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(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 leading recreational cannabis retailers, has signed a Memorandum of Understanding ("MOU") 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.
"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."
Under the terms of the MOU agreement, Quantum has 20 days to complete its due diligence, finalize terms in a definitive agreement, and ensure 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 cannabis consultants. This prime location has a long-term lease in place and a development permit issued from the City of Vancouver.
In the past twelve 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
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 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, partnerships, 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.
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