Quantum 1 Cannabis CEO Russ Rossi: Store Expansion in North Vancouver and a New Venture

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Quantum 1 Cannabis CEO Russ Rossi

Quantum 1 Cannabis CEO Russ Rossi shared that the company recently secured a lease to expand its store in North Vancouver.

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Quantum 1 Cannabis (CSE:QQ) CEO Russ Rossi shared that the company recently secured a lease to expand its store located in North Vancouver. The new store will be a 3,000 square foot full-service recreational cannabis store that features a contemporary design and the company’s signature customer service.

"We needed bigger space, so next door is available. It's about 3,000 square feet. And we're going to go to you on a lease for awhile, we just got it signed last week, seven days ago. We're now renovating and we're putting the applications in to have the bigger showcase store, which is literally — I mean, literally — next door to our other store, it shares a wall," said Rossi.

In the interview, Rossi said that if things were up to him, he'd like to have eight high-revenue, highly profitable stores, so the company continues to rent spaces in cities where there are no cannabis stores yet. Currently, Quantum 1 Cannabis operates five stores in BC.

He also highlighted, “We are strong with zero debt, so we're in a strong position to be able to acquire and be able to roll up. The biggest challenge would be the fact that right now you can only have eight stores.”

Aside from its full-service stores, Quantum 1 Cannabis also has an online learning and training component that has grown, thanks in part to the pandemic, which has taught everybody how to learn to thrive in an online environment. Rossi noted, “Our classes are logging in not just from Vancouver, but from Victoria, Toronto, the US, Minnesota, Los Angeles ... and we don't just have eight people in a class, we have 1,520. It's amazing."

Rossi also discussed the company’s newest venture: OnTrackTV, a free video platform for learning videos.

Disclaimer: This interview is sponsored by Quantum 1 Cannabis (CSE:QQ). This interview provides information which was sourced by the Investing News Network (INN) and approved by Quantum 1 Cannabis in order to help investors learn more about the company. Quantum 1 Cannabis is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Quantum 1 Cannabis and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, 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. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

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