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. CGC
- Fire & Flower Holdings Corp. FFLWF
- Green Stop Cannabis
- Kiaro Brands
- Loblaw Cos. (TSE: L)
- New Brunswick Association of Cannabis Distributors
- RSL NB
- YSS Corp 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.
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