(TheNewswire)
Vancouver, BC – TheNewswire - February 16 th , 2021 – Quizam Media Corporation (“the Company”) (CSE:QQ) (CNSX:QQ.CN) (OTC: QQQFF)is pleased to announce that its subsidiary, Quantum 1 Cannabis(“Quantum”), one of Canada’s fastest growing and leadingrecreational cannabis retailers, has signed a Memorandum ofUnderstanding (“MOU”) to acquire an approved, municipal cannabisretail location in one of Vancouver’s most diverse neighborhoods at41 st and Cambie Street inVancouver, BC.
“This flagship location expands our footprint in the Lower Mainlandand has exceptional potential for growth. With over a billion dollarsof development being spent at Oakridge Centre, density willsignificantly increase in what is already a high traffic area,”stated CEO Russ Rossi. “Our dedicated team of experts is excitedto serve our growing base of customers with a service and retailexperience unlike anything seen in BC before.”
Under the terms of the MOU agreement, Quantum has 20 days to completeits due diligence, finalize terms in a definitive agreement, andensure the smooth transfer of all licenses and permits.
The new 2,400 square foot location will feature a full service,recreational cannabis retail experience featuring an upscale,contemporary design and a staff of highly trained cannabisconsultants. This prime location has a long-term lease in place anda development permit issued from the City of Vancouver.
In the past twelve months, Quantum 1 has opened stores in NorthVancouver, Vernon, Grand Forks, Keremeos and Creston.
About Quantum1 Cannabis Corp.
Growing Together. Quantum 1 was born from our desire to cultivate greatenergy and interactions with our communities. Our retail storesbring together good vibes and good people, aiming to forge connectionsto cannabis in meaningful ways. We consider every product, everyservice offering in our stores as forms of energy that can heightenour own energies and in turn our collective world. That’s whyeverything we serve is set to the highest standards.
Quantum1 ( www.quantum1cannabis.com ) is a wholly owned subsidiary of QuizamMedia a publically traded company on the CSE: QQ and US: QQQFF
CSE Trading Symbol: QQ | Telephone: (604) 683-0020 |
Email: ir@quizammedia.com Website: www.quantum1cannabis.com | Facsimile: (604) 683-0045 |
The CSE has not reviewed and doesnot accept responsibility for the adequacy or accuracy of thisrelease. This news release may contain forward-looking statementsincluding but not limited to comments regarding the timing and natureof potential acquisitions, joint ventures, partnerships, businessdealings and financings, etc. Forward-looking statements addressfuture events and conditions and therefore, involve inherent risks anduncertainties. Actual results may differ materially from thosecurrently anticipated in such statements. Readers are cautioned not toplace undue reliance on the forward-looking statements made in thisPress Release.
Copyright (c) 2021 TheNewswire - All rights reserved.