The Nova Scotia Liquor Corporation (NSLC) has released its year-end financial results for April 1, 2019 to March 31, 2020.
The NSLC exceeded projections with a 4.2 per cent increase in earnings to $247.3 million compared to the previous fiscal year.
Sales were charged by the first full year of cannabis availability, the introduction of new cannabis categories, an influx in sales due to COVID-19 and sales growth in all local product categories.
- Nova Scotia ready-to-drink sales, driven primarily by vodka coolers, were up 101.4 per cent to $16 million over the previous fiscal year.
- Nova Scotia craft beer sales were up 21.5 per cent, to $20.1 million. Nova Scotia spirit sales grew by 22.2 per cent to $9.4 million.
- Nova Scotia wine sales increased by eight per cent to $12.5 million. Nova Scotia cannabis accounted for 18.3 per cent of cannabis sales at $13 million.
- The average dollar value of each beverage alcohol transaction grew by 4.6 per cent to $32.08.
- The 2 million cannabis transactions had an average dollar value of $34.74, which was down from $38.29 the previous year.
- Nova Scotia produced cannabis accounted for 18.3% of cannabis sales this year at $13 million
Total sales were up 9.7 per cent to $726 million with $655.1 million in beverage alcohol sales and $71 million in recreational cannabis sales.