Leading Cannabis Retailer Quizam Hit $6.9M In Revenue. Targets $10M In Revenue This Year + Potential Accretive Acquisitions

21:48
 
공유
 

Manage episode 349076090 series 3179537
Player FM과 저희 커뮤니티의 AGORACOM 콘텐츠는 모두 원 저작자에게 속하며 Player FM이 아닌 작가가 저작권을 갖습니다. 오디오는 해당 서버에서 직접 스트리밍 됩니다. 구독 버튼을 눌러 Player FM에서 업데이트 현황을 확인하세요. 혹은 다른 팟캐스트 앱에서 URL을 불러오세요.

Leading Cannabis Retailer Quizam Hit $6.9M In Revenue. Targets $10M In Revenue This Year + Potential Accretive Acquisitions In Weakened Industry.

Quizam Media (QQ: CSE) (QQQFF: OTC) is a leading licensed cannabis retailer with triple digit growth in Western Canada since inception. $QQ currently operates 4 major retail locations in B.C. and bucking the trend that has plagued almost all other cannabis companies by doing so both profitably and cash flow positive.

More than just lip service, here are some of the Company’s financial highlights:

REVENUES

  • Year end (May 31, 2022) $6.9M VS $4M (2021) + 72.5%
  • Q1 (Aug 31, 2022) 1.9M VS $1.6M (2021) + 19%Cash Flow Positive
    Current EBITA from Cannabis Division 21%
    Currently monthly profit approx. 150k
  • Projecting $10M This Fiscal Year
  • Currently operating 4 Cannabis Retail locations in BCNorth Vancouver, Vernon, Keremeos and Vancouver.

WITH $1.6M MARKET CAP - MANAGEMENT PUTTING ITS MONEY WHERE ITS MOUTH IS

Management is taking a page out of the Warren Buffet playbook by answering one very simple question … “Is your stock undervalued?”. Management’s answer is a resounding yes at just a $1.6M market cap today, so insiders can be seen buying meaningful amounts of stock … and plan to continue doing so in the future.

ROBUST CORPORATE TRAINING DIVISION - PRIME FOR SPINOUT IN THE FUTURE

If the story ended here, investors would have one heck of a robust cannabis company to consider investing in. But the story doesn’t end there.

Quizam’s corporate training subsidiary (On-Track Corporate Training) has grown from a grassroots computer training company to 3,000 B2B Customers representing 82,000 users of the platform. This translates into the #1 training provider for Microsoft 365, Adobe Creative Cloud and others.

The corporate training division delivered significant 6-figure revenues in the latest annual report and is set to grow even more with the launch of OntrackTV.com in October. But it’s fair to say that despite this success, investors are getting this division for free as it gets overshadowed by the highly successful cannabis division.

How does the company potentially plan to unlock value? Through a spinout of course but that isn’t in the cards just yet, which is great news for new $QQ investors.

Now sit back, relax and listen this powerful interview with CEO Russ Rossi

594 에피소드