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SQDC MAY TOP $300M IN 2020 SALES

Quebec’s crown monopoly REC retailer the Société Québécoise du Cannabis reported quarterly sales of $110.8M between October and December, placing the SQDC on the path to top $300M in its fiscal year.
MJ Biz Daily

  • The SQDC booked a total profit of $18M over the first three quarters of fiscal 2020.
  • Online revenue represented 6.5% of sales ($7.3M) in the most recent quarter.

Both the SQDC’s online and brick-and-mortar sales have increased in recent weeks, but the crown corporation does not share its sales figures and refused to say whether the increase was “weak, moderate, or important,” or which products were most popular.
La Presse–In French

Quick Hits

  1. Winnipeg police busted an illicit REC company called Dr. Kush that used insulated courier bags from food-delivery apps in order to escape detection.
    CBC Manitoba, Global News, The Province

  2. Shoppers intervened to foil an attempted robbery at (an apparently unlicensed) Farm Assists dispensary in Halifax.
    Global News, Chronicle Herald