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New Brunswick has attracted interest from companies that submitted proposals to operate the Canadian province's retail, wholesale and e-commerce sales of recreational cannabis.
The eight proposals to manage the province’s adult-use retail system that came before the deadline for submission were from the following companies:
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- Canopy Growth Corp. (NYSE:CGC)
- Fire & Flower Holdings Corp. (OTC:FFLWF)
- Green Stop Cannabis
- Kiaro Brands
- Loblaw Cos. (TSE: L)
- New Brunswick Association of Cannabis Distributors
- RSL NB
- YSS Corp (CVE: YSS)
New Brunswick will examine the proposals in the upcoming weeks, with the process being supervised by a third-party fairness monitor.
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“The strong interest in our RFP demonstrates that entrepreneurs from across Canada are ready to invest in New Brunswick,” Finance and Treasury Board Minister Ernie Steeves said in a press release.
“Opening this new sector of activity to business is a tangible example of our government’s commitment to energize the private sector.”
In its first six months, Cannabis NB, lost around $12 million, according to The Canadian Press.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.