Choom Secures BC Retail Cannabis AIP License for Olympic Village Vancouver store

Vancouver, British Columbia, April 30, 2020 (GLOBE NEWSWIRE) -- Choom™ (CSE: CHOO; OTCQB: CHOOF), an elevated cannabis company, who has one of the largest national retail networks in Canada, is thrilled to announce that it has received the Approved In Principle (AIP) retail cannabis licensing for its Olympic Village location in Vancouver, BC.

Corey Gillon, CEO states, “Choom is extremely proud to have secured an AIP retail cannabis license through the BC Liquor & Cannabis Regulation Branch (BCLCR), Ministry of Attorney General. This is a big milestone for Choom in its expansion into the Province. We will be operating in three provinces as of mid-May and have further plans to open additional stores in Metro Vancouver over the next few months. During this very challenging time for the global economy, Choom is appreciative of the opportunity to provide a safe and elevated retail experience for Vancouver clients.”

This follows the company’s recent acquisition of its flagship location in Niagara Falls, Ontario.

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About Choom™:

Choom™ is a fast-expanding retail cannabis company who has established one of the largest store 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 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. 

Corey Gillon
Chief Executive Officer

Cautionary Statement:

THE CANADIAN SECURITIES EXCHANGE, NOR ITS REGULATIONS SERVICES PROVIDER, HAS NOT REVIEWED OR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking information

This news release contains forward-looking information relating to the Company's proposed activities and other statements that are not historical facts. Forward-looking information relates to management's future outlook and anticipated events or results and include statements or information regarding the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with or arising as a result of delays in obtaining or an inability to obtain required regulatory approvals, access to sufficient quantities of cannabis, the results of diligence investigations, the actions of third parties, the results of negotiations with third parties, developments in the cannabis sector, the ability to access sufficient capital from internal and external sources, 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 those made with the CSE and applicable Canadian securities regulators. There can be no assurance that such forward looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.