(TheNewswire)
Vancouver, BC – TheNewswire - April 29, 2021 – Quizam Media Corporation (“the Company”) (CSE:QQ ) (CNSX:QQ.CN) ( OTC:QQQFF), a leading cannabis retailer thru itschain of stores Quantum 1 Cannabis, is pleased to announce recordthird quarter results for the period ending February 28 th , 2021.
Q3 revenue in 2021 compared with the same quarter lastyear has increased by 672% from $169,242 to $1,305,939.
Q3 Gross Profit compared with same quarter last yearincreased 463% from $124,495 to $576,544.
Q3 Financial Highlights:
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- Q3 2021 revenue of $1,305,939
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- Increase of $1,136,697 and 672% over Q3 2020 revenueof $169,242
- Q3 2021 Cannabis Retail Gross Profit
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- Grown from $24,221 to $463,366 (39% Margin)
- Q3 2021 General and Administrative of 265k or 20% ofrevenue
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- Versus 85k or 50% of revenue Q3 2020
- Q3 2021 Wages and Contractors of $219K or 17% ofrevenue
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- Versus $86K or 94% of revenue Q3 2020
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The full financial statements are available onSEDAR.
“This has been QQ’s most successful sales quarter in history andwe are seeing a rapid growth rate is increasing quarter afterquarter,” stated President and CEO Russ Rossi. “We are proud ofour unique consumer experience with increased traffic and repeatcustomers attracted to our broad product lines and unique offeringsthat are in high demand.”
Corporate Highlights:
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- CUSTOMER TRAFFIC: High monthover month sales growth coming from our flagship store in NorthVancouver.
- FARM FRESH: Improving demandfor specialized “cottage grown” sativa and indica products.
- EXPERTISE: Continuedtraining and hiring of best of breed staff and management to cater toconsumer inquiries and needs
- TECHNOLOGY; Expandedin-house technology for management of human resources, inventory andregulatory requirements
“In 2021, our primary goal is to open a number of new locations inhigh traffic areas providing a leading customer experience in additionto adding new product offerings to our chain of stores,” added RussRossi. “We see great opportunities in one of the fastest growingsectors in North America.”
Quizam Media and Quantum1 Cannabis Corp.
CSE: QQ OTCQB: QQQFF | Telephone: (604) 683-0020 |
Email: ir@quizammedia.com Website: www.quantum1cannabis.com | Facsimile: (604) 683-0045 |
Growing Together. Quizam Media and its cannabis retail chain Quantum 1, wasborn from our desire to cultivate great energy and interactions withour communities. Our retail stores bring together good vibes andgood people, aiming to forge connections to cannabis in meaningfulways. We consider every product, every service offering in ourstores as forms of energy that can heighten our own energies and inturn our collective world. That’s why everything we serve is setto the highest standards.
Quantum1 ( www.quantum1cannabis.com ) is a wholly owned subsidiary of QuizamMedia a publically traded company.
Quizam Media Corporation
Suite 650, 609 Granville Street
PO Box 10381 Vancouver, BC
V7Y 1G6
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.
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