicated team has been our strongest asset since launch in 2018 and continue to be the main driver in the success of the business,” said Lori Stickles, Acting CEO and President. “Cannabis NB has experienced a great deal of growth since launch, ending this fiscal year with its fifteenth consecutive profitable period.”

Key result trends for the fourth quarter (December 28, 2020 - March 28, 2021) compared to the fourth quarter last year (December 30, 2019 - March 29, 2020) were:

  • Online sales represented 1.7 per cent of sales for the quarter compared to 1.4 per cent last year.
  • In store sales represented 98.3 per cent of sales for the quarter compared to 98.6 per cent last year.
  • Dried flower sales increased 20.6 per cent, up by $2.1 million.
  • Accessories sales increased 22.9 per cent, up by $0.1 million.
  • Extracts sales decreased 3.3 per cent, down by $0.04 million.
  • Concentrates sales increased 157.8 per cent, up by $2.6 million.
  • Edibles sales increased 151.0 per cent, up by 0.8 million
  • Topicals represented 0.4 per cent of sales for the quarter at $0.09 million.

Preliminary, unaudited total product sales for the fiscal year ended March 28, 2021 were $75.5 million, up $30.6 million (68.2 per cent) from the previous fiscal year, which ended March 29, 2020. The preliminary, unaudited net income for the year ended March 28, 2021 was $10.8 million, an improvement of 353% compared to the previous year’s loss of $4.3 million.

Audited statements will be included in Cannabis NB’s annual report. Expenses for Cannabis NB’s Board of Directors and the Acting President & CEO for the fourth quarter are available online.

About Cannabis NB

Cannabis NB, the only legal retailer of recreational cannabis for the province of New Brunswick, is a subsidiary of ANBL and manages retail cannabis sales for the Cannabis Management Corporation. The core focus of the retail model is youth protection, reducing the illicit market, public education, and safety. Twenty stores in fifteen communities offer a range of products with a one-on-one guided retail experience. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years.

Media contact: Tom Tremblay, Communications for Cannabis NB, media.relations@anbl.com

 


 

We are pleased government has seen the potential in our business and chosen not to privatize the distribution of cannabis in our province. Cannabis NB has seen strong growth quarter over quarter and as the legal industry continues to mature, we are confident that will continue and excited about the opportunities it presents.

Of course, none of this could have been achieved without our team. We thank them for their hard work and commitment during a challenging year which required much adaptability to keep themselves and our customers safe during a pandemic.  We know they will continue to work hard for New Brunswickers moving forward.

We also wish to thank our customers and partners, who have been understanding and supportive since launch in October 2018.

Now that this decision has been made, we are excited to be able to look to the future and continue to improve the customer experience, grow the business and explore opportunities that continue to benefit our province.

 

Statement from the Chair of the Board of Directors, John Correia: “We are pleased with the government’s decision and we are looking forward to examining how we can grow the business. On behalf of the entire Board of directors, I want to thank then entire Cannabis NB team. We are so proud of the work they did. Throughout this process, they always stayed the course and focused on the business.”

 


 

Cannabis NB releases third-quarter results

January 13, 2021

FREDERICTON, NB – Cannabis NB today released its unaudited results for the third quarter ended December 27, 2020 (13 weeks).

Total sales for the quarter were $19.3 million, 76 per cent higher than the quarter ended December 29, 2019 (13 weeks).

“For the fourth consecutive quarter, Cannabis NB has generated profits”, said Cannabis NB’s acting President and CEO Lori Stickles. “The net profit for the third quarter was $2.8 million, which is a 360 per cent increase year over year. We anticipate ending the fiscal year in a strong position with $10 million in profit.”

“I am extremely pleased with the effort from the Cannabis NB team and the progress of the business over the last year,” said John Correia, chair of the board of directors of Cannabis NB. “The growth has been remarkable, and I feel confident it is sustainable. We are on track for a strong fourth quarter to finish the year.”              

Cannabis NB’s net-profit for the fiscal to date is $7.4 million.

Key trends for the third quarter (September 28, 2020 – December 27, 2020) compared to the third quarter of last year (September 30, 2019 to December 29, 2019) were:

  • Online sales represented 1.6 per cent of sales for the quarter compared to 1.1 per cent last year.
  • In store sales represented 98.4 per cent of sales for the quarter compared to 98.9 per cent last year.
  • Dried flower sales increased 34.5 per cent, up by $3.1 million.
  • Accessories sales increased 65.6 per cent, up by $0.3 million.
  • Extracts sales decreased 8.9 per cent, down by $0.1 million.
  • Concentrates represented 20.3 per cent, of sales for the quarter at $3.9 million.
  • Edibles represented 6.6 per cent of sales for the quarter at $1.3 million.

About Cannabis NB

Cannabis NB is the only legal retailer of recreational cannabis in the province of New Brunswick. The core focus of Cannabis NB is to offer a safe and quality product for consumers at a competitive price. It serves consumers through 20 stores to offer an in person guided retail experience, as well as through online delivery and express methods. Cannabis NB offers a diversified portfolio of cannabis products including flower, extracts, concentrates, beverages, and accessories. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years.

Media contact: Thomas Tremblay - Tom.Tremblay@anbl.com


 

News release

 

President and CEO of Alcool NB Liquor and Cannabis NB to resign  

Fredericton, NB – Patrick Parent, the president and CEO of Alcool NB Liquor (ANBL) and Cannabis NB, has decided to return to a CEO role in the private sector.

“On behalf of the board of directors, I thank Patrick for his dedication to his teams during his tenure,” said John Correia, chair of corporation’s board. “Patrick’s leadership has been instrumental in Cannabis NB’s ongoing success and the development of the ANBL strategic plan.”

Parent joined ANBL and CNB in September of 2019 as CEO and President.

“This was not an easy decision. During my time with ANBL and Cannabis NB, I’ve seen first-hand the dedication and commitment both teams have to managing and operating successful retail businesses for the people of New Brunswick,” said Parent. “The tenacity and resiliency the teams have shown, especially during a global pandemic, has made me proud.”

Correia and the entire board wish Parent and his family happiness in the future, and success in his new role.

Media contact: Tom Tremblay, communications, media.relations@anbl.com.

 


 

Cannabis NB reports profitable quarter

October 1, 2020

Fredericton, NB – Cannabis NB reported a profit of $3.3 million for their second quarter of fiscal 2020-2021. Total sales of legal recreational cannabis for the quarter were $20.1 million, 87.1 per cent higher than the quarter ended September 29, 2019, and a 23.1 per cent increase over the first quarter of this year.

“We said we would fix our business and we have,” said Cannabis NB President and CEO Patrick Parent. “Our year to date results are showing that we now have a very profitable and sustainable business. I believe Cannabis NB will only continue to grow, remain profitable and offer New Brunswickers the best return on their investment in us.”

Cannabis NB’s net-profit for the fiscal to date is $4.6 million. The EBITDA growth year over year is $8.3 million which was driven by an increase in gross profit of $6.1 million (81.4 per cent) and a corresponding decrease in operating expenses of $2.1 million (24.1 per cent)​.

Key trends for the second quarter (June 29, 2020 – September 27, 2020) compared to the second quarter of last year (July 1, 2019 to September 29, 2019) were:

  • Online sales represented 1.7 per cent of sales for the quarter compared to 1.1 per cent last year.
  • In store sales represented 98.3 per cent of sales for the quarter compared to 98.9 per cent last year.
  • Dried flower sales increased 53.4 per cent, up by $4.8 million.
  • Accessories sales increased 71.0 per cent, up by $0.3 million.
  • Extracts sales decreased 6.3 per cent, down by $0.08 million.
  • Concentrates represented 16.1 per cent of sales for the quarter at $3.2 million.
  • Edibles represented 4.9 per cent of sales for the quarter at $1.0 million.
  • Topicals represented 0.3 per cent of sales for the quarter at $0.06 million.

 

About Cannabis NB

Cannabis NB is the only legal retailer of recreational cannabis in the province of New Brunswick. The core focus of Cannabis NB is to offer a safe and quality product for consumers at a competitive price. It serves consumers through 20 stores to offer in person guided retail experience, as well as online delivery and express methods. Cannabis NB offers a diversified portfolio of cannabis products including flower, extracts, concentrates, beverages, and accessories. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years.

Media contact: Thomas Tremblay - Tom.Tremblay@anbl.com

 


 

Cannabis NB reports $1.4 million profit in first quarter

July 8, 2020

Fredericton, NB – Cannabis NB released the unaudited first quarter results for the 2020-21 fiscal. Total sales of legal recreational cannabis for the quarter ended June 28, 2020 (13 weeks) were $16.3 million, 78.7 per cent higher than the quarter ended June 30, 2019 (13 weeks) and resulted in a $1.4 million profit for the organization.

“Cannabis NB has made a very positive turnaround to date,” said Patrick Parent, President and CEO of Cannabis NB. “Starting the fiscal year off with a positive net income growth of over a million dollars is a direct result of aggressive cost cutting measures, renegotiating prices with our suppliers which were passed on to our customers as well the addition of weekly promotions.”

Cannabis NB’s last seven periods have all been profitable and the EBITDA growth year over year is $3.5 million which was driven by an increase in gross profit of $2.4 million (69.4 per cent) and a corresponding decrease in expenses of $1.1 million (24.9 per cent)​.

Key trends for the first quarter (March 30, 2020 – June 28, 2020) compared to the first quarter of last year (April 1, 2019 – June 30, 2019) were:

  • Online sales represented 3.3 per cent of sales for the quarter compared to 2.2 per cent last year.
  • In store sales represented 96.7 per cent of sales for the quarter compared to 97.8 per cent last year.
  • Dried flower sales increased 49.1 per cent, up by $3.8 million.
  • Accessories sales increased 62.3 per cent, up by $0.2 million.
  • Extracts sales increased 7.1 per cent, up by $0.07 million.
  • Seeds sales decreased 42.3 per cent down by $0.008 million.
  • Concentrates represented 14.4 per cent, of sales for the quarter at $2.3 million.
  • Edibles represented 4.6 per cent of sales for the quarter at $0.8 million.

“We continue to diversify the products we carry to offer our customers’ a wide selection at various price points. We are adding new products like topicals, beverages and various concentrates and doing so at a price point that is competitive with the illegal market,” added Parent.

About Cannabis NB

Cannabis NB, is the only legal retailer of recreational cannabis in the province of New Brunswick. The core focus of Cannabis NB is to offer a safe and quality product for consumers at a competitive price. It serves consumers through 20 stores to offer in person guided retail experience, as well as online delivery and express methods. Cannabis NB offers a diversified portfolio of cannabis products including flower, extracts, concentrates, beverages and accessories. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years.

Media contact: Please email media.relations@anbl.com

 


 

Cannabis NB reports unaudited fourth quarter and year end results – 2019-2020

April 28, 2020

Fredericton, NB - Cannabis NB released its unaudited results for the fourth quarter ended March 29, 2020. Total sales of legal recreational cannabis for the quarter (13 weeks) were $14.0 million, 43.9% higher than the quarter ended March 31, 2019 (14 weeks).

 

Increased sales in each of the periods of the fourth quarter resulted in Cannabis NB ending the quarter with a profit of $0.5 million – the first positive quarter since the legalization of Cannabis.  

 

The last two weeks of the quarter marked the beginning of emergency measures to respond to COVID-19 requiring Cannabis NB to adapt very quickly to ensure customer and team safety. It is estimated that the impact of COVID-19 on sales was during the last two weeks of the quarter was an increase of approximately five per cent. In addition, during the same period additional expenses in response to COVID-19 totalled approximately $27,000.

 

Key result trends for the fourth quarter (December 30, 2019 - March 29, 2020) compared to the fourth quarter last year (December 24, 2018 - March 31, 2019) were:

 

• Online sales represented 1.4% of sales for the quarter compared to 3.5% last year.

• In store sales represented 98.6% of sales for the quarter compared to 96.5% last year.

• Dried flower sales increased 22.5%, up by $1.9 million.

• Accessories sales increased 80.4%, up $0.2 million.

• Extracts sales decreased 1.7%, down by $0.02 million.

• Seeds sales decreased 88.2%, down by $ 0.02 million.

• Concentrates represented 12.0% of sales for the quarter at $1.7 million.

• Edibles represented 4.0% of sales for the quarter at $0.6 million.

 

Preliminary, unaudited sales for CNB’s first full fiscal year, which ended on March 29, 2020 were $44.9 million, up $26.3 million (141.0 per cent) from the previous fiscal year, from date of incorporation, July 3, 2018 to March 31, 2019 (CNB’s first sale of recreational use cannabis occurred on October 17, 2018).  The preliminary, unaudited net loss for the year ended March 29, 2020 was $4.3 million, an improvement of 66.0% compared to the previous year’s loss of $12.5 million.  Audited statements will be included in Cannabis NB’s annual report.

 

Cannabis NB also released the expenses of the board of directors and of the President and Chief Executive Officer for the fourth quarter. The expenses are available online.

 

About Cannabis NB

Cannabis NB, the only legal retailer of recreational cannabis for the province of New Brunswick, is a subsidiary of ANBL and manages retail cannabis sales for the Cannabis Management Corporation. The core focus of the retail model is youth protection, reducing the illicit market, public education and safety. Twenty stores in 15 communities offer a range of products with a one-on-one guided retail experience. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years.

 

Media contact:  Tom Tremblay, tom.tremblay@anbl.com

 

 


 

UPDATE ON OUR COVID-19 RESPONSE

March 23 2020

 

At Cannabis NB our priority remains on keeping our team members and customers safe.

We are continuously monitoring the situation and are implementing measures to help keep our community safe.

New measures being implemented this week include:

  • Requiring all customers and team members to complete a self-screening questionnaire BEFORE entering our stores. (You can find the questionnaire here.)

These are in addition to measures already implemented including:

  • No longer accepting cash payments.
  • Implementing social distancing practices.
  • Practicing frequent hand washing and hygiene practices.
  • Increasing sanitization within stores.
  • Reducing our hours and closing on Sunday.

We apologize for any inconvenience, however, the health and safety of our customers and teams remain our number one priority

 


 

UPDATE ON OUR COVID-19 RESPONSE

March 20 2020


 

 

UPDATE ON OUR COVID-19 RESPONSE

March 19 2020


For the safety of our team members and our customers CNB’s preferred method of payment is debit or credit card. We are asking all our customers to please pay with their debit or credit cards if possible.

 


 

CNB

Message to our valued customers and partners

At Cannabis NB, the health and safety of our team members, customers and partners is our number one priority as we navigate the ongoing situation around COVID-19.

The team at Cannabis NB is continuously monitoring the situation and making changes as necessary based on advice from federal and provincial public health officials. As a result, customers may notice a change in their experience when visiting us in store – all these changes are to help keep our team, customers and the community as safe as we can.

As per the direction of the federal government, any team members who have traveled outside of Canada as of March 13, 2020 are being asked to self-isolate for 14 days. We are working with our team members on a case-by-case basis to lessen the stress on them and their families due to this situation and we will ensure that no one loses pay for COVID-19 related absences.

We have cancelled all out-of-province travel for our team until further notice. Additionally, all team members who can work from home are asked to do so and we are postponing or moving meetings and interviews to virtual options.

We are also increasing sanitization practices within our stores to ensure surfaces are routinely cleaned and that employees are reminded of best practices like frequent hand washing and hygiene practices that reduce the spread of respiratory viruses like COVID-19. We have also temporarily removed all paper marketing materials, tablets and sensory containers from our shops to help protect our customers and team.

At this time, we do not anticipate any impact on our supply and are routinely monitoring the situation by working with our licensed producers.

Customers are also reminded that they can buy products online through our website https://www.cannabis-nb.com/ or can use our Cannabis NB Express option where you can pay online and pick up with limited interactions in-store. We will continue operating as long as it is safe to do so based on the advice and recommendations of our public health officials.

 

Patrick Parent

President & Chief Executive Officer

 


 

 

Cannabis NB issued third quarter financial results  

 

January 28, 2020

 

FREDERICTON, (N.B) - Cannabis NB released its unaudited results for the third quarter ended December 29, 2019. Total sales for the quarter (13 weeks) were $11.0 million, 23.7 per cent higher than the quarter ended December 23, 2018 (10 weeks).

Key product sales trends for the third quarter (September 30, 2019 - December 29, 2019) compared to the third quarter last year (October 17, 2018 - December 23, 2018) were:

  • Online sales represented 1.1% of sales for the quarter compared to 4.9% last year
  • In store sales represented 98.9% of sales for the quarter compared to 95.1% last year
  • Dried flower sales increased 17.6%, up by $1.35 million
  • Extracts sales increased 46.4%, up by $0.38 million
  • Accessories, and Seed sales increased 22.6%, up $0.08 million
  • Concentrates represented 1.5% of sales for the quarter at $0.2 million (Legalized, December 17, 2019) 
  • Edibles represented 1.1 % of sales for the quarter at $0.1 million (Legalized, December 17, 2019)

 

About Cannabis NB

Cannabis NB, the only legal retailer of recreational cannabis for the province of New Brunswick, is a subsidiary of ANBL and manages retail cannabis sales for the Cannabis Management Corporation. The core focus of the retail model is youth protection, reducing the illicit market, public education and safety. 20 stores in 15 communities offer a range of products with a one on one guided retail experience. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years.

 

Media contact: Thomas Tremblay, Communications, ANBL, 506-429-2091 or Tom.Tremblay@anbl.com

 


 

 

Limited selection of new recreational cannabis products gradually available at Cannabis NB

 

December 20, 2019 

 

FREDERICTON, (N.B.) – Cannabis NB will have a limited variety of new recreational adult-use cannabis products available in stores and online as part of the new phase of cannabis legalization in Canada. The available products will include a limited selection of gummies, chocolates, and vape products. Additional products like traditional concentrates (hash, shatter, wax, etc.), beverages, and topicals will become available later this winter, into the spring and summer.  Over the coming days and weeks, customers are encouraged to check the Cannabis NB website for product availability.

 

“Many licensed producers will be gradually introducing their new recreational cannabis product offering as they go through the licensing procedures as required by Health Canada, and as they finalize their testing, production and distribution,” said Lara Wood, General Manager of Cannabis NB. “Even with a limited initial selection of products, our goals is to provide customers with a variety of prices and an educational experience as they familiarize themselves with these new categories of products.”

 

The price range will vary as the portfolio of products expands with additional products, formats and brands becoming available in the new year.

 

Cannabis NB has a total of 21 supply partnerships with Licensed Producers across Canada with the intent to add more partnerships in the new year. Only a few partners will have new product available in December as most of them are expected to launch their new products into the retail market over the next few months. 

 

Existing supply partners:

  • 7ACRES
  • Aphria
  • Aurora/Med Releaf
  • Blissco
  • Canopy Growth/Tweed
  • FIGR
  • High Park
  • Highland Grow
  • Organigram
  • Tidal Health
  • UP Cannabis
  • Zenabis

 

New supply partners:

  • ABcann Medicinals
  • Auxly/Dosecann
  • Canna Farms
  • Cronos/Peace Naturals
  • Emerald Health Therapeutics
  • Hexo/Truss
  • Sproutly/Toronto Herbal
  • Sundial
  • The Green Organic Dutchman

 

Some of the new products will utilize new methods of consumption that may be unfamiliar to customers and may have a quicker onset time than traditionally anticipated. Customers are encouraged to learn as much as possible about the new products and their potential effects at GoodToKnowNB.ca as well as speaking with the well-trained team at Cannabis NB stores who are ready to answer customer questions.

 

Resources:

 

Good to Know: https://goodtoknownb.ca/

Cannabis NB: https://www.cannabis-nb.com/

 

About Cannabis NB

 

Cannabis NB, the only legal retailer of recreational cannabis for the province of New Brunswick, is a subsidiary of ANBL and manages retail cannabis sales for the Cannabis Management Corporation. The core focus of the retail model is youth protection, reducing the illicit market, public education and safety. 20 stores in 15 communities offer a range of products with a one on one guided retail experience. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years.    

 

Media contact: Marie-Andrée Bolduc, Communications, Cannabis NB, marie-andree.bolduc@cannabis-nb.com  

 

 


 

 

 

Below is a statement from ANBL/Cannabis NB CEO Patrick Parent regarding the Provincial Government’s decision to issue a request for proposal regarding the sale of recreational cannabis in NB. 

 

November 14, 2019 

 

“The recent announcement and process regarding the future sale and distribution of cannabis in New Brunswick rests with the provincial government.  At Cannabis NB, we intend to remain clearly focused on improving prices and lowering costs.  

We have clearly stated on numerous occasions that we must offer more competitive products, we couldn’t agree more on this point. In the two months since I joined the ANBL/CNB team, I have sent a clear message to our organization that we have to build on our progress in competing on price and availability. Cannabis NB’s great team has risen to this challenge by negotiating lower prices with producers – products competitive with the illegal market have been available in our stores for a few weeks now and I can assure our customers that the team will continue to compete.    

We will continue to make consumers aware of our offers, albeit within the very restrictive regulatory framework around advertising.  We will continue to offer an exceptional educational in-store and online experience fully respecting the federal and provincial laws governing the cannabis industry.   Furthermore, I want to reassure our customers that we will work diligently to offer a selection of legal edible cannabis products in the coming months. 

Until such time as the retail model changes, Cannabis NB will manage all aspects of its operations in order to provide the best value to its customers and its shareholders.”

 

Cannabis NB issues second quarter results

 

October 29, 2019  

FREDERICTON, (N.B) - Cannabis NB released its unaudited results for the second quarter from July 1, 2019 to September 29, 2019. Total sales of legal recreational cannabis for the quarter were $10.7 million.

Key result trends for the quarter were:

  • Online sales represented 1.1% of sales for the quarter at $0.1 million.
  • In store sales represented 98.9% of sales for the quarter at $10.6 million.
  • Dry flower sales represented 84.5% of sales for the quarter at $9.1 million.
  • Extracts sales represented 11.3% of sales for the quarter at $1.2 million.
  • Seeds sales represented 0.1% of sales for the quarter at $ 0.07 million.
  • Accessories sales represented 4.1 % of sales for the quarter at $0.4 million.

Cannabis NB also released the expenses of the board of directors and of the president and chief executive officer for the second quarter. The expenses are available online. 

About Cannabis NB

Cannabis NB, the only legal retailer of recreational cannabis for the province of New Brunswick, is a subsidiary of ANBL and manages retail cannabis sales for the Cannabis Management Corporation. The core focus of the retail model is youth protection, reducing the illicit market, public education and safety. 20 stores in 15 communities offer a range of products with a one on one guided retail experience. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years.

 

Media contact: Marie-Andrée Bolduc, Communications, Cannabis NB, marie-andree.bolduc@cannabis-nb.com

 

 

 

Cannabis NB issues first quarter financial results

August 1, 2019

FREDERICTON (N.B.) – Cannabis NB today issued first quarter financial results from April 1 to June 30, 2019. Total sales revenue of legal recreational cannabis for the quarter were $ 9.1 million.   

Key result trends for the quarter were: 

  • Online sales represented 2.2% of sales for the quarter at $0.2 million 
  • In store sales represented 97.8% of sales for the quarter at $8.9 million 
  • Dry flower sales represented 85% of sales for the quarter at $ 7.8 million.
  • Extracts sales represented 11% of sales for the quarter at $1.0 million.
  • Seeds sales represented 0.2% of sales for the quarter at $ 0.02 million.
  • Accessories sales represented 3.8 % of sales for the quarter at $0.3 million.

Cannabis NB also released the expenses of the board of directors and of the president and chief executive officer for the first quarter. The expenses are available online.

About Cannabis NB

Cannabis NB, the only legal retailer of recreational cannabis for the province of New Brunswick, is a subsidiary of ANBL and manages retail cannabis sales for the Cannabis Management Corporation. The core focus of the retail model is youth protection, reducing the illicit market, public education and safety. 20 stores in 15 communities offer a range of products with a one on one guided retail experience. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years.       

Media Contact: Marie-Andrée Bolduc, Communications, Cannabis NB, 506-429-4695 or marie-andree.bolduc@cannabis-nb.com

 

 

 

 

 

 

 

Cannabis NB Express now available

July 16, 2019

FREDERICTON (GNB) – Cannabis NB Express – a pay online, pick up in-store service – is now available to adults 19 years and older. This new feature will provide convenience to customers who would like to make an online purchase and pick it up in a store near them.   

“Product availability and consistency is starting to improve, and we have many returning customers who are comfortable with the products and the process, so offering this option will offer added convenience while still giving customers the option to talk with our team, and ask questions,” said Lara Wood, General Manager of Cannabis NB.

The Cannabis NB website has new features allowing customers to select the store near them, select filters, see available products within their selected store and complete the order quickly and easily online.  Customers wanting to take advantage of the Express feature can create an account on cannabis-nb.com and select their preferred store. Once the order has been prepared by team members in the selected store, a “Ready to Pick Up” email will be sent to the customer advising them they can come by the store at any point. A valid piece of identification will be required upon pick up at the store. The order will be held and available for 72 hours.

Additional information regarding Cannabis NB Express is available here.

About Cannabis NB

Cannabis NB, the only legal retailer of recreational cannabis for the province of New Brunswick, is a subsidiary of ANBL and manages retail cannabis sales for the Cannabis Management Corporation. The core focus of the retail model is youth protection, reducing the illicit market, public education and safety. 20 stores in 15 communities offer a range of products with a one on one guided retail experience. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years.     

Media Contact: Marie-Andrée Bolduc, Communications, Cannabis NB, 506-429-4695 or marie-andree.bolduc@cannabis-nb.com

 

 

 

 

Cannabis NB releases unaudited quarterly and year-end results

April 30, 2019

FREDERICTON (GNB) – Cannabis NB today released its unaudited results for the quarter ending March 31, 2019 as well as its unaudited year-end results. Total sales of legal cannabis for the quarter were $ 9.7 million, resulting in year-end of $18.6 million.

Key result trends for the quarter were: 

  • Online sales revenue was $0.3 million 
  • In store sales revenue was $9.4 million 
  • Dry flower sales represented 85% of sales for the quarter at $ 8.3 million, $16 million for year-end.
  • Extracts sales represented 12% of sales for the quarter at $1.2 million, $2.0 million for year-end
  • Seeds sales represented 0.2% of sales for the quarter at $ 0.02 million, $0.02 million for year-end.
  • Accessories sales represented 2.7 % of sales for the quarter at $0.3 million, $0.6 million for year-end.
  • The loss was $4.6 million for the quarter, down from $7.1 million in the last quarter, representing a year-end loss of $11.7 million.

“We knew there would be challenges and unknowns in this brand new industry but we are confident the objectives for this model intended by the Federal and Provincial governments are being met, as we keep providing a safe and regulated product to adults, reducing the illicit market and creating public awareness and education,” said Lara Wood, General Manager of Cannabis NB. “The value of this model and investment is long term, both from a public policy perspective and the returns of these investments will take time to mature, especially with a persisting supply challenge across Canada.”

As the parent company, ANBL will consolidate Cannabis NB’s results into its year-end results.  Cannabis NB also released the expenses of the board of directors and of the president and chief executive officer for the third quarter. The expenses are available online. 

Cannabis NB, the only legal retailer of recreational cannabis for the province of New Brunswick, is a subsidiary of ANBL and manages retail cannabis sales for the Cannabis Management Corporation. The core focus of the retail model is youth protection, reducing the illicit market, public education and safety. 20 stores in 15 communities offer a range of products with a one on one guided retail experience. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years.    

Media contact: Marie-Andrée Bolduc, Communications, Cannabis NB, 506-429-4695 or marie-andree.bolduc@cannabis-nb.com

 

 

 

Three additional licensed producers partnering with Cannabis NB

26 March 2019

FREDERICTON (GNB) – Cannabis NB has added three licensed producers to its list of suppliers providing adult-use recreational cannabis products.

The addition of Supreme’s 7ACRES Brand in February, and more recently, Up Cannabis and Blissco, represents the three latest licensed producers who have partnered with Cannabis NB to provide products online and in its 20 stores across the province. Cannabis NB will work with all three suppliers on a regular basis to determine what is available in terms of quantities and types of products. 7Acres products are now available in Cannabis NB stores and Up Cannabis and Blissco will begin to sell their products over the next few weeks and months.

“We are pleased to be working with Supreme, Up Cannabis and Blissco to help us expand our portfolio of safe adult-use products,” said Lara Wood, General Manager of Cannabis NB. “It’s important to note that although adding new products to our network will help, and while we have seen improvement over the past few months, the national supply challenge is ongoing and will not stabilize over night, it will be a gradual process to achieve a normalized supply level.”

Other existing licensed producers partnering with Cannabis NB are CannTrust, Aphria, Canopy Growth, OrganiGram, Zenabis, totalling 8 producers.

About Cannabis NB

Cannabis NB, the only legal retailer of recreational cannabis for the province of New Brunswick, is a subsidiary of ANBL and manages retail cannabis sales for the Cannabis Management Corporation. The core focus of the retail model is youth protection, reducing the illicit market, public education and safety. 20 stores in 15 communities offer a range of products with a one on one guided retail experience.

Media contact: Marie-Andrée Bolduc, Communications, Cannabis NB, 506-429-4695 or marie-andree.bolduc@cannabis-nb.com.

 

 

 

Cannabis NB releases quarterly results

25 January 2019

FREDERICTON (GNB) – Cannabis NB today released its unaudited results for the quarter ending December 23, 2018. Total sales since the launch of legal cannabis beginning on October 17th, 2018 were $8. 6 million.

Key sales trends for the quarter were:

  • Online sales revenue were $0.4 million
  • In store sales revenue were $8. 2 million
  • Dry flower sales represented 87% of sales at $ 7.5 million
  • Oils and capsule sales represented 9% of sales were at $0.8 million
  • Accessories sales represented 4% of sales were at $0.3 million

“Overall, we are pleased with how the stores and the experience have been received by customers as we enter in a new legalized channel of retail. The feedback we have received from customers about the education and the experience at Cannabis NB has been largely positive and our team has been focused on delivering an informed and positive customer experience,” said Brian Harriman, president and CEO of Cannabis NB. “The national supply shortage continues to be our biggest challenge. This impacts not only the quantity of product that are available, but the variety of products that Cannabis NB is able to offer. The retail portfolio has been limited since launch and has made it difficult to offer the breadth and variety of products that some customers are looking for. We continue to work closely with our current partners and engage new Licensed Producers to expand our portfolio and product volume, but supply is slowly moving in a positive direction.”

Cannabis NB, the only legal retailer of recreational cannabis for the province of New Brunswick, is a subsidiary of ANBL and manages retail cannabis sales for the Cannabis Management Corporation. The core focus of the retail model is youth protection, reducing the illicit market, public education and safety. 20 stores in 15 communities offer a range of products with a one on one guided retail experience. Cannabis NB’s results are reported on a retail reporting cycle, which is typically a 52-week year. Retail reporting will result in a 53-week year occurring every 5 to 6 years. 

The corporation also released the expenses of the board of directors and of the president and chief executive officer for the third quarter. The expenses are available online.

Media contact: Marie-Andrée Bolduc, Communications, Cannabis NB, 506-429-4695 or marie-andree.bolduc@cannabis-nb.com.