Société des Alcools du Québec (SAQ) has signed a deal with six cannabis companies to supply the province’s recreational market.
The six companies are:
The companies will supply the SAQ stores with over 58,000 kilograms of marijuana in the first year of sales.
Hydropothecary is the only Quebec-based cannabis supplier on the list and has landed the biggest deal with SAQ.
Hydropothecary will supply 20,000 kg of product in the first year and plans to supply 35,000 kg in the second year and 45,000 kg in the third year.
“Becoming the preferred supplier of the Quebec market as soon as legalization comes into effect is a source of great pride for us, and represents a sign of confidence in our ability to increase our production to meet our commitments,” said Sébastien St -Louis, co-founder and CEO of Hydropothecary, in a release.
“This agreement marks an important step in the execution of our growth strategy, which focuses on the Québec market, first by expanding our Gatineau facilities and hiring new employees, then by establishing our presence on the market.”