News release

Year-End Results

Nova Scotia Liquor Corporation

The Nova Scotia Liquor Corporation (NSLC) released its year-end financial results today, June 13.

For the fiscal year April 1, 2022, to March 31, 2023, total sales were up 4.9 per cent to $860.7 million, with an increase in both beverage alcohol and cannabis sales compared with the previous fiscal year. Beverage alcohol sales increased 4.3 per cent to $749.5 million, and cannabis sales increased 9.3 per cent to $111.1 million.

Earnings increased 6.0 per cent to 284.7 million.

Sales of Nova Scotia products increased across all categories. Local cannabis led the growth with a 41.8 per cent increase in sales to $33.5 million. Growth in other categories included:

  • beer: up 8.3 per cent to $28.6 million
  • wine: up 7.8 per cent to $16.8 million
  • spirits: up 2.3 per cent to $12.9 million
  • ready-to-drink products: up 9.8 per cent to $33.0 million.

Additional Resources:

A detailed news release can be found on the NSLC website at: https://www.mynslc.com/About-NSLC/Media-Centre/2023/Year-End-Financial-Performance

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