SQDC's net and comprehensive income upQuébec

MONTREAL, Feb. 12, 2026 /CNW/ - The Société québécoise du cannabis (SQDC) recorded net and comprehensive income of $43.6 million at the end of its third quarter of fiscal year 2025-2026, which ended January 3, 2026, compared to $40.5 million for the same quarter of the previous fiscal year. Added to this amount are tax revenues generated by its operations in the form of consumption taxes and excise taxes, which total $82.3 million, of which $58.5 million is paid to the Quebec government and $23.8 million to the federal government.

The net income 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, as well as for combating the harms associated with the use of psychoactive substances. A total of $76.8 million is therefore paid into the Addiction Fund.

Quarterly results at a glance

• Total sales for the third quarter reached $253.7 million, compared to $235.9 million in the third quarter of fiscal year 2024-2025.
• In terms of volume, these sales represent 51,732 kg of cannabis, compared to 47,843 kg in the same period last year, an increase attributable in particular to the opening of eight stores in one year.
• The average selling price was $5.64 per gram, including all taxes, for all cannabis products, compared to $5.67 in the third quarter of 2024-2025.
• During this quarter, 6.4 million transactions were recorded, compared to 6.0 million in the same quarter of the previous fiscal year.
• Sales from the retail store network amounted to $243.2 million, compared to $226.5 million for the same quarter of fiscal 2024-2025, while online sales reached $10.5 million, compared to $9.4 million for the same respective periods.
• For the third quarter, the SQDC's net expenses reached $40.9 million, corresponding to a ratio of 16.1% of sales, compared to $37.5 million and a ratio of 15.9% of sales for the same period last year.

SOURCE: Le Lézard

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