MONTRÉAL, June 6, 2024 /CNW/ - For its fiscal year ended March 30, 2024, the Société québécoise du cannabis (SQDC) posted total sales of $662.1 million, compared with $601.9 million for the preceding fiscal year. The company reported comprehensive income of $104.1 million versus $94.9 million in fiscal 2022-2023. To this can be added the government revenues generated by its operations in the form of consumer and excise taxes, estimated at $217.3 million, with $157.4 going to Québec and $62.6 million to the federal government. The SQDC's total contribution to the Québec treasury is therefore $258.8 million. The $104.1 million in net income and the Québec portion of the excise tax are remitted in full to the Ministère des Finances du Québec and earmarked primarily for cannabis-related prevention efforts and the fight against the effects of psychoactive substances. For the fiscal year ended March 30, 2024, the SQDC achieved a sales volume of 122,478 kg of cannabis, a 15.0% increase from the preceding fiscal year (106,626 kg in fiscal 2022-2023). The SQDC's market capture rate thus reached 62.8%1 in fiscal 2023-2024. The company's sales grew 10% from fiscal 2022-2023, totalling $662.1 million. It should also be noted that fiscal 2023-2024 year had 53 weeks, compared with 52 weeks for the preceding fiscal year. First year of the deployment of the SQDC Strategic Plan 2024-2026 Highlights of the SQDC's 2023-2024 fiscal year included marking the first five years of its existence, implementing its second strategic plan and the November 2023 appointment of its new ...