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Summary

Quebecers Bought Over 18,000 kg Of Weed From The SQDC In The First Months After Lockdown

Sales totalled $110 million.
The SQDC Sold Over 18,000 kg Of Weed In The First Months After Lockdown
SQDC | Facebook
Staff Writer

The Société québécoise du cannabis (SQDC) has posted enormous profits during its first quarter of 2020. For their part, Quebecers bought 18,922 kilograms of weed between March 29 and June 20, 2020 — the first few months after lockdown.

No doubt an essential service to Quebecers from all walks of life, the SQDC was incredibly busy during those four months. The SQDC's sales totalled $110.4 million dollars, for a net income of $9.7 million.  

Editor's Choice: Over 1,000 Quebecers Are Fighting To Get Out Of Paying COVID-19-Related Fines

$110,400,00 Total SQDC Sales Between March 29 and June 20

Despite a decrease in retail traffic, the SQDC made around two million in-store transactions between March and June. A total of around 190,000 online transactions were processed. 

"The SQDC estimates that it has acquired more than 40% of the illegal market, based on an estimated total annual consumption of 150 metric tons for Quebec," the company said in a press release. 

Now, with same-day delivery available all across Montreal, the SQDC hopes to take over even more of the illegal cannabis market.

MontrealNewsNews

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    • Teddy Elliot
      Teddy Elliot was a Staff Writer for MTL Blog. He was born and raised in Montreal, Quebec and has a B.A. in Literature. Teddy has been a journalist for three years and was once an English teacher. His creative work has appeared in The Blasted Tree and Parenthetical Magazine. When he's not chasing scoops, Teddy can be found cheering on Aston Villa and listening to 80s power ballads. He was shortlisted for a Digital Publishing Award in 2021.

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