For the fiscal year ending March 29, 2025, Société québécoise du cannabis (SQDC) recorded total sales of $741.5 million, compared with $662.1 million the previous year, for overall earnings of $118.0 million, compared with $104.1 million in 2023-2024. Added to this are tax revenues from its operations in the form of consumption and excise taxes valued at $249.5 million ($177.9 million paid to Quebec and $71.6 million to the federal government). SQDC's contribution to the Quebec government is therefore $295.9 million.
The $118.0 million dividend and the Quebec portion of the excise tax are paid in full to the Quebec Minister of Finance, and are earmarked for cannabis prevention and research, and for combating the harm associated with the use of psychoactive substances. A total of $221.9 million will be paid into the Addictions Fund.
In 2024-2025, SQDC offered 381 products bearing the “Cultivé Québec” label, representing some 61% of the total supply in the dried flower, prerolled, ground cannabis, hashish and kief categories, compared with 47% the previous year. Of its 52 suppliers, 37 were from Quebec. By law, all cannabis sold to SQDC is grown in Canada.
Highlights
Always guided by its desire to better serve its customers, while respecting the laws that govern it, the SQDC has deployed numerous efforts to pursue its mission of converting cannabis consumers to the legal market and remaining a trusted destination for the purchase of cannabis in Quebec.
The year 2024-2025 was marked by increased organizational efficiency thanks to the implementation of two structuring technological systems, the implementation of the second year of its 2024-2026 Strategic Plan, the expansion of its network, the deployment of new branch concepts, the planning of the commercialization of vaping cannabis products, as well as the expansion of the 90-minute delivery coverage area.
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