Choom™ (CSE: CHOO; OTCQB: CHOOF), takes a look ahead at the forecast for the legal recreational industry, and gives the weather forecast for 4/20:
Blue skies ahead. With a hint of green.
Choom’s CEO Chris Bogart comments:
“Expected legalization this summer is just around the corner, and while some might think they have seen the crest of cannabis wave that has been building for years, Choom recognizes that we’ve just started paddling into a wave that will only build momentum once legalization is in place. In every major market, Colorado, Washington, California, we’ve seen adult-use grow year over year by double digits. Choom sees the same growth potential in a legal adult-use market for Canada as just the beginning.”
UPDATE: THE START OF A GREEN SWELL
Choom™ was created specifically for the Canadian recreational market, with a strategy that emphasizes supply and distribution.
Supply and Distribution
- Choom will produce a steady supply of cannabis for the anticipated massive demand through the acquisition of 4 ACMPR licenses, all in the late stages of the approval process.
- Choom will vertically integrate production with a distribution network of branded retail stores.
- 4 ACMPR licenses in late stage review:
- 1 acquired, 3 under offer
- 68,000 sq. ft. in growing facilities:
- Phases 1 and 2
- The 10,000 sq. ft. facility in Sooke, BC expected to receive cultivation license from Health Canada in April 2018
- Full branded retail store and Provincial licensing strategies in place
- 48+ retail applications in process
- Documented brand history, inspired by Hawaii’s 1970’s Choom Gang
- Outstanding consumer experience in focused retail environments
Strategic partnership and capitalization
- ABcann Global invested $4 million in Choom™ in March 2018, along with a strategic supply agreement executed upon investment.
- Expansion potential on 5 acres in BC to add a 700,000 square foot facility
- 120 Acres in Saskatchewan for future facilities expansion
Our long term forecast? Looks like endless summer to us. Join us as we cultivate some good times 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 on Choom™ please visit:
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