President of NB Liquor and Cannabis NB resigns and returns to private sector

A Cannabis NB retail store in Sackville, N.B., is seen on Sunday, Oct. 14, 2018. THE CANADIAN PRESS/Andrew Vaughan

The president of NB Liquor and Cannabis NB has resigned after 16 months on the job.

The Crown corporation said in a news release that Patrick Parent has decided to return to the private secor in a CEO role.

During Parent’s time at the corporation, Cannabis NB went from a money-loser to a moneymaker.

Parent says his decision to leave was not easy and he’s proud of the “tenacity and resiliency” of the employees, especially during the pandemic.

New Brunswick’s government announced in November 2019 it was seeking proposals for a private operator to take over Cannabis NB.

The province has yet to announce whether it will privatize the corporation, however, following the COVID-19 pandemic and the recent profits of the state-owned company.

The Canadian Press

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