As we have said before, retail is the "hidden goldmine" in the next green gold rush, and Choom™ (CSE: CHOO; OTCQB: CHOOF) (CHOOM STOCK INVESTOR PROFILE) has quietly been building a stable of assets that can rival some of the big players in the space.
But they won't be flying under the radar for long with announcements like this one!
Read the full release below:
Choom™ (CSE: CHOO; OTCQB: CHOOF) an emerging, fully-integrated cannabis company, is pleased to announce that it has advanced the build-out of its cannabis retail store network.
Choom™ has applied to Saskatchewan Liquor and Gaming Authority ("SLGA") for cannabis retail permits in 32 Zones across the province. The SLGA has made 51 cannabis retail permits available in 32 zones through a Request for Proposal process and is expected to award the permits via lottery by June, 2018.
Additionally, Choom™ has secured the rights to 16 retail locations in Alberta and British Columbia, in all cases, subject to all necessary governmental approvals being granted. This number is excepted to grow over the coming months as the Company is currently negotiating additional leases with the intention of submitting applications for retail licenses.
“This is a significant step towards delivering the Choom™ experience of ‘good times with good friends’ for Canadians across the country,” states Choom’s president and CEO, Chris Bogart. "We have now established a footprint to position Choom™ as a leading private cannabis retailer in Western Canada. We will continue to pursue retail licensing opportunities across the country and remain committed to serving all Canadians in the coming consumer cannabis market. Choom’s vision of delivering an elevated customer experience through our curated retail environments, with the creation of modern, stylish storefronts is well underway."
RETAIL OVERVIEW
- Alberta
- 9 retail locations secured, and applications submitted
- Saskatchewan
- 32 applications submitted
- British Columbia
- 7 retail locations secured
SAY HELLO TO CHOOM™
Choom™ was created for and inspired by the Choom Gang; a group of buddies in Honolulu during the 1970’s who loved to smoke weed—or as the locals called it, “Choom”. Now, after four decades, Choom™ is bringing the spirit of Hawaii to Canada. Choom™ is 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.
We’re planting our flag in the rapidly growing legal cannabis industry in Canada with our own brand of high-grade handcrafted herb.
www.choom.ca
“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
F: 604.683.2506
E: alex@choom.ca
Chris Gagan
SVP Branding, Marketing
T: 604.683.2509
F: 604.683.2506
E: chrisg@choom.ca
READ ORIGINAL RELEASE
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