CSE:QQ

Quantum 1 Cannabis Signs Purchase Agreement to Open Flagship Location Near Oakridge Centre, Vancouver's Largest Retail and Residential Development

(TheNewswire)



May 6 th , 2021 - TheNewswire - Vancouver, BC - Quizam Media Corporation ( " the Company " ) (CNSX:QQ.CN) (OTC:QQQFF) is pleased to announce that its subsidiary, Quantum 1 Cannabis ( " Quantum " ), one of Canada ' s fastest growing and leading recreational cannabis retailers, has signed a revised Memorandum of Understanding ( " MOU " ) with Canna-Place to acquire an approved, municipal cannabis retail location in one of Vancouver ' s most diverse neighborhoods at 41 st and Cambie Street in Vancouver, BC.  The purchase includes a retail cannabis development permit and other rights for the purpose of Quantum to operate a legal cannabis retail store.

Under the terms of the new agreement, Quantum 1 has secured and finalized a prime location to move its development permit from a basement location to a higher traffic ground floor space.  Quantum 1 is awaiting approval from the city for said move.

The new location will feature a full service, recreational cannabis retail experience featuring an upscale, contemporary design and a staff of highly trained cannabis consultants.

" With the recent financial announcement of record sales growth across our chain of unique cannabis stores, this flagship location expands our footprint in the Lower Mainland and has exceptional potential for growth. With over a billion dollars of development being spent at Oakridge Centre, density will significantly increase in what is already a high traffic area, " stated CEO Russ Rossi. " Our dedicated team of experts is excited to serve our growing base of customers with a service and retail experience unlike anything seen in BC before. "

In the past fourteen months, Quantum 1 has opened stores in North Vancouver, Vernon, Grand Forks, Keremeos and Creston.

About Quantum1 Cannabis Corp.

Growing Together. Quantum 1 was born from our desire to cultivate great energy and interactions with our communities.   Our retail stores bring together good vibes and good people, aiming to forge connections to cannabis in meaningful ways.  We consider every product, every service offering in our stores as forms of energy that can heighten our own energies and in turn our collective world.  That ' s why everything we serve is set to the highest standards.

Quantum1 ( www.quantum1cannabis.com ) is a wholly owned subsidiary of Quizam Media a publically traded company on the CSE: QQ and US: QQQFF

Quizam Media Corporation

Suite 650, 609 Granville Street

PO Box 10381 Vancouver, BC

V7Y 1G6

Telephone: 604-683-0020

Email: ir@quizammedia.com.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and nature of potential acquisitions, joint ventures, partner ships, business dealings and financings, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

Copyright (c) 2021 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

The Conversation (0)

Trulieve to Open Medical Cannabis Dispensary in Columbus, Georgia

New Muscogee County location will host grand opening celebration Friday, December 20 th

Trulieve Cannabis Corp. (CSE: TRUL ) (OTCQX: TCNNF )  ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the United States today announced the opening of a new medical cannabis dispensary in Columbus, Georgia .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Trulieve to Open Medical Cannabis Dispensary in Tampa, Florida

New Hillsborough County location will host grand opening celebration Friday December 13

Trulieve Cannabis Corp. (CSE: TRUL ) (OTCQX: TCNNF ) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced the opening of a new medical cannabis dispensary in Tampa, Florida .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Cannabis leaves, US flag.

Cannabis Round-Up: DEA Postpones Rescheduling Hearing, Key Players Share Quarterly Results

November was a busy month for the cannabis industry, with a slew of US-centric developments.

A hearing on cannabis rescheduling was postponed until 2025, although the incoming Trump administration has signaled its intent to follow through on the change despite opposition from some Republican lawmakers.

Meanwhile, several states voted on cannabis measures, and companies reported their latest quarterly results.

Keep reading...Show less
Cannabis plants and a stock chart.

US Cannabis Sales Hit Record in October, Market Set to Reach US$55 Billion by 2030

Cannabis sales in the US reached a record high in October, with retail transactions totaling approximately US$2.8 billion, according to data from LeafLink, a wholesale cannabis platform.

While sales saw a slight 2.1 percent dip compared to September, they were up 6.2 percent year-on-year. Total retail cannabis sales in 2024 are expected to hit US$32.6 billion, representing a 10.8 percent increase over the previous year.

LeafLink attributes much of this growth to new licenses in states such as New York, New Jersey and Ohio.

Keep reading...Show less
Australia flag and cannabis.

Australian Senate Rejects Greens' Bill to Legalise Cannabis

The Australian Greens announced on Wednesday, November 27, that the Legalising Cannabis Bill 2023 was defeated in a 13 to 24 vote, preventing the federal legalisation of cannabis.

“The Labor and Coalition parties joined together to try and hold Australia back in the 1950s by blocking this desperately needed reform,” said Greens Senator for New South Wales David Shoebridge.

Shoebridge said on X that the parties “teamed up” to vote against legalizing cannabis in the Senate, “yet another example of the major parties working together to refuse any sort of progress.”

All 11 Greens Senators voted in favour of the Bill, as did Independent Senators Lidia Thorpe and Tammy Tyrrell.

Keep reading...Show less
Cannabis and Australian money.

Victoria Amends Driving Rules for Medicinal Cannabis Users, Changes Effective in Mid-2025

Both houses of parliament in Victoria, Australia, have successfully passed the Roads and Road Safety Legislation Amendment Bill 2024, Cannabis Council Australia said in a recent newsletter.

The organisation sees this as a “promising development” in the area, calling it a “critical legislative milestone." The bill's passing will allow for judicial discretion when decisions about medicinal cannabis are made.

Magistrates will now have the ability to evaluate individual cases where drivers who hold valid medicinal cannabis prescriptions test positive for THC, but show no signs of impairment.

Keep reading...Show less

Latest Press Releases

Related News

×