July 8th, 2019 - TheNewswire - Vancouver, BC - Quizam Media Corporation ("the Company") (CNSX:QQ.CN) is pleased to provide an update on the progress for its BC Cannabis Retail Locations and its management contract in California. Please refer to www.quantum1cannabis.com for more details about the site locations. The current status is as follows:
BC Retail Sites Update:
On April 16th, 2019 the company provided an update on its 7 Cannabis Retail applications. That update continues to hold true as The Company is still waiting for "Provincial Security Screening". It is taking a very long time (several months) for the Province to complete its screening process. The Company has no control over this waiting period. However, The Company is pleased to note 2 recent positive updates as follows:
Creston Site Rezoning Approved - As of July 2019 re-zoning has been successful. The company has now applied for a City Cannabis business license. Once that is processed Creston will send approval to the Province. At that point Creston will be in the same Provincial waiting Queue.
Vancouver, BC New Site - The Company has identified and secured a site which meets all of Vancouver's zoning and distancing bylaws. A development permit application has been submitted pending processing for the next 6 - 8 weeks.
California Cultivation Consulting Update:
On March 25th, 2019 the Company announced a deal with Gypsy Canyon Enterprise LLC for Cultivation consulting in California. That deal is continuing as planned. The Company has billed and collected more than $175,000 in management fees since April 2019. The deal continues and is in good standing and the Company expects revenues and bonuses to increase as planned.
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.