PEI Cannabis

Last updated
PEI Cannabis
Company type Crown corporation
Industry Retail
FoundedOctober 17, 2018;6 years ago (2018-10-17) [1]
Headquarters
Canada
Number of locations
26
Key people
ProductsCannabis sales and distribution
Revenue$22,500,680 (2022-2023)
$2,909,096 (2022-2023
Owner Government of Prince Edward Island
Parent Prince Edward Island Liquor Control Commission
Website peicannabiscorp.com

PEI Cannabis (formally, known as PEI Cannabis Management Corporation) is a Crown corporation responsible for supply to retail sales of cannabis products in the Canadian province of Prince Edward Island. It is incorporated as a subsidiary of PEI Liquor, formally known as the PEI Liquor Control Commission.

Contents

History

In March 2018, the Prince Edward Island government announced the establishment of two retail locations: Montague and Summerside. [2] Two further locations were announced in April: Charlottetown and O'Leary, but the O'Leary store was delayed to January 2019. [3] [4] PEI Cannabis made significant investments in online infrastructure to meet projected demand. [1]

Preliminarily, according to, PEI Cannabis, $152,408,35 of cannabis products were sold on P.E.I. the first day of legalization. [5] Due to high demand, by November 2018, PEI Cannabis had announced plans to expand its workforce. [6]

For the 2019/2020 fiscal year, online sales accounted for 1% of total revenue. [7]

References

  1. 1 2 "P.E.I. Cannabis putting 'final touches' on preparations for legalization". CBC News. 2018-09-28. Archived from the original on 2018-10-06. Retrieved 2025-03-20.
  2. ↑ "Cannabis retail stores in Montague, Summerside, far away from schools". CBC News. 2018-05-02. Archived from the original on 2018-03-06. Retrieved 2025-03-20.
  3. ↑ Yarr, Kevin (2018-04-20). "Charlottetown, O'Leary locations for final 2 P.E.I. marijuana stores released". CBC News. Archived from the original on 2020-11-09. Retrieved 2025-03-20.
  4. ↑ Yarr, Kevin (2019-10-17). "Why P.E.I. is proud of how much cannabis it's selling". CBC News. Archived from the original on 2019-11-25. Retrieved 2025-03-20.
  5. ↑ Fraser, Sara (2018-10-20). "All the pot stories from CBC P.E.I. this historic week". CBC News. Archived from the original on 2018-11-16. Retrieved 2025-03-20.
  6. ↑ Spencer, Brittany (2018-11-20). "1 month into legalization, P.E.I. Cannabis, Figr take on more staff to keep up with demand". CBC News. Archived from the original on 2018-11-21. Retrieved 2025-03-20.
  7. ↑ Doria-Brown, Jessica (2021-01-12). "Not too shy to buy: P.E.I. Cannabis online sales tiny compared to in-store purchases". CBC News. Archived from the original on 2022-12-01. Retrieved 2025-03-20.
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