The government will pay a consultant to advise them on whether or not to sell off the NLC.
Last week, Finance Minister Siobhan Coady acknowledged the liquor corporation is set to deliver a record dividend of $210-million this fiscal year.
Coady noted that will allow the government to make more investments in health care and education.
Nonetheless, she says the consultant will help them decide whether to sell or not to sell.
She says a request for proposals has been issued for an expert who will weigh the costs and benefits of “monetizing the asset.”
Coady says that “independent advice” will provide valuable insights into potential market opportunities as it will explore whether there are opportunities to monetize assets in the provincial portfolio,” she said.
The NLC released its financial results for the second quarter last week, reporting a six per cent increase over the previous year to date.
The anticipated $210-million dividend to the province would be the largest in the corporation’s history.
The NLC also reported a 50 per cent increase in cannabis sales so far this year over last.
In a follow-up statement to VOCM News, the government noted it previously announced a commitment to do a similar review and analysis of various provincial assets.






















