Tuesday, August 27, 2019

Craft Beer Shines as NSLC Announces 2019 Q1 Results

(Halifax, NS) - NSLC Announced Q1 results for April 1st to June 30th and saw sales rise to $174.9 million an increase of $18.1 million or 11.5% primarily due to cannabis. Beverage alcohol sales were $158.8 million and recreational cannabis sales were $16.1 million.
Nova Scotia ready-to-drink products had a strong quarter with sales increasing by 107.7% to $3.3 million with this strong growth primarily driven by coolers and ciders. Beer over all decreased 2.6% to $70.5M or 40.3% of sales over all with Nova Scotia craft beer sales growing by 17.8% to $4.9 million. The Ns craft beer sales now attribute to 6.95% of the beer category. The NSLC now lists products from 30 local breweries, about half of the breweries now open, up from six breweries just six years ago.