Statistics Canada released their findings from their two surveys conducted during Q4 of 2017 and Q4 of 2018. Only companies with a license from Health Canada from 2017 as of September 2017 will be included in the survey data. The survey collected a wide range of information such as production, inventory, revenue, expenses, employment and capital expenditures in 2015 and 2016.
The date shows that Ontario takes the biggest piece out of total cannabis sales in each province at 51.3%. The provinces with the smallest percentages of cannabis sales are combined in the data as “Rest of Canada”. The smallest percentages of sales were from the Northwest Territories, Nunavut, and Yukon with 0.1%, 0.0%, and 0.0%.
The total revenue and expenses for the companies ended up resulting in an implied loss of $57.1 million after deducting the total expenses (of $302.8 million) from the total revenue (of $245.7 million).
The largest expense categories that the companies all reported were that 11% went towards raw materials and another 11% was for rent and regular business operation fees.