The online platform will be integrated with Choom's retail stores and capable of scaling to $500M+ annually.
Choom has a robust retail footprint in the works, having secured the rights to 54 retail opportunities across Western Canada, rapidly expanding their commercial footprint in highly strategic locations. This includes a total of 46 applications submitted in Western Canada with 10 stores under construction and an additional 17 stores having completed their build out. In all cases, the retail opportunities are subject to all the necessary provincial and municipal governmental approvals.
It's likely that Choom's new e-commerce platform was designed to scale up to service the corporate and retail cannabis industry in Canada, where applicable.
They also just entered into an LOI with an Ontario Lottery Applicant.
With a new e-commerce platform that will integrate into their retail stores, Choom has positioned itself as a leader in the Canadian Cannabis Retail space.
READ RELEASE BELOW:
Choom™ (CSE: CHOO; OTCQB: CHOOF), a Canadian cannabis retail company, is pleased to announce the completion of its e-commerce platform.
Choom, through a licensed enterprise-level platform, has completed the buildout of a top tier e-commerce retail solution. This online storefront will provide a customized shopping experience that's integrated with Choom’s retail stores and capable of scaling to $500M+ annually. Choom has ensured the platform’s flexibility to compliantly handle both B2C and B2B sales to service and sell to any type of buyer in the cannabis industry.
Chris Bogart, President & CEO, states, “For the last 6 months we have been building out our e-commerce capabilities in parallel with our brick and mortar footprint. As part of building a cannabis brand presence across the country, we want to ensure Choom is positioned to reach all consumers through all available retail channels. We’ve invested strategically in our e-commerce capabilities and look forward to providing an industry leading online storefront for consumers to connect with our brand”.
SAY HELLO TO CHOOM™
Choom™ is an emerging adult use cannabis company whose mission is to establish one of the largest retail networks in Canada. The Choom brand is inspired by Hawaii's “Choom Gang”—a group of buddies in Honolulu during the 1970's who loved to smoke weed—or as the locals called it, “Choom”. Evoking the spirit of the original Choom Gang, our brand caters to the Canadian adult use market with the ethos of ‘cultivating good times’. Choom™ is focused on delivering an elevated customer experience through our curated retail environments, offering a diversity of brands for Canadians across a national retail network.
“Chris Bogart”
President & CEO
Contact: Choom Holdings Inc.
Chris Bogart
President & CEO
T: 604.683.2509
F: 604.683.2506
E: chris@choom.ca
Alex Porporo
Investor Relations
T: 604.683.2509 Ext. 231
F: 604.683.2506
E: alex@choom.ca
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