Quizam's Quantum1 Update on BC Retail Sites Progress

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(TheNewswire)

 

April 16th, 2019 / TheNewswire / Vancouver, BC – Quizam Media Corporation (“the Company”) (C: QQ) is pleased to provide an update on the progress for its 7 BC Cannabis Retail Locations. Please refer to www.quantum1cannabis.com for more details about the site locations. The current status is as follows:

 

Grand Forks BC – The City has approved Quantum1’s Recreational Cannabis Store and issued the recommendation “to go ahead” to the province. The company is now waiting on final approval from the province. Management understands that the province is conducting security and financial integrity checks on Quantum1. The company’s Licensing Team is in contact with the province weekly if not daily. Thus far all indicators have been positive.

 

Keremeos BC – The City has approved Quantum1’s Recreational Cannabis Store and issued the recommendation “to go ahead” to the province. The company is now waiting on final approval from the province. Management understands that the province is conducting security and financial integrity checks on Quantum1. The company’s Licensing Team is in contact with the province weekly if not daily. Thus far all indicators have been positive.

 

Vernon BC – The City has approved Quantum1’s Recreational Cannabis Store and issued the recommendation “to go ahead” to the province. The company is now waiting on final approval from the province. Management understands that the province is conducting security and financial integrity checks on Quantum1. The company’s Licensing Team is in contact with the province weekly if not daily. Thus far all indicators have been positive.

 

Terrace BC – Unlike the 3 aforementioned cities, Terrace does not issue approvals until after the province has completed all screening. Terrace has indicated to the Licensing Team that once the province gives the green light so will they.

 

Creston, BC – This location needs re-zoning. The company has made all necessary applications for the re-zoning. The hearing for re-zoning is to be set within the next month. Management feels that once the re-zoning is done there is a very good chance of city approval. Concurrently, the company is waiting for provincial approval.

 

Salmon Arm, BC the council hearing for approval should be in the next 60 days. In addition to council approval Quantum1 will need a variance from policy as Salmon Arm has a 4 store maximum allowance. Quantum1 is applicant #5. Concurrently, the company is waiting for provincial approval.

 

North Vancouver, BC This location is top of the waiting list. Currently the city allows only 1 store in Quantum1’s zone. Quantum1 is applicant #2. Effectively Quantum1 is on a waiting list with success depending on A) applicant #1 not getting approval or; B) the city allowing a second store in Quantum1’s zone. Both A and B are possibilities. Concurrently, the company is waiting for provincial approval.

   

About Quantum1 Cannabis Corp.

Quantum1 (www.quantum1cannabis.com) is a wholly owned subsidiary of Quizam Media a publically traded company on the CSE (symbol: QQ).

 

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.

   ------------------------------------------------------------ |CSE Trading Symbol:QQ |Telephone: (604) 683-0020| |----------------------------------------------------------| |Email:[email protected] |Facsimile: | |Website:www.quantum1cannabis.com|(604) | |  |683-0045 | | |  | |----------------------------------------------------------| |  |  | ------------------------------------------------------------

Suite 650, 609 Granville Street, PO Box 10381 Vancouver, BC, V7Y 1G6

 

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