EDMONTON–Alberta’s Nova Cannabis stores pulled in about $260,000 apiece after the first five days of legalization.
Nova Cannabis CEO James Burns is handed a customer's order from the vault in a Calgary store.
According to a press release, its five stores raked in a combined revenue of approximately $1.3 million from Wednesday morning through Sunday evening.
The stores processed about 17,000 transactions, and the average dollar amount of each transaction was two to three times that of an average purchase at Liquor Depot.
Alcanna is Canada’s biggest private-sector alcohol retailer, with 228 liquor stores in Alberta, B.C. and Alaska that bring in over $600 million a year.
The company opened its first five Nova Cannabis stores in Alberta on Oct. 17.
Kevin Maimann is an Edmonton-based reporter covering education and marijuana legalization. »