We have consistently said that one of the next big trends for investors will be Retail Cannabis, and Choom has been very successful in building out their retail footprint in Canada and now the United States by executing a strong, strategic retail strategy.
In the past few months they have:
- Entered the U.S. market with an LOI with a New Jersey Cannabis Retailer
- Expanded their presence in the U.S. with a deal in Florida
- Solidified and expanded their Canadian retail footprint:
- British Columbia
- 8 Opportunities
- Alberta
- 30 total stores
- 3 Open Stores
- 9 Stores fully built-out and waiting for Approval
- In addition to the three licensed cannabis retail stores, the acquisition includes:
- All 30 leases secured and applications submitted to the AGLC by Clarity.
- 11 development permits awaiting construction
- Ontario:
- British Columbia
- Backing from Aurora Cannabis (NYSE & TSX: ACB) including a $27 Million Investment
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