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™ (CSE: CHOO) (OTCQB: CHOOF), announces that it has secured a Development Permit for a retail location in Kitsilano, one of Vancouver's premier neighborhoods located in Vancouver, Canada.
Choom™ (CSE: CHOO; OTCQB: CHOOF) announces the completion of its acquisition of Clarity Cannabis’ retail cannabis stores licensed and operating in the Province of Alberta. All 10 locations are now within Choom’s corporate portfolio and licensed to Choom through the AGLC (“Alberta Gaming, Liquor & Cannabis”).
Choom™ (CSE: CHOO; OTCQB: CHOOF) announces the appointment of Corey Gillon as the company's new Chief Executive Officer effective Monday, December 1, 2019
Choom's new development permit for a Vancouver cannabis retail store is more than just another retail store opportunity.
Choom™ (CSE: CHOO; OTCQB: CHOOF), announces that an Alberta provincially approved cannabis retail licensee is opening a cannabis retail store in Westlock, Alberta operating under the Choom brand.
Choom™ (CSE: CHOO; OTCQB: CHOOF), announces that an Alberta provincially approved cannabis retail licensee is opening a cannabis retail store in Drumheller, Alberta operating under the Choom brand.
Choom™ (CSE: CHOO;OTCQB: CHOOF), announces that an Alberta provincially approved cannabis retail licensee is opening a cannabis retail store in Brooks, Alberta operating under the Choom brand.
Even with 277 cannabis retail locations in Alberta, cannabis products continue to fly off the shelves.
Choom™ (CSE: CHOO; OTCQB: CHOOF) announces that an Alberta provincially approved cannabis retail licensee (“Licensee”) is opening a cannabis retail store in Cold Lake, Alberta operating under the Choom brand.