Beverage alcohol sales for Q2 were $82.4 million, up 3.3 per cent over the same period in 2021, but cannabis sales through licensed retailers totalled $17.7 million in Q2, a 10.2 per cent increase.
The Newfoundland and Labrador Liquor Corporation is reporting an increase in net earnings for Q2 2022, buoyed by a jump in alcohol and cannabis sales. - ContributedST. JOHN'S, N.L. — The Newfoundland and Labrador Liquor Corporation is reporting an increase in net earnings for the second quarter of the 2022 fiscal year.
The dividend paid by NLC to the provincial government was $60.5 million, $5.5 million higher than the second quarter of the prior year. Beverage alcohol sales for Q2 were $82.4 million, up 3.3 per cent, mainly due to higher beer and ready-to-drink sales. NLC president and CEO Bruce Keating said the corporation anticipated that sales and alcohol consumption would normalize coming out of the pandemic.
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