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Back to news Published on January 23, 2019

The Société québécoise du cannabis reports on its first three months of operation

Montréal, January 23, 2019 – In its first three months of business, the Société québécoise du cannabis (SQDC) completed more than 860,000 transactions, selling 5.7 tonnes of cannabis and generating around $40 million in revenues. Also, Health Canada figures indicate that the number of kilograms of cannabis distributed by the SQDC in November was equivalent to 35% of all non-medical cannabis sold in Canada.


Maintaining an adequate supply of cannabis remains a major issue for the new industry. All provinces are forced to deal with this reality and, regardless of the business model chosen, the limited number of suppliers and various logistics challenges. The two main roadblocks are that demand currently outstrips the authorized supply and authorized producers need to optimize their production chains.


To diversify its pool of suppliers, the SQDC issued a call for tenders for products in December and is studying the bids received. That said, no significant increase in supply will occur before late spring 2019. The SQDC currently has a catalogue of 110 products. On average, some 50 are available in stores each week, albeit on an intermittent basis, while another 15 or so products are offered online each day.


As for the store network, in addition to the previously announced locations in Joliette and Brossard, the SQDC plans to open a new store in Gatineau, at 73 De la Gappe Boulevard. Also, the company will not open a store at 830 Ste-Catherine Street East in Montréal as initially planned due to the expected provisions of Bill 2, which will tighten restrictions on cannabis, including those governing the minimum distance between SQDC stores and college and university-level educational institutions. All the employees who had been recruited for the store have been informed of the decision, and the SQDC is hoping to minimize the impact on them by offering positions elsewhere in its network to as many of them as possible.