President of Hashish NB says it should take extra time to be worthwhile


FREDERICTON — The brand new president of Hashish NB — New Brunswick’s Crown-owned hashish retailer — says it is going to be subsequent 12 months or extra earlier than the operation might be worthwhile.

Patrick Mother or father says the money-losing company is like all start-up and desires time to mature.

Advertisement

The company, with its 20 shops throughout the province, misplaced nearly $12 million in its first six months and continues to bleed pink ink.

The earlier Liberal authorities pitched legalized hashish as an financial windfall and sought to make the province an business chief.

Extra not too long ago, Progressive Conservative Premier Blaine Higgs has mentioned he’ll have a look at all choices together with privatization to stem the monetary losses.

Advertisement

Mother or father says many adjustments have been made to enhance product pricing and provide, and he expects the introduction of edibles and different merchandise in December will even assist enhance the underside line.

This report by The Canadian Press was first revealed Nov. three, 2019.

 

Advertisement

The Canadian Press



Advertisement