Choom is fast becoming a player to watch in the Canadian National Cannabis Retail space.
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
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.
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.
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.
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Choom™ (CSE: CHOO) (OTCQB: CHOOF) made a big deal today to strengthen their retail strategy by acquiring Clarity Cannabis Medical Centres.
Breaking down the $20 Million deal between Aurora (TSX | NYSE: ACB) and Choom (CSE: CHOO | OTC: CHOOF)
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.