Quizam Announces Record Cannabis Revenue with Third Quarter up 672% and Gross profit up 463%
posted on
Apr 29, 2021 05:50PM
Quizam Hit $7.4M In Revenue 2023, Operating 3 Profitable Stores
CSE: QQ
OTCQB: QQQFF
Telephone: (604) 683-0020
Email: ir@quizammedia.com
Website: www.quantum1cannabis.com
Facsimile: (604) 683-0045
Vancouver, BC – Quizam Media Corporation (“the Company”) (CSE: QQ OTCQB: QQQFF), a leading cannabis retailer thru its chain of stores Quantum 1 Cannabis, is pleased to announce record third quarter results for the period ending February 28th, 2021.
Q3 revenue in 2021 compared with the same quarter last year has increased by 672% from $169,242 to $1,305,939.
Q3 Gross Profit compared with same quarter last year increased 463% from $124,495 to $576,544.
Q3 Financial Highlights:
The full financial statements are available on SEDAR
“This has been QQ’s most successful sales quarter in history and we are seeing a rapid growth rate is increasing quarter after quarter,” stated President and CEO Russ Rossi. “We are proud of our unique consumer experience with increased traffic and repeat customers attracted to our broad product lines and unique offerings that are in high demand.”
Corporate Highlights:
“In 2021, our primary goal is to open a number of new locations in high traffic areas providing a leading customer experience in addition to adding new product offerings to our chain of stores,” added Russ Rossi. “We see great opportunities in one of the fastest growing sectors in North America.”
Quizam Media and Quantum1 Cannabis Corp.
Growing Together. Quizam Media and its cannabis retail chain 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 publicly traded company.
Quizam Media Corporation
Suite 650, 609 Granville Street
PO Box 10381 Vancouver, BC
V7Y 1G6
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.