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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

CANADA

  • 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

NOT A ONE TRICK PONY

 

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!

 

VIDEO – Quizam Media Corp $QQ.ca $QQQFF Heads to the Cannabis Big Leagues with Green Light for OTCQB Listing $FAF $CLIQ $ISH $SUN.ca

Posted by AGORACOM-JC at 6:23 PM on Wednesday, March 31st, 2021
QQ Quantum1 Quizam

Quizam Media Corp’s (QQ:CSE QQQFF:OTC) wholly owned subsidiary Quantum 1 Cannabis has been experiencing rapid growth across British Columbia.

  • The company opened five stores over the past 12 months…
  • …with a flagship sixth store on the way
  • Quarterly Revenue shot up from $138,000 Nov. 2019 to $954,000 Nov 2020
  • The Firm recently closed a $808,500 private placement…

Now, the cannabis retailer – which puts its history in the education sector at the heart of its commercial operation – is heading to the big leagues.

It began trading on the OTCQB exchange this week, after receiving approval from OTC Markets Group. And that’s just the start of its ambitious plans.

Check out this conversation with Russ Rossi, Quizam Media’s President & CEO:

Quizam Media Corp $QQ.ca $QQQFF is Seeing Explosive Growth for its Quantum #Cannabis Corporation, Expanding its Retail Footprint amidst The Great Cannabis Gold Rush $FAF $FAF.ca $CLIQ $ISH $ISH.ca $SUN.ca

Posted by AGORACOM-JC at 5:01 PM on Wednesday, March 3rd, 2021

Quizam Media Corp’s (QQ:CSE QQQFF:OTC) wholly owned subsidiary Quantum 1 Cannabis is experiencing rapid growth across British Columbia!

In the past 12 months, Quantum 1 has opened stores in:

  • North Vancouver
  • Vernon
  • Grand Forks
  • Keremeos
  • Creston

And it will soon be opening its sixth, and flagship, store in Oakridge, B.C.

In Tandem with this expansion, quarterly revenue is accelerating rapidly, rising from $138,000 in Nov 2019 to $954,000 in Nov 2020.

What’s its secret sauce? The company places a huge emphasis on education. That’s because Quizam has its roots as an educational media company that spent a long time educating people about cannabis, long before it became legal.

  • In this nascent market, people are looking for trusted, authoritative voices

The company’s growth comes as Canada is experiencing ‘The Great Cannabis Gold Rush’ –

  • By 2021, Canada’s cannabis market is expected to reach $3bn, translating to 77.9% CAGR from 2018-2021.
  • Cannabis now contributes $14.6bn to Canada’s economy, up from $8bn previous est.
  • Cannabis 2.0 new products (candy, drinks) could generate $2.5bn in sales in Canada.
  • You’re going to want to get comfy for this conversation with Russ Rossi, Quizam Media’s President & CEO: