The two Crown corporations released their third quarter figures Wednesday for the period ending Dec. 27, 2020.

At stake is which entity will be allowed to be the sole provider of retail cannabis in New Brunswick: a private company or a Crown corporation. 

Patrick Parent joined the liquor and cannabis corporations in September 2019, after a role as vice-president at Moosehead Breweries. 

Cannabis NB president and CEO Patrick Parent said 12 months of profitability marks an 'important milestone' for the Crown corporation. 

Despite the Crown corporation staying in the black, a potential sale of Cannabis NB is expected to be just around the corner. 

'An update on the Cannabis NB RFP process will be available after the new government is sworn in,' Blaine Higgs said in a statement.

Cannabis NB says total sales for the three-month period ending June 28 were 16.3 million dollars - up almost 79 per cent from the same period last year.

After two years of losses, Cannabis NB's CEO is confident that the Crown corporation can be a revenue generator.

Both Cannabis NB and the ANBL will be closed on Sundays until further notice while their hours will be reduced Monday to Saturday.

The province did not announce any new cases of COVID-19, with the total remaining at 11.