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, (2 acquired, 2 under offer), aiming for approval prior to the upcoming summer 2018 legalization date.
Choom developed their branding and messaging with the recreational market in mind, and recently rolled out a retail strategy to vertically integrate their business to take advantage of this burgeoning and potentially lucrative market.
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.
CURRENT OUTSTANDING: 178,747,288
FULLY DILUTED: 192,038,438
HIGHLIGHTS FROM INVESTOR PRESENTATION
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. Our 5,000 sq.ft. Sooke, BC location is expected to receive its cultivation license from Health Canada within the next several weeks.
Facility and Capacity
Choom has an estimated Phase 1 cannabis production of 37,300 sq.ft that will be capable of producing approximately 3,700 kgs of dried cannabis per annum. Phase 2 cannabis production with all four ACMPR licenses has an estimated 68,200 sq.ft. of cultivation that will be capable of producing an estimated ~7,000 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 LOI, 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 July, 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 Holdings Inc. continues to grow its cannabis retail network by announcing today that they are making an equity investment in a New Jersey Cannabis Retailer. New Jersey is home to over 9 million people currently being served by only 12 cannabis operators in its medical program.
Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) provides an update on its strategic investment in Choom Holdings Inc. (CSE: CHOO), an emerging consumer cannabis company that has secured one of the largest retail networks in Canada.
Choom (OTCQB:CHOOF; CSE:CHOO) closes retail deal in $1B Alberta Market. A major expansion to Its cannabis retail network. Choom acquires Clarity Cannabis MD Holdings and Clarity’s entire retail network of licensed cannabis retail store network.
Choom™ (CSE: CHOO; OTCQB: CHOOF) announced that they have completed their proprietary cannabis e-commerce platform.
Infographic on the State of Canadian Cannabis Retail, and the impact of government regulations
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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.