About Us

In The News:

 

News Releases 

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.