Dear Seed Investor,
Our #1 stock pick for 2018, Choom™ (CSE: CHOO) (OTCQB: CHOOF) has been making some major waves in the past week, and investors who took our advice in the early stages are reaping the rewards.
In the past week, Choom has:
- Announced and closed a $10.1 Million placement, with Aurora Cannabis as the lead investor with a $7 Million investment
- Announced the closing of their acquisition of Specialty Medijuana Products, a late stage ACMPR applicant expected to get their cultivation license this summer
- Announced today an additional 10 retail opportunities between BC and Alberta, bringing their total retail opportunities to 24 in Alberta and 10 in BC
- Seen their stock hit all time highs on both price and volume
All in all we would say that is a pretty successful week. It definitely looks like there is blue skies ahead for Choom.
READ 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 in Alberta and British Columbia.
Choom™ has secured the rights to an additional 7 retail locations in Alberta. Choom has 25 leases in highly strategic and secure locations in Alberta with 24 applications submitted. Choom has also secured 3 additional B.C retail leases, combined with the existing 7, for a total of 10 retail opportunities in B.C. 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. The following link will bring you to our retail opportunity map:
https://investors.choom.ca/wp-content/uploads/2017/11/ChoomRetailMap.pdf
“This is a significant step towards establishing Choom’s strategy to be a leading private cannabis retailer in Canada,” states Choom’s President and CEO, Chris Bogart. "Market share and customer acquisition in the upcoming recreational landscape will be very difficult to come by, these applications are key to Choom’s retail strategy. Choom’s brand was created exclusively for the recreational market, core to our values is cultivating a great experience for the consumer and part of this strategy is retail distribution. We are committed to pursuing retail licensing opportunities across the country and remain focused on cultivating ‘Good Time with Good Friends’.”
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. For additional information please visit us at: 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
SOURCE
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