Quebec’s government-owned cannabis retail monopoly reported net income of $33 million Canadian dollars ($24.5 million) for its third quarter.
The Société québécoise du cannabis (SQDC) said retail sales of recreational cannabis totaled CA$201.6 million for the quarter ended Dec. 30, up 7.6% over the same quarter a year before.
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By volume, the retailer sold 37,215 kilograms of cannabis (82,045 pounds).
The quarterly sales total includes CA$189.3 million worth of cannabis sold from brick-and-mortar stores and CA$12.3 million sold online, the profitable public-sector business said in a news release.
A labor dispute ended during the quarter as SQDC signed new collective bargaining agreements with employees represented by the Canadian Union of Public Employees.
The SQDC has 98 stores in Quebec.
The retailer recently
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