Choom™ Secures 12 Cannabis Retail Opportunities in Alberta and British Columbia

Choom™ Secures 12 Added Cannabis Retail Opportunities in Alberta and British Columbia

Choom™ (CSE: CHOO) (OTCQB: CHOOF) (the”Company” or”Choom”) an emerging, fully-integrated cannabis company, is pleased to announce that it has advanced its retail portfolio and the build-out of its cannabis retail store network in Alberta and British Columbia.

Choom has secured the rights to an additional 5 retail locations in Alberta and 7 in B.C.. These brand new opportunities that are retail bring Choom’s total potential up to 52 places throughout Canada. Choom’s rapidly expanding provincial existence today stands at 29 leases in highly tactical and secure places in Alberta with 28 applications submitted, in combination with 17 retail opportunities in B.C.

Choom™ is executing an aggressive expansion strategy to create a substantial retail brand and is dedicated to acquiring and developing retail stores as a priority. In all cases, the retail chances are subject to all necessary governmental and approvals being granted. This number is expected to grow over the coming months as the Company and the intent of submitting applications are currently negotiating leases.  This link will bring you to our retail chance map: https://investors.choom.ca/wp-content/uploads/2018/08/ChoomRetailMap.pdf

“We’re eager to continue our progress towards being a leading private cannabis retailer in Canada,” states President and CEO of Choom, Chris Bogart.  “In the burgeoning recreational sector, the consumer is going to not be easy to acquire, and therefore, a strong Choom™ retail presence is important to customer acquisitions and securing market share. Choom’s brand was created exclusively for the mature use market, and core to our worth is cultivating an experience for the consumer via way of retail supply.  We’re dedicated to pursuing retail opportunities throughout the nation and remain focused on cultivating’Good Times with Good Friends’.”

Additionally, Choom is very happy to report it has obtained Development Permits in 11 municipalities and is in the process of its retail store buildouts.

SAY HELLO TO CHOOMTM

The Choom brand is inspired by Hawaii’s”Choom Gang”- a bunch of buddies in Honolulu during the 1970’s who loved to smoke weed–or as the natives called it, choom.  Evoking the spirit of the first Choom Gang, our brand is synonymous with cultivating good times with good friends. We’re focused on providing an customer experience through high-grade handcrafted cannabis supply our retail environments, and a diversity of brands for the Canadian customer.

“Chris Bogart” 

President & CEO

Cautionary Record:

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.        

Forward-looking information                 

This news release contains forward-looking information related to the proposed activities and other statements that are not historical facts of the Company. Forward-looking information relates to management’s future outlook and anticipated events or results, and include statements or information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those there could be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties related to the outcomes of diligence investigations, developments in the cannabis sector, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external resources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings, including the organization’s Listing Statement, made with the applicable Canadian securities authorities. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers shouldn’t place undue reliance.

SOURCE Choom Holdings Inc..

Anthony Varrell is Managing Director of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

Published at Thu, 23 Aug 2018 12:02:26 +0000

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