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Canopy Growth, Fire & Flower Among Companies Bidding To Operate New Brunswick's Cannabis Sales

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Canopy Growth, Fire & Flower Among Companies Bidding To Operate New Brunswick's Cannabis Sales

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:

  • 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.

Posted-In: Canadian Press New BrunswickCannabis News Retail Sales Markets Media

 

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