INVESTOR PROFILE
Company:
Choom™
Symbol:
CSE: CHOO | OTC: CHOOF
Country:
Canada
Sector:
Legal Recreational Marijuana
Industry:
Growing/Production and Retail
Established:
2017
Website:
Recent
Price
$0.92
52-Week
Range
$0.15-$1.13
Avg. Daily
Volume
305,292
Shares
Outstanding
70M
Market
Cap
$64.31M
Float

Current Outstanding:
178,747,288
Warrants:
6,981,150
Options:
6,310,000
Fully Diluted:
192,038,438
CHOOM™ (CSE: CHOO | OTC: CHOOF) currently holds 4 Late Stage ACMPR Applications in Late Stage Review, (3 acquired, 1 under offer), and has secured the rights of up to 52 retail opportunities across western Canada. Aurora Cannabis (ACB) invested $20 Million in November 2018 to augment their $7 Million investment in June 2018
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Company Brief

CHOOM™ (CSE: CHOO | OTC: CHOOF) is a vertically integrated Canadian Marijuana brand focused solely on the production and retail distribution of marijuana products for the legal Canadian recreational market.

Choom currently holds 4 Late Stage ACMPR Applications in Late Stage Review, (3 acquired, 1 under offer).

Choom developed their branding and messaging with the recreational market in mind, and has a strong retail strategy to vertically integrate their business to take advantage of this burgeoning and potentially lucrative market, including licenses for up to 52 retail opportunities in Western Canada.

Choom is included in Horizons Marijuana Life Sciences ETF (HMMJ: TSX)

Choom was added to the CSE 25 Index

Choom received one Cultivation License Approval

Aurora Cannabis invested $20 Million into Choom Nov/18 

 

Fully Integrated Operations; seed to sale for the recreational market offers an opportunity to build a high margin, premium recreational cannabis company.

Develop & acquire licensed ACMPR production assets positions them to scale-up rapidly to meet the anticipated demand in the Canadian recreation market.

Develop & acquire retail opportunities to help expand rapidly to meet the anticipated demands of the retail market.

Develop & acquire products and brands designed and created for the Canadian recreation consumer.
Aurora Invested $20 Million in November 2018

Aurora Invested $7m in June 2018

3 ACMPR’s acquired, 1 under definitive agreement
47,700 sq.ft. Phases 1 & 2

One Cultivation License Approval already received

Documented brand history, inspired by Hawaii’s 1970’s Choom Gang

52 Retail opportunities in place.

Expansion potential on 5 acres in BC to add a 700,000 sq.ft. facility, 120 Acres in Saskatchewan.
Highlights

Choom™ ACMPR Applicants
Choom has acquired three ACMPR applicants and has agreements in place to acquire one additional ACMPR applicants. The organization is focused on achieving licenses to produce and sell high-grade handcrafted cannabis in Canada in each location. Three of our applicants are located in British Columbia and one in Saskatchewan. 

Facility and Capacity
Choom has an estimated Phase 1 cannabis production of 21,300 sq.ft that will be capable of producing approximately 1,950 kgs of dried cannabis per annum. Phase 2 cannabis production with all four ACMPR licenses has an estimated 47,700 sq.ft. of cultivation that will be capable of producing an estimated ~4,500 kgs of dried cannabis per annum.

ACMPR Growth
Choom has expansion potential in Sooke, BC to add a up to ~700,000 sq.ft., in a three story indoor and greenhouse production facility, located beside our other facilities in Sooke. Our latest ACMPR under definitive, High Way 10 is in Saskatchewan on a 120-acre parcel of land providing ample room for future expansion.

Cultivating Experience
Founded on the Choom principle of good times and good friends, the plan is to curate the right products and experiences for the cannabis consumer.

Documented Brand History
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.

Recreational Market Potential
Choom was created to cultivate naturally grown cannabis for the Canadian adult market. Canada’s scheduled legalization of recreational cannabis use in October, 2018 and the market is estimated to be $4.9B to $8.7B, and up to 8x medical consumption.

Choom Retail Program
Choom is going to develop a chain of branded cannabis stores in Canadian Provinces where recreational cannabis is legalized for retail. To help curate the Choom experience, we hired the design team responsible for some of the most recognized retail environments in Canada. Say hello to good vibes in our Choom Retail Stores.

CHOOM™ (CSE: CHOO | OTC: CHOOF) is a Canadian Recreational Marijuana brand perfectly positioned for the impending recreational market. Choom was purposely built for the rec market. What sets them apart is strong branding and execution, the ability to produce and expand production, and a vertically integrated retail strategy.
 

In The News
article 1 image
Who is the Choom Gang?
In The News frontline Who is the Choom Gang? “The Choom Gang was a bunch...[of guys], who were out to explore the world, to make it an adventure, to make it fun, to make it funny, and just generally become a family on our own. I mean, the Choom Gang became more of a family to me more than my own family...” READ MORE
article 2 image
The Choom Gang: President Obama’s pot-smoking high school days detailed in Maraniss’ book
“In fact,” Maraniss writes, “most members of the Choom Gang were decent students and athletes who went on to be successful and productive lawyers, writers and businessmen.” READ MORE
article 3 image
Visits With School Pals Are a Touchstone on President’s Trips to Hawaii
Mr. Obama has remained remarkably close to a trio he met as a teenager at Honolulu’s prestigious Punahou School (...) like so many other young islanders in the 1970s, smoked pot, the “choom” of that long-ago nickname. READ MORE
Related Articles

Aurora Cannabis (NYSE | TSX: ACB) Increases Cornerstone Investment in Cannabis Retailer Choom (CSE: CHOO | OTC: CHOOF) with Additional $20 Million

Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and Choom Holdings Inc. (CSE: CHOO; OTCQB: CHOOF) an emerging adult use cannabis company that has secured one of the largest retail networks in Canada, are pleased to announce that the companies have completed a non-brokered private placement of a debenture in the principal amount of $20,000,000 in Choom by Aurora, convertible into common shares of Choom at a conversion price of $1.25 per Common Share, with a four year maturity date. Aurora has also secured the right to acquire up to 40% of the Company at $2.75 per Common Share.