Vancouver, BC TheNewswire - February 16 th 2021 Quizam Media Corporation is pleased to announce that its subsidiary, Quantum 1 Cannabis one of Canada’s fastest growing and leading recreational cannabis retailers, has signed a Memorandum of Understanding 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 ...

(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.

News Provided by TheNewsWire via QuoteMedia

ONGOING INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in Cronos Group Inc. with Losses of $100,000 to Contact the Firm

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors ofCronos Group Inc. ("Cronos" or "the Company") (NASDAQ:CRON) for violations of the securities laws

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Cronos filed a Form 8-K with the SEC on November 9, 2021, disclosing that the Company would "be required to restate its previously issued unaudited interim financial statements for the three and six months ended June 30, 2021" and that "the Company's financial statements for this period should therefore no longer be relied upon." Based on this news, shares of Cronos fell by nearly 16%.

Keep reading... Show less
Ayurcann Holdings Corp. Reports Third Consecutive Quarter of Positive Operating Income

Ayurcann Holdings Corp. Reports Third Consecutive Quarter of Positive Operating Income

Ayurcann Holdings Corp. (CSE: AYUR, FSE: 3ZQ0) (the " Company " or " Ayurcann ") a Canadian cannabis extraction company specializing in the processing and manufacturing of cannabis to produce cannabis 2.0 and 3.0 products, is pleased to report its financial and operating results for the three-months ended September 30, 2021. All figures reported are in Canadian dollars.

HIGHLIGHTS OF FIRST QUARTER ENDED SEPTEMBER 30, 2021:

Keep reading... Show less
Greenrose Acquisition Corp. Announces Closing of Business Combination with Theraplant

Greenrose Acquisition Corp. Announces Closing of Business Combination with Theraplant

Greenrose Acquisition Corp. (OTC: GNRSU, GNRS, GNRSW) ("Greenrose" or the "Company") announced today that it has closed its previously announced business combination (the "Business Combination") with Connecticut-based Theraplant, LLC. The transaction was approved at a special meeting of Greenrose's stockholders on October 27, 2021.

The Company has been renamed The Greenrose Holding Company Inc. and will continue to be listed on the OTC under the symbols "GNRS" and "GNRSW." Greenrose also intends to co-list on the NEO exchange as soon as practicable after the close of the Business Combination.

Keep reading... Show less
Hempsana Announces Commercial Production of CBG

Hempsana Announces Commercial Production of CBG

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Hempsana Holdings Ltd. (the " Company " or " Hempsana "), a leading cannabis extraction company that focuses on the production of high-quality cannabis extracts, today announced its completion of it's largest commercial run of cannabigerol ("CBG").

Keep reading... Show less

Trulieve Cannabis Corp. Issues Inaugural Environmental, Social, and Governance Report

The company's first ESG report outlines efforts to operate with integrity and support
long-term sustainability

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), the largest multi-state operator (MSO) in the United States today announced the publication of its first Environmental, Social, and Governance (ESG) Report (the "Report"). The Report contains standard disclosures from the Global Reporting Initiative (GRI) Sustainability Reporting Standards, The Sustainability Accounting Standards Board (SASB) as well as the United Nations Sustainable Development Goals. The Report highlights ESG achievements to date and serves as a foundation for demonstrating how the Company's ESG approach, strategies and commitments are embedded within its core business.

Keep reading... Show less
Gage Growth Corp. Announces Record Third Quarter 2021 Results and Provides Business Update

Gage Growth Corp. Announces Record Third Quarter 2021 Results and Provides Business Update

  • Record Q3 2021 revenue of $27.2 million , an increase of 119.6% YoY and 3.2% quarter over quarter
  • Announced proposed arrangement pursuant to which TerrAscend Corp. will acquire all of the issued and outstanding subordinate voting shares of Gage
  • Closed on a $55 million senior secured term loan
  • Ended the quarter with $17.7 million of cash and $72.3 million of pro forma cash 1
  • Gross margins of 36.5% compared to 34.2% in Q2 2021, sequential quarter growth of 230 basis points
  • Q3 2021 average selling price of dried flower of approximately $4,900 /lb vs. Michigan average of approximately $3,400 /lb – 44% premium
  • The state of Michigan posted $164 million of cannabis sales in October, which equates to approximately $1.96 billion when annualized, positioning Michigan as the third largest cannabis market in the United States based on this run-rate
  • Eleven cultivation facilities in operation today (three Gage operated and eight contracted cultivation assets) compared to three cultivation facilities in Q3 2020
  • The Company introduced Gage branded vape carts in October 2021 , which currently account for almost 80% of the overall vape cart sales so far in November

Gage Growth Corp. ("Gage" or the "Company") (CSE: GAGE) (OTCQX: GAEGF), a leading high-quality cannabis premium brand and operator in Michigan today reported its record financial results for the three and nine months ended September 30, 2021 . All currency references used in this press release are in U.S. dollars unless otherwise noted.

Keep reading... Show less

Top News

Related News