The Cannabis NB store in Rothesay. (Image: Brad Perry)
The president and CEO of Alcool NB Liquor (ANBL) and Cannabis NB is resigning.
Patrick Parent announced Tuesday that he will be leaving the job to return to a CEO role in the private sector.
Parent joined ANBL and CNB in September of 2019 as CEO and President.
“This was not an easy decision. During my time with ANBL and Cannabis NB, I’ve seen first-hand the dedication and commitment both teams have to managing and operating successful retail businesses for the people of New Brunswick,” said Parent in a news release.
“The tenacity and resiliency the teams have shown, especially during a global pandemic, has made me proud.”
Patrick Parent (Image: Brittany Merrifield Photography)
Corporation board chair John Correia said he and the rest of the board wish Parent and his family happiness in the future, and success in his new role.
“On behalf of the board of directors, I thank Patrick for his dedication to his teams during his tenure,” said John Correia, chair of the corporation’s board.
“Patrick’s leadership has been instrumental in Cannabis NB’s ongoing success and the development of the ANBL strategic plan.”
In the past year, Cannabis NB had become profitable for the first time. In early October, the Crown corporation reported $3.3-million in profit during the second quarter of 2020-21. That is an increase of 154 percent over the past quarter and 314 percent year-over-over.
It was the third straight profitable quarter for Cannabis NB, which had been plagued by multimillion-dollar quarterly losses since its opening in October of 2018.
RELATED: Cannabis NB Reports Quarterly Profit Of $3.3-Million
This story was originally published by Huddle, an Acadia Broadcasting content partner.
