Quizam signs MOU with Major Cannabis Dispensary Chain “Weeds Glass and Gifts”
October 15 2018 - 9:15AM
Quizam Media Corporation (“the Company”) (CSE: QQ)
is pleased to announce that it has signed a Memorandum of
Understanding (MOU) with Weeds Glass and Gifts
(www.weedsgg.ca) to open Cannabis Dispensaries in Canada and
other countries when and where it becomes legal. The key terms of
the agreement include, but are not limited to:
- Exclusive use of the trademarked names “Weeds” and “Mary
Jane”
- The Goodwill, Knowhow and Systems of the existing business
- The acquisition of the online business
- The First Right of Refusal to purchase any of the existing
Dispensaries in their Chain when they are granted a license.
- The ongoing long term consultancy of key management from
WeedsG&G.
This agreement will place Quizam on the Cannabis forefront as it
plans to open a minimum of 100 stores within 2 years.
President and CEO of Quizam Media, Russ Rossi, commented, “This
is a great new revenue division for Quizam. We are already
producing online Cannabis Education videos. This is a natural
expansion for that profit centre. Mr. Briere has a proven track
record of growth and profitability in the industry.” 100% Owner,
Founder and CEO of Weeds G&G, Donny Briere, commented,
“We are very excited about partnering with Quizam to expand our
operation nationally and globally. This month Cannabis becomes
legal in Canada. We feel this trend will continue to other
countries
worldwide.”
About Quizam Media Corp.Quizam Entertainment is
a division of Quizam Media. Quizam Entertainment is a producer,
aggregator, marketer and broadcaster of movie entertainment and
Online Learning (ontracktv.com).
About Weeds Gift and Glass.WeedG&G
currently operates 15 Cannabis Retail Platforms across Canada. They
have over 200 employees and have been consistently profitable.
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.
TSX.V Trading Symbol: QQ |
Telephone: (604) 683-0020 |
www.quizammedia.com |
Facsimile: (604) 683-0646 |
Email: ir@quizammedia.com
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