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P.E.I. to release first quarter cannabis sales next week

Islanders should find out next week how much demand there has been for cannabis in the first three months of legalization.

P.E.I. Cannabis Corp. is set to release its sales for its first quarter late next week.

Those numbers would include sales from its three physical locations as well as online since Oct. 17.

The fourth P.E.I. Cannabis location in O’Leary would not be included, as construction has caused the store’s opening to be delayed.

On Monday, O’Leary Mayor Eric Gavin said he was told the store would be opening between the middle and end of January, although he added that he wouldn’t be surprised if it is now a February opening.

He said the town has been collecting rent from P.E.I. Cannabis since it took over the location, which is owned by the town, on Oct. 17.

Gavin said he was looking forward to the store’s opening.

“It’s a big thing, to have those jobs here and have the foot traffic,” said Gavin.

The province previously announced it had collected more than half a million in sales during the first week of cannabis legalization. According to figures from P.E.I. Cannabis, total after-tax sales amounted to $591,264 and, in total, $72,218 was collected in tax revenue over the week.

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