Quebec’s provincially-owned hashish retailer says its progress has plateaued for the primary time regardless of an rising variety of pot retailers as a result of some two dozen shops have been affected by strikes.
On each a quantity and greenback foundation, the Société québécoise du hashish says its gross sales remained steady in its 2022 to 2023 fiscal yr, a shift away from the sustained progress it noticed during the last 4 years.
The SQDC had complete gross sales of $601.9 million and 106,526 kg of hashish within the 2022 to 2023 fiscal yr, which in contrast with $600.5 million and 106,448 kg the yr earlier.
It blamed the plateau within the interval ended March 25 on 24 hashish shops whose staff have principally been on strike since May 2022 as they search higher wages.
The affected shops are being operated by their managers and have remained open however on a lowered scheduled.
While complete gross sales remained flat, the SQDC stated income had been up, totalling $94.9 million for the final fiscal yr in contrast with $75.7 million the yr earlier than.
