Choom™ (CSE: CHOO) (OTCQB: CHOOF) Receives Cultivation License and Updates Retail Strategy for Canadian Legalization

Choom™ (CSE: CHOO) (OTCQB: CHOOF) Receives Cultivation License and Updates Retail Strategy for Canadian Legalization
Choom™ (CSE: CHOO) (OTCQB: CHOOF) Receives Cultivation License and Updates Retail Strategy for Canadian Legalization

Choom™ (CSE: CHOO) (OTCQB: CHOOF) (CHOOM STOCK INVESTOR PROFILE) is celebrating the official end of cannabis prohibition and the legalization of adult use by receiving a cultivation license from Health Canada and updating their extensive retail strategy. 

ACMPR License:
Choom had 4 ACMPR licenses in late review in total, and have now received their cultivation license for their wholly-owned subsidiary, Specialty Medijuana Products.

Retail Strategy:
Choom also announced an update to their retail strategy. They now sit at: 
  • 52 Retail Opportunities across Western Canada
  • Including 14 Development permits and 11 Building permits in Alberta alone
  • Exploring possible new opportunites in Ontario with their recently amended regulations on retail Cannabis stores
Now that recreational marijuana is fully legal in Canada, retail will be a hidden goldmine, and Choom appears to be taking all the right steps to capitalize, in addition to a brand new cultivation license. 

READ FULL RELEASE BELOW: 
 
Choom’s - Specialty Medijuana Products Inc. receives cultivation license from Health Canada.
 Prohibition is over in Canada!

Choom™ (CSE: CHOO) (OTCQB: CHOOF) an emerging adult use cannabis company is pleased to report on this historic date - the legalization of adult use cannabis in Canada and the end of prohibition - that its wholly-owned subsidiary, Specialty Medijuana Products Inc., has received a cultivation license from Health Canada.
 
October 17, 2018 will go down in Canadian history as the day cannabis was legalized for adult use from coast to coast, ending almost a century of prohibition. Choom is poised to become a major retail player in the adult use cannabis space, with stores scheduled to open across the country.
 
Choom has secured the rights to 52 retail opportunities across Western Canada and its rapidly expanding Alberta presence now stands at 29 in highly strategic and secure locations, with 14 Development permits and 11 building permits received from the various municipalities. With recently amended regulations in Ontario, Choom has deployed its real estate team throughout the province of Ontario to secure a significant cannabis retail footprint in Canada’s largest adult use market.
 
Choom™ is executing an aggressive expansion plan to create a significant retail storefront brand in the Canadian adult use market and is committed to developing and acquiring retail stores as a top priority. In all cases, the retail opportunities are subject to all necessary governmental and municipal approvals being granted. This number is expected to grow over the coming months as the Company is currently negotiating additional leases with the intention of submitting applications for retail licenses. 
 
Chris Bogart, CEO of Choom Holdings Inc, comments: “Now that legalization is finally here, we are continuing to aggressively roll out our retail strategy. We see a massive opportunity in the retail market, and our goal is to build Choom into an iconic Canadian retail storefront brand. This officially marks opening day in the adult use cannabis market in Canada, and we look forward to the day when Choom is synonymous with good times with good friends from coast to coast.”
 
Choom™ is inspired by Hawaii’s famous “Choom Gang”- a group of buddies in Honolulu during the 1970’s who loved to smoke weed— or as they called it, choom. Now, that same sweet, sticky sinsemilla that brought the Choom Gang together for good times is inspiring the next generation of the choom gang- right here in Canada.
 
Choom™ is all about good times with good friends. At every Choom™ retail location, you'll be sure to find top shelf pakalolo, sourced from Health Canada approved Licensed Producers, curated to cater to a wide range of users- from the cannabis curious to the seasoned consumer.
 
For further details on our retail strategy, please visit https://choom.ca/prohibitionisover

 
SAY HELLO TO CHOOM™
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 is synonymous with cultivating good times with good friends. We are focused on delivering an elevated customer experience through our curated retail environments, high-grade handcrafted cannabis supply, and a diversity of brands for the Canadian recreational consumer.
 
“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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