Nova Scotia selling off remaining U.S. booze inventory, liquor profits dip
During the first quarter, the NSLC sold more than $1.8 million in U.S. products, according to its latest financial results.
The Nova Scotia Liquor Corp. (NSLC) reported a 6.8% decline in net income to $62 million in the first quarter, as it continues to offload its remaining American liquor inventory. Total sales for the period of April 1 to June 28 reached $219.4 million, marking only a 0.2% increase compared to the same period last year. While overall beverage alcohol sales experienced a 1.7% drop, cannabis sales surged by 11.2%.
Alcohol constituted over 83% of the NSLC's total sales. During the quarter, the corporation sold more than $1.8 million worth of American products. The NSLC has been instructed to sell off all U.S. alcohol and cease importing additional products from the United States, following the imposition of tariffs by U.S. President Donald Trump.
The province initiated the sale of U.S. products in December 2025, with an estimated inventory value of $14 million. As of August 17, the Crown corporation had around $1.5 million worth of U.S. products left in inventory.
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