Mr. Russ Rossi reports

QUIZAM ANNOUNCES RECORD CANNABIS REVENUE WITH THIRD QUARTER UP 672% AND GROSS PROFIT UP 463%

Quizam Media Corp. had record third quarter results for the period ending Feb. 28, 2021.

Q3 revenue in 2021, compared with the same quarter last year, has increased by 672 per cent from $169,242 to $1,305,939.

Q3 gross profit, compared with the same quarter last year, increased 463 per cent from $124,495 to $576,544.

Q3 financial highlights:

• Q3 2021 revenue of $1,305,939, an increase of $1,136,697 and 672 per cent over Q3 2020 revenue of $169,242;
• Q3 2021 cannabis retail gross profit, grown from $24,221 to $463,366 (margin of 39 per cent);
• Q3 2021 general and administrative of $265,000 or 20 per cent of revenue, versus $85,000 or 50 per cent of revenue Q3 2020;
• Q3 2021 wages and contractors of $219,000 or 17 per cent of revenue, versus $86,000 or 94 per cent of revenue Q3 2020.

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 chief executive officer 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:

• Customer traffic: high month-over-month sales growth coming from the company's flagship store in North Vancouver;
• Farm fresh: improving demand for specialized cottage-grown sativa and indica products;
• Expertise: continued training and hiring of best of breed staff and management to cater to consumer inquiries and needs;
• Technology: expanded in-house technology for management of human resources, inventory and regulatory requirements.

"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 Mr. Rossi. "We see great opportunities in one of the fastest-growing sectors in North America."

About Quizam Media Corp. and Quantum1 Cannabis Corp.

Growing together

Quizam Media and its cannabis retail chain, Quantum 1, were born from the desire to cultivate great energy and interactions with communities. Quizam Media's retail stores bring together good vibes and good people, aiming to forge connections to cannabis in meaningful ways. Quizam Media considers every product, every service offering in its stores as forms of energy that can heighten its own energies and in turn its collective world. That is why everything Quizam Media serves is set to the highest standards.

Quantum1 is a wholly owned subsidiary of Quizam Media, a publicly traded company.

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