Profitability is indeed possible in the sectorMONTRAL, June 12, 2023 /CNW/ - For its fiscal year ended March 25, 2023, the Socit qubcoise du cannabis (SQDC) posted total sales of $601.9 million, compared with $600.5 million for the preceding fiscal year. The company reported net income of $94.9 million versus $75.7 million in fiscal 2021-2022. To this can be added the government revenues generated by its operation in the form of consumer and excise taxes, estimated at $193.8 million, with $137.8 million going to Qubec and $56.0 million to the federal government. The SQDC's total contribution to the Qubec treasury is therefore $232.7 million.
https://www.newswire.ca/news-releases/the-sqdc-reports-net-income-of-94-9-million-for-fiscal-2022-2023-805351293.html