The SQDC's first quarter of fiscal 2024-2025: Comprehensive income of $23.9 million

MONTRÉAL, Sept. 5, 2024 /CNW/ - For the first quarter of its 2024-2025 fiscal year which ended June 22, 2024, the Société québécoise du cannabis (SQDC) reported comprehensive income of $23.9 million, compared with $20.6 million for the same quarter of the preceding fiscal year.

To this amount can be added business-related tax revenues in the form of consumer and excise taxes, corresponding to $60.0 million, of which $43.0 million is going to Québec and $17.0 million to the federal government.

In all and including its comprehensive income, the SQDC is remitting $83.9 million to the two levels of government, including