News release

Third-Quarter Results

Nova Scotia Liquor Corporation

The Nova Scotia Liquor Corporation (NSLC) released its third-quarter financial results today, March 12

Total sales from October 2 to December 31, 2023, were up 1.8 per cent to $232.2 million, with an increase in both beverage alcohol and cannabis compared with the same time last year.

Beverage alcohol sales increased 0.4 per cent to $201.4 million, and cannabis sales increased 12.0 per cent to $30.9 million.

Earnings increased 1.5 per cent to $80.0 million.

Sales of Nova Scotia products increased by 8.7 per cent to $35.2 million. Locally produced ready-to-drink products lead the beverage alcohol category with a 7.2 per cent increase to $8.1 million, while cannabis led the growth of Nova Scotia products overall, with a 17.7 per cent increase to $10.0 million.

Other local product sales results include:

  • craft beer increased 6.1 per cent to $7.6 million
  • wine increased 5.1 per cent to $5.1 million
  • spirits increased 1.5 per cent to $4.4 million.

Additional Resources:

A detailed news release is available on the NSLC website at: https://www.mynslc.com/About-NSLC/Media-Centre/2024/NSLC-Third-Quarter-Financial-Results

Follow Us