PEILCC 2023 Annual Report

MESSAGE FROM THE CEO

Mr. John Abbott, Chair PEI Liquor Control Commission 3 Garfield Street Charlottetown, PE C1A 6A4

Dear Mr. Abbott:

I am delighted to present our annual report for the fiscal year 2023. With great satisfaction and appreciation, I reflect on the remarkable journey that the PEI Liquor Control Commission (PEILCC) has embarked on over the past year.

As we delve into the financial performance of the PEILCC for the period from April 1, 2022, to March 31, 2023, we observe a notable increase in gross receipts, surpassing $141 million, marking the 27 TH consecutive year of record sales. Our contributions to the province also reached new heights, exceeding $49.9 million, an increase of $1.9 million from the previous fiscal year. These returns have been instrumental in funding critical public services and programs such as healthcare, education, and infrastructure. Among our notable achievements over the past year, one stands out prominently: our leadership in driving nationwide sales growth. This accomplishment demanded dedication and commitment from our entire network, especially amidst the challenging economic conditions that affected many Islanders. Furthermore, we’ve made significant strides in optimizing our supply chain processes, enhancing efficiency, and alleviating the burden on our Licensee Distribution Centre. Our commitment to efficiency has not only streamlined operations but also enhanced our overall service quality. In addition to these achievements, we’ve successfully expanded our market presence by introducing four new agency stores, along with renewing six existing agency store contracts. These strategic moves reflect our commitment to meeting growing customer demand, capitalizing on emerging opportunities, along with our dedication to servicing the needs of rural Islanders. At the heart of our endeavors, the pursuit of continuous improvement remains a top priority for PEILCC across all aspects of our business. This commitment extends to our relationships with local producers, our valued licensees, and our unwavering dedication to corporate social responsibility. These accomplishments underscore our comprehensive approach to business growth, operational excellence, and ethical responsibility. We take pride in reaching these milestones and look forward to continuing our journey of progress and excellence. Our achievements would not have been possible without the unwavering support and commitment of our stakeholders and governing bodies. I would like to extend my gratitude to all our Board Members for their invaluable guidance throughout the year. I am particularly pleased to welcome you, John as our new Chair. Your wealth of experience in various roles within the PEILCC will be an asset. While we look forward to continuing working with you, we must also acknowledge the outstanding dedication of our outgoing Chair, Quentin Bevan, who has exemplified true leadership while serving his term with us on both the PEILCC and PEICMC Boards. The PEILCC and PEICMC have been privileged to have him at our table. Our dedicated team, whether at the executive level, in our stores, warehouse, or head office, has consistently demonstrated their commitment to the PEILCC and the people of Prince Edward Island. Despite the ongoing challenges posed by COVID-19 and the disruptions caused by Hurricane Fiona, our team has consistently risen to the occasion. It bears repeating that the key to our success lies within every member of our organization. We are very much focused on the year ahead and look forward to continued success in all facets of our operations. It is my privilege to present the Prince Edward Island Liquor Control Commission’s Annual Report for the fiscal year 2023.

PLEASE DON’T DRINK & DRIVE

Respectfully submitted,

Daniel MacDonald, Chief Executive Officer

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PEILCC 2022-2023 Annual Report