Latest news with #Sociétéquébécoiseducannabis
Cision Canada
04-07-2025
- Business
- Cision Canada
Project to Extend the Opening Hours in 20 SQDC Stores Français
MONTRÉAL, July 4, 2025 /CNW/ - Following the adoption of Act 8 (commonly referred to as Bill 85), which amends the Regulation respecting periods of admission to commercial establishments, the Société québécoise du cannabis (SQDC) will launch a project aimed at extending the opening hours of 20 stores in order to better carry out its mission of converting the users to the legal market with its focus on protecting public health. "The goal of this process is to better fight the illegal market at a time of the day when demand exists and illegal vendors are very active," explains Jean-François Dulac-Lemelin, Senior Vice-President, Customer Experience. "We want to continue serving users by improving accessibility to lower-risk products. This project will help us better understand consumers' behaviour and habits. Nearly 20% of our customers who buy cannabis outside our network cite our opening hours as a reason." Beginning August 3, eight hours of operation will be added. The extended schedule will be until 10 p.m. on Thursdays, Fridays and Saturdays and until 6 p.m. on Sundays. The current schedule of staying open until 9 p.m. on Mondays, Tuesdays and Wednesdays will be maintained. It should be noted that since opening its first 12 stores in 2018, the SQDC has been planning to take advantage of extended store hours. The adoption of Act 8 now makes that possible. Targeted locations Twenty points of sale located in busy areas across Québec will be included in the project. An additional Montréal store will join the list later this fall and an exception will be made for another Montréal store. Exception for the Vieux-Montréal store The Vieux-Montréal store will be the first to feature the extended schedule and will do so from its official opening on July 7. This new point of sale will be the 107th in the SQDC network and will feature several changes introduced by the SQDC over the last year to improve its concepts and the customer experience, such as island display cases, displaying products by category (dried flowers, edibles, pre-rolleds, hash, etc.) to improve our advisory approach and using warmer construction materials. "We are very pleased to open a new store in this part of the city and further increase the coverage of our market," said the store's manager, Mario Quattrociocche. "Our advisors have received the necessary training and are ready to field questions from a diverse range of customers. Our model is already well viewed abroad." About the Société québécoise du cannabis (SQDC) The SQDC is a government corporation mandated to distribute and sell cannabis in Québec with a focus on protecting customers' health and safety. The company is committed to offering quality products and informing and advising consumers on how to minimize the health impacts of cannabis. The goal is to shrink the illegal cannabis market in Québec. The declared dividend equal to the company's net income is transferred to the Fonds de lutte contre les dépendances, a fund managed by the Ministère des Finances du Québec, and reinvested primarily in cannabis-related education, prevention efforts and research. For more information, visit
Cision Canada
04-07-2025
- Business
- Cision Canada
/R E P E A T -- MEDIA ADVISORY - The SQDC to Extend the Opening Hours of Some Stores/ Français
MONTRÉAL, July 2, 2025 /CNW/ - The Société québécoise du cannabis invites media representatives to attend an update on its project to extend the opening hours of some stores, part of its effort to fight the illegal market as the company opens a new store in the Vieux-Montréal district. Date: Friday, July 4, 2025 Time: 9:30 a.m. Address: 84, rue Saint-Paul Est, Montréal Company representatives at the event: Suzanne Bergeron, President and Chief Executive Officer; Alexander Bove, Director, Real Estate; Jean-François Dulac-Lemelin, Senior Vice-President, Customer Experience; Théogène Morin, Regional Director; Mario Quattrociocche, Manager, Vieux-Montréal store; and Alban Troja, Director, Evolution and Performance, Customer Experience. Please note that interviews will be possible in French and English, microphone stands may be useful (no audio mult box) and parking is difficult in the area. About the Société québécoise du cannabis (SQDC) The SQDC is a government corporation mandated to distribute and sell cannabis in Québec with a focus on protecting customers' health and safety. The company is committed to offering quality products and informing and advising consumers on how to minimize the health impacts of cannabis. The goal is to shrink the illegal cannabis market in Québec. The declared dividend equal to the company's net income is transferred to the Fonds de lutte contre les dépendances, a fund managed by the Ministère des Finances du Québec, and reinvested primarily in cannabis-related education, prevention efforts and research. For more information, visit
Cision Canada
02-07-2025
- Business
- Cision Canada
MEDIA ADVISORY - The SQDC to Extend the Opening Hours of Some Stores Français
MONTRÉAL, July 2, 2025 /CNW/ - The Société québécoise du cannabis invites media representatives to attend an update on its project to extend the opening hours of some stores, part of its effort to fight the illegal market as the company opens a new store in the Vieux-Montréal district. Date: Friday, July 4, 2025 Time: 9:30 a.m. Address: 84, rue Saint-Paul Est, Montréal Company representatives at the event: Suzanne Bergeron, President and Chief Executive Officer; Alexander Bove, Director, Real Estate; Jean-François Dulac-Lemelin, Senior Vice-President, Customer Experience; Théogène Morin, Regional Director; Mario Quattrociocche, Manager, Vieux-Montréal store; and Alban Troja, Director, Evolution and Performance, Customer Experience. Please note that interviews will be possible in French and English, microphone stands may be useful (no audio mult box) and parking is difficult in the area. About the Société québécoise du cannabis (SQDC) The SQDC is a government corporation mandated to distribute and sell cannabis in Québec with a focus on protecting customers' health and safety. The company is committed to offering quality products and informing and advising consumers on how to minimize the health impacts of cannabis. The goal is to shrink the illegal cannabis market in Québec. The declared dividend equal to the company's net income is transferred to the Fonds de lutte contre les dépendances, a fund managed by the Ministère des Finances du Québec, and reinvested primarily in cannabis-related education, prevention efforts and research. For more information, visit
Cision Canada
04-06-2025
- Business
- Cision Canada
The SQDC reports comprehensive income of $118.0 million for fiscal 2024-2025 Français
MONTRÉAL, June 4, 2025 /CNW/ - For its fiscal year ended March 29, 2025, the Société québécoise du cannabis (SQDC) posted total sales of $741.5 million, compared with $662.1 million for the preceding fiscal year. The company reported comprehensive income of $118.0 million versus $104.1 million in fiscal 2023-2024. To this can be added the government revenues generated by its operations in the form of consumer and excise taxes, estimated at $249.5 million with $177.9 going to Québec and $71.6 million to the federal government. The SQDC is therefore contributing a total of $295.9 million to the Québec treasury. The $118.0 million dividend and the Quebec portion of the excise tax are remitted in full to the Ministre des Finances du Québec and reinvested primarily in cannabis-related prevention efforts and research and in the fight against the harmful effects of psychoactive substances. In all, $221.9 million will be transferred to the Fonds de lutte contre les dépendances. In fiscal 2024-2025, the SQDC's product offer included 381 "Québec grown" products, correspond to around 61% of the total offer in the dried flower, pre-rolled, ground cannabis, hash and kief categories, compared with 47% last fiscal year. Among the company's 52 suppliers, 37 were based in Québec. By law, all cannabis sold at the SQDC is grown in Canada. Highlights Guided as always by its desire to better serve customers while complying with the laws and regulations that govern it, the SQDC deployed numerous initiatives to further its mission of converting cannabis users to the legal market and remaining a trusted destination for buying cannabis in Québec. Fiscal 2024-2025 saw an increase in the company's organizational effectiveness related to the rollout of two structuring technology systems, the implementation of the second year of its Strategic Plan 2024-2026, the expansion of its sales network, the introduction of new store concepts, planning for the sale of cannabis vaping products and an expansion of the coverage area of its 90-minute delivery service. Rising sales Overall dollar sales grew 12.0% due to the opening of seven new stores and the busy summer and holiday seasons. Volume sales totalled 149,223 kg of cannabis, a 21.8% increase from fiscal 2023-2024 (122,478 kg) attributable to user conversion, mainly in the concentrates (hash and infused pre-rolled) segments. The difference in growth between volume sales and dollar sales stems from how Health Canada calculates the volume of concentrates in equivalent grams of dried cannabis. The SQDC recorded 18.8 million transactions in its 104 stores and on its website while the average sales price for all cannabis products combined was $5.71/g, compared with 16.1 million and $6.22/g respectively in fiscal 2023-2024. It should be noted that the 2024-2025 fiscal year consisted of 52 weeks, one less than the preceding fiscal year. Social responsibility In line with its Social Responsibility Plan 2024-2026, the SQDC took action on four fronts this year: the environment, governance, the community and the company's teams. Among other things, it reached a major milestone in residual materials management when it joined RECYC-QUÉBEC's ICI on recycle+ program. The company recovered and recycled more than 27 metric tons of rigid and flexible plastic packaging. In addition, 79% of the product containers and packaging sold are now considered eco-responsible, exceeding the SQDC's initial target of 50% for the year. Prospects SQDC management is satisfied with the company's financial results for the fiscal year ended March 28, 2025, and intends to continue implementing its Strategic Plan 2024-2025, which is based on three pillars: engaging its teams, optimizing the service provided to customers and raising awareness of its mission in Québec society. "To expand its market coverage and become even more accessible, the company plans to open new points of sale in the coming fiscal year," said Suzanne Bergeron, President and Chief Executive Officer. "As customer satisfaction is one of its top priorities, the SQDC will continue taking advantage of such openings to optimize the in-store experience with better-adapted customer journeys and an improved product offer." The SQDC is also continuing to introduce products in response to changing demand while also adhering to its mission to sell lower-risk products while maintaining a focus on health protection. For example, the company plans to start selling vaping products in the fall of 2025. Lastly, the SQDC was honoured to receive the Molière Retail Award from the Retail Council of Canada (RCC) for the second year running in recognition of the quality of its online French. In addition, the company won at the RCC's 2025 Excellence in Retailing Awards Gala in the category Omni-channel for the expansion of its 90-minute delivery service. The delivery service also earned the SQDC a place among the finalists at the 2025 Les Mercuriades competition run by the Fédération des chambres de commerce du Québec (FCCQ). The Annual Report 2025 is now available, in French, on The English-language version is in preparation and will be published soon. About the Société québécoise du cannabis (SQDC) The SQDC is a government corporation mandated to distribute and sell cannabis in Québec with a focus on protecting customers' health and safety. The company is committed to offering quality products and informing and advising consumers on how to minimize the health impacts of cannabis. The goal is to shrink the illegal cannabis market in Québec. The declared dividend equal to the company's net income is transferred to the Fonds de lutte contre les dépendances, a fund managed by the Ministère des Finances du Québec, and reinvested primarily in cannabis-related education, prevention efforts and research. For more information, visit
Yahoo
04-06-2025
- Business
- Yahoo
The SQDC reports comprehensive income of $118.0 million for fiscal 2024-2025
MONTRÉAL, June 4, 2025 /CNW/ - For its fiscal year ended March 29, 2025, the Société québécoise du cannabis (SQDC) posted total sales of $741.5 million, compared with $662.1 million for the preceding fiscal year. The company reported comprehensive income of $118.0 million versus $104.1 million in fiscal 2023-2024. To this can be added the government revenues generated by its operations in the form of consumer and excise taxes, estimated at $249.5 million with $177.9 going to Québec and $71.6 million to the federal government. The SQDC is therefore contributing a total of $295.9 million to the Québec treasury. The $118.0 million dividend and the Quebec portion of the excise tax are remitted in full to the Ministre des Finances du Québec and reinvested primarily in cannabis-related prevention efforts and research and in the fight against the harmful effects of psychoactive substances. In all, $221.9 million will be transferred to the Fonds de lutte contre les dépendances. In fiscal 2024-2025, the SQDC's product offer included 381 "Québec grown" products, correspond to around 61% of the total offer in the dried flower, pre-rolled, ground cannabis, hash and kief categories, compared with 47% last fiscal year. Among the company's 52 suppliers, 37 were based in Québec. By law, all cannabis sold at the SQDC is grown in Canada. HighlightsGuided as always by its desire to better serve customers while complying with the laws and regulations that govern it, the SQDC deployed numerous initiatives to further its mission of converting cannabis users to the legal market and remaining a trusted destination for buying cannabis in Québec. Fiscal 2024-2025 saw an increase in the company's organizational effectiveness related to the rollout of two structuring technology systems, the implementation of the second year of its Strategic Plan 2024-2026, the expansion of its sales network, the introduction of new store concepts, planning for the sale of cannabis vaping products and an expansion of the coverage area of its 90-minute delivery service. Rising salesOverall dollar sales grew 12.0% due to the opening of seven new stores and the busy summer and holiday seasons. Volume sales totalled 149,223 kg of cannabis, a 21.8% increase from fiscal 2023-2024 (122,478 kg) attributable to user conversion, mainly in the concentrates (hash and infused pre-rolled) segments. The difference in growth between volume sales and dollar sales stems from how Health Canada calculates the volume of concentrates in equivalent grams of dried cannabis. The SQDC recorded 18.8 million transactions in its 104 stores and on its website while the average sales price for all cannabis products combined was $5.71/g, compared with 16.1 million and $6.22/g respectively in fiscal 2023-2024. It should be noted that the 2024-2025 fiscal year consisted of 52 weeks, one less than the preceding fiscal year. Social responsibilityIn line with its Social Responsibility Plan 2024-2026, the SQDC took action on four fronts this year: the environment, governance, the community and the company's teams. Among other things, it reached a major milestone in residual materials management when it joined RECYC-QUÉBEC's ICI on recycle+ program. The company recovered and recycled more than 27 metric tons of rigid and flexible plastic packaging. In addition, 79% of the product containers and packaging sold are now considered eco-responsible, exceeding the SQDC's initial target of 50% for the year. ProspectsSQDC management is satisfied with the company's financial results for the fiscal year ended March 28, 2025, and intends to continue implementing its Strategic Plan 2024-2025, which is based on three pillars: engaging its teams, optimizing the service provided to customers and raising awareness of its mission in Québec society. "To expand its market coverage and become even more accessible, the company plans to open new points of sale in the coming fiscal year," said Suzanne Bergeron, President and Chief Executive Officer. "As customer satisfaction is one of its top priorities, the SQDC will continue taking advantage of such openings to optimize the in-store experience with better-adapted customer journeys and an improved product offer." The SQDC is also continuing to introduce products in response to changing demand while also adhering to its mission to sell lower-risk products while maintaining a focus on health protection. For example, the company plans to start selling vaping products in the fall of 2025. Lastly, the SQDC was honoured to receive the Molière Retail Award from the Retail Council of Canada (RCC) for the second year running in recognition of the quality of its online French. In addition, the company won at the RCC's 2025 Excellence in Retailing Awards Gala in the category Omni-channel for the expansion of its 90-minute delivery service. The delivery service also earned the SQDC a place among the finalists at the 2025 Les Mercuriades competition run by the Fédération des chambres de commerce du Québec (FCCQ). The Annual Report 2025 is now available, in French, on The English-language version is in preparation and will be published soon. About the Société québécoise du cannabis (SQDC) The SQDC is a government corporation mandated to distribute and sell cannabis in Québec with a focus on protecting customers' health and safety. The company is committed to offering quality products and informing and advising consumers on how to minimize the health impacts of cannabis. The goal is to shrink the illegal cannabis market in Québec. The declared dividend equal to the company's net income is transferred to the Fonds de lutte contre les dépendances, a fund managed by the Ministère des Finances du Québec, and reinvested primarily in cannabis-related education, prevention efforts and research. For more information, visit SOURCE Société québécoise du cannabis View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
