Agoracom Blog

Leading Cannabis Retailer Quizam ’22 Revenue Hit $6.9M, Growing Profits/Potential Dividend Payout

Posted by Brittany McNabb at 4:24 PM on Monday, May 8th, 2023

A successful licensed cannabis retailer in Western Canada, with a history of triple-digit growth since its inception and inherit expertise in accounting, management, and metrics. Operating 3 major retail locations in British Columbia (had 4) but recently sold one a few days ago in Vernon as it was not performing well.


The 3 Retail Locations being:

  1. North Vancouver – No other cannabis store within ½ mile
  2. Keremeos – No other cannabis store within 2 miles
  3. Vancouver – No other cannabis store within 300 meters

$QQ has achieved something that many other cannabis companies have struggled to do, by operating profitably and generating positive cash flow.


As of the nine months ending on February 28, 2023, the company has generated revenue of $5.5 million, representing an increase of $577,900 from the previous year.


Their retail store philosophy aims to bring together positive energy and individuals who share an interest in cannabis, with the intention of forging meaningful connections to their products.


The global cannabis market is expected to see significant growth in the coming years, with the Global Market Expecting:

  • By 2025, the cannabis market to reach $9.2 BILLION
  • By 2033, it’s projected that global cannabis sales will hit $200 BILLION –
  • Cannabis is projected to surpass sales of spirits within the next decade


  • The Cannabis industry has contributed $43.5 billion to Canada’s GDP since legalization
  • 98,000 jobs and put $15.1 billion into the government coffer



In addition to its cannabis business, it also has a Corporate Learning Division called ‘On-Track’, which boasts 3,000 B2B customers and 82,000 users. On-Track is the number one training provider for Microsoft 365, Adobe Creative Cloud, and Business/Soft Skill.


FUN FACT: Statistics Canada data show British Columbians spent more than $314.5 million on legal cannabis products in the first six months of 2022, up more than 24% from the nearly $253.8 million that they spent in the same 6 months of 2021.


Not to mention…


Canadian adult-use cannabis sales jump nearly 18% in 2022, hitting CA$4.5 billion.


That’s not all…


Russ dives into what the game plan could look like for Quizam Media in 2023 and talks about potentially splitting the two divisions off into a cannabis division and IT division to create two public companies, which would benefit all shareholders. He speaks about paying a dividend, which would yield 30%.


Now, sit back relax and watch this exciting interview with Russ Rossi the CEO of Quizam Media and find out more on the potential company split, dividends, and which courses are in the most demand… trust me, you will be surprised!


Comments are closed.