Choom Hldgs Inc.

(OTCQB:CHOOF) (CSE:CHOO.CN)

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Choom Signs LOI to Enter US Market Through Investment in New Jersey Cannabis Retailer

Vancouver, BC – March 12, 2019 – Choom™ (CSE: CHOO) (OTCQB: CHOOF) (“Choom”), an emerging adult and medical use cannabis company that has secured one of the largest national retail networks in Canada, is pleased to announce it is entering the United States, starting with the state of New Jersey.  Choom through its wholly owned US subsidiary, Choom Holdings USA Inc., has signed a letter of intent (“LOI”) to purchase an equity interest in a New Jersey based (the “NJ Company”) medical retail dispensary applicant in New Jersey’s upcoming Request of Applications (“RFA”) that also intends to enter into recreational cannabis retail upon legalization, which is anticipated in 2020.

 

The NJ Company is advancing on its retail store strategy in New Jersey with the intention of receiving licenses to operate the maximum allowable cannabis stores for medical and eventually adult use when formally approved by the State.  With these licenses, the NJ Company intends to create a network of branded stores using Choom’s medical brand, Clarity Medical Centres, or Choom (“Choom Brands”) for its recreational retail stores in the future.  Choom will assist the NJ Company in this highly regulated market for the buildout and operations of cannabis retail stores.  Choom will receive a royalty from the NJ Company for the use of the Choom Brands.  Choom’s investment in the NJ Company includes pro rata rights to maintain its equity interest on future financings.

 

“This is our first step into the United States, and we are very excited for our partnership with this experienced group to have the Choom Brands in New Jersey.” states Chris Bogart, President & CEO of Choom Holdings Inc.  “New Jersey is home to over 9 million people currently being served by only 12 cannabis operators in its medical program. New Jersey is an exceptional market to expand the Choom Brands.  We are very impressed with the progress they have achieved to date, and with our expertise in cannabis retail, we are confident we can help them successfully operate in the New Jersey market.”

 

The terms are not material.

 

Say hello to ChoomTM

Choom™ is an emerging adult use cannabis company that has secured one of the largest retail networks in Canada. 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”. Evoking the spirit of the original Choom Gang, our brand caters to the Canadian adult use market with the ethos of cultivating ‘Good Times with Good Friends’. Choom™ is focused on delivering an elevated customer experience through our curated retail environments, offering a diversity of brands for Canadians across a national retail network.

“Chris Bogart”

President & CEO

 

Contact: Choom Holdings Inc.

 

Chris Bogart

President & CEO

T: 604.683.2509

F: 604.683.2506

E: chris@choom.ca

 

Alex Porporo

Investor Relations

T: 604.683.2509 Ext. 231

F: 604.683.2506

E: alex@choom.ca

 

Cautionary Statement:

 

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

Forward-looking information
This news release contains forward-looking information relating to the Company’s proposed activities and other statements that are not historical facts. Forward-looking information relates to management’s future outlook and anticipated events or results, and include statements or information regarding the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with regulatory approvals, changes in state or US federal laws and policies governing medical or adult use cannabis sectors, the results of diligence investigations, developments in the cannabis sector, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings, including the Company’s Listing Statement, made with the applicable Canadian securities regulators. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.

 

Source:  Choom Holdings Inc.

Choom Signs Definitive Agreement to Acquire Clarity Cannabis Retail Stores in Alberta

Vancouver, BC – February 27, 2019 – Choom™ (CSE: CHOO) (OTCQB: CHOOF) (the “Company” or “Choom”) an emerging adult use cannabis company that has secured one of the largest national retail networks in Canada, is pleased to announce has entered a definitive agreement (“Purchase Agreement”) with Clarity Cannabis MD Holdings (“Clarity”) and its shareholders, to acquire 30 retail locations, three of which are licensed with the Alberta Gaming, Liquor & Cannabis Commission (“AGLC”). Clarity has successfully progressed through AGLC licensing and is operating the following three stores in the legal adult use cannabis market in Alberta and is awaiting licences for the following seven cannabis retail stores.

 

CANNABIS RETAIL STORES OPENED

High River, AB

Cold Lake, AB

Red Deer, AB

 

CANNABIS RETAIL STORES COMPLETED

Cold Lake #2, AB – awaiting licensing

Lloydminster, AB – awaiting licensing

Drumheller, AB – awaiting licensing

Brooks, AB – awaiting licensing

Medicine Hat, AB – awaiting licensing

Westlock, AB – awaiting licensing

Camrose, AB – awaiting licensing

Camrose #2, AB – awaiting licensing

Lethbridge, AB – awaiting licensing

 

In addition to the three licensed cannabis retail stores, the acquisition includes all 30 leases secured and applications submitted to the AGLC by Clarity.  Clarity currently has 11 development permits awaiting construction, with 6 stores to commence construction, and 9 stores completed construction.

 

Choom expects the licenses for the remaining completed stores to be granted soon after the AGLC starts to grant additional retail licenses.  Upon approval from the AGLC, all of the Clarity retail stores and retail opportunities will be re-branded under the “Choom Cannabis Co.” name.  The completion of the acquisitions of the retail stores and retail opportunities will be dependent on the timing of the receipt of all necessary provincial and municipal approvals.  The Purchase Agreement has been structured to permit Choom to acquire Clarity itself or all of the thirty retail stores and retail opportunities on a location-by-location basis, to provide flexibility to obtain timely receipt of necessary provincial and municipal approvals on a location-by-location basis or through the acquisition of Clarity itself.

 

“We are thrilled to welcome Clarity into the Choom brands portfolio through this acquisition,” states Chris Bogart, President & CEO of Choom.  “Clarity has been successfully operating in Alberta since December and has submitted applications across the province. This transaction gives us a strong foothold in the Alberta retail landscape.  Moving forward we will be working diligently to maximize our retail footprint Canada wide, and this transaction helps us to achieve that goal.”

 

Purchase Terms

 

Pursuant to the Purchase Agreement, among other things, Choom will pay $2,000,000 to the principal shareholder of Clarity (the “Principal”) and issue 6,000,000 Choom Shares to all of the shareholders of Clarity, subject to escrow release over two years;  pay $500,000 to the Principal and issue 2,500,000 Choom Shares to all of the shareholders of Clarity, subject to escrow release over two years, once Choom acquires Clarity or acquires one of the Clarity retail stores; and issue 2,500,000 Choom Shares to all of the shareholders of Clarity, subject to escrow release over two years, once the AGLC approves Choom to either acquire one of the Clarity retail stores or to operate any cannabis retail store in Alberta.

 

Choom will issue 8,867,000 Choom Shares and pay $2.5 million to the Principal in connection with the acquisition.  As the Principal is also a director of Choom, the acquisition constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 (“MI 61-101”), however, the transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the consideration and the transaction will not exceed 25% of the Company’s market capitalization.  A material change report in relation to this transaction will be filed less than 21 days before the issue of the majority of the Choom Shares and cash consideration in accordance with the terms of the Purchase Agreement but at least 21 days prior to closing.

 

SAY HELLO TO CHOOMTM

Choom™ is an emerging adult use cannabis company that has secured one of the largest retail networks in Canada. 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”. Evoking the spirit of the original Choom Gang, our brand caters to the Canadian adult use market with the ethos of cultivating ‘Good Times with Good Friends’. Choom™ is focused on delivering an elevated customer experience through our curated retail environments, offering a diversity of brands for Canadians across a national retail network.

 

“Chris Bogart”

President & CEO

Contact: Choom Holdings Inc.

 

Chris Bogart

President & CEO

T: 604.683.2509

F: 604.683.2506

E: chris@choom.ca

 

Alex Porporo

Investor Relations

T: 604.683.2509 Ext. 231

F: 604.683.2506

E: alex@choom.ca

 

Cautionary Statement:

 

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking information
This news release contains forward-looking information relating to the Company’s proposed activities and other statements that are not historical facts. Forward-looking information relates to management’s future outlook and anticipated events or results, and include statements or information regarding the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with the results of diligence investigations, developments in the cannabis sector, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings, including the Company’s Listing Statement, made with the applicable Canadian securities regulators. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.

 

Source:  Choom Holdings Inc.

 

Choom Enters into LOI with Cannabis Retail Store Applicant

Vancouver, BC – February 13, 2019 – Choom™ (CSE: CHOO; OTCQB: CHOOF) is pleased to announce that it has entered into a letter of intent agreement (“LOI”) with one of the 25 Cannabis Retail lottery winners to open a location in Ontario. Choom, an emerging adult use cannabis retailer, is building out one of the largest retail cannabis networks in Canada. The LOI is with a winner of one of the 25 retail opportunities to apply for a license to operate a cannabis retail store granted as a result of the Alcohol and Gaming Commission of Ontario’s (“AGCO”) Expression of Interest Application Lottery conducted on January 11, 2019.

 

“Being able to get an early start to establish Choom’s presence in the private retail market in Ontario through an agreement with a lottery winner is a remarkable milestone for Choom.  We are thrilled that the lottery winner chose Choom to help them successfully open and operate a retail cannabis store in Ontario.” stated Chris Bogart, President and CEO of Choom.  “With our branding and execution, consumers can expect a unique experience accompanied with knowledgeable staff, style, and sophistication reflected throughout the store design. Our goal is to ensure customers leave the store knowing more about what they’re purchasing and creating a high retention customer base.”

 

CHOOM’S NATIONAL RETAIL NETWORK

Choom is currently developing a network of retail stores which will feature a curated selection of products from various licensed producers with a strong focus on elevated customer experiences for the adult use market. Choom has secured the rights to 54 retail opportunities across Western Canada, rapidly expanding their commercial footprint in highly strategic locations. This includes a total of 46 applications submitted in Western Canada with 10 stores under construction and an additional 17 stores having completed their build out. In all cases, the retail opportunities are subject to all the necessary provincial and municipal governmental approvals.

 

SAY HELLO TO CHOOMTM

Choom™ is an emerging adult use cannabis company whose mission is to establish one of the largest retail networks in Canada. 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”. Evoking the spirit of the original Choom Gang, our brand caters to the Canadian adult use market with the ethos of ‘cultivating good times’. Choom™ is focused on delivering an elevated customer experience through our curated retail environments, offering a diversity of brands for Canadians across a national retail network.

“Chris Bogart”

President & CEO

 

Contact: Choom Holdings Inc.

 

Chris Bogart

President & CEO

T: 604.683.2509

F: 604.683.2506

E: chris@choom.ca

 

Alex Porporo

Investor Relations

T: 604.683.2509 Ext. 231

F: 604.683.2506

E: alex@choom.ca

 

 

Cautionary Statement:

 

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

Forward-looking information
This news release contains forward-looking information relating to the Company’s proposed activities and other statements that are not historical facts. Forward-looking information relates to management’s future outlook and anticipated events or results, and include statements or information regarding the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with or arising as a result of delays in obtaining or an inability to obtain required regulatory approvals, the results of diligence investigations, the results of negotiations with third parties, developments in the cannabis sector, the ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings, including the Company’s Listing Statement, made with the applicable Canadian securities regulators. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.

 

SOURCE:  Choom Holdings Inc.

Choom Strengthens Ontario Retail Leadership

Secures Multiple Ontario Retail Locations

 

Vancouver, BC – December 11, 2018 – Choom™ (CSE: CHOO) (OTCQB: CHOOF) (the “Company” or “Choom”) an emerging adult use cannabis company that has secured one of the largest national retail networks in Canada, is pleased to announce two executive additions to the recently-formed Ontario Retail Team: Lamar Hanna as Senior Vice President Retail, Ontario and David Schenk, Regional Operations Manager, Ontario.  Choom is also pleased to announce an update of its Ontario retail strategy in which 90 offers to lease are currently under negotiation, with 20 leases secured.

 

Chris Bogart, President & CEO states, “The private retail market in Ontario provides the greatest opportunity across Canada for cannabis retailers. This channel in Ontario is poised to be larger than all the other private cannabis retail channels in Canada combined. The additions of Dr. Hanna and Mr. Schenk will bolster the Choom team by bringing retail operations experience from the highly regulated retail pharmaceutical and cannabis clinic industries.  As we approach the opening of the Ontario application portal in December, securing locations, building stores, and developing a team remains our top priorities.  With their knowledge and best practices in the retail of controlled substances, Dr. Hanna and Mr. Schenk will greatly expedite Choom’s retail strategy in Ontario.”

 

Choom’s National Retail Network

Choom is currently developing a network of retail stores which will feature a curated selection of products from various licensed producers with a strong focus on elevated customer experiences for the adult use market. In Ontario, Choom currently has 90 offers to lease under negation with 20 leases secured in preparation for the application portal opening December 17, 2018.  Choom is on track to having the maximum allowable of 75 applications in Ontario and is rapidly working towards the April 2019 deadline when Ontario’s private retail channels are expected to come online.

 

Additionally, Choom has secured the rights to 68 retail opportunities across Western Canada, rapidly expanding their commercial footprint presence in highly strategic locations. This includes a total of 50 applications submitted, with 35 development permits received from the various municipalities. In Western Canada, 10 stores are currently under construction with an additional 7 stores having completed their build out.

 

Dr. Lamar Hanna

Dr. Hanna attended graduate school at Wayne State University where he received his Doctor of Pharmacy degree. Lamar was the sole recipient of the Natural Medicine Award in his graduating year, and has since continued to educate himself, implementing a unique array of natural health and wellness categories into traditional pharmacy operations.  Lamar owns and operates five retail pharmacies across Southwestern Ontario, where he has various supplementary programs such as travel immunization clinics, in-store Coumadin INR testing, cholesterol testing, an array of weight-loss programs and medical cannabis consulting services.

 

David Schenk

Mr. Schenk graduated from Wilfrid Laurier University with a Bachelor of Arts, double major in Economics and Psychology.  Mr. Schenk originally began his career working in the capital markets until 2014, where he was the CEO of Caribbean Earth Energy Renewables Inc.  In 2018, Mr. Schenk initiated The Clinic Network in Waterloo and acts as manager of Waterloo Medical Cannabis Clinic.  Mr. Schenk has quickly attained expertise in the execution of marketing strategies related to cannabis clinics, staff training and education, client education, as well as managing the day to day of clinic and staff operations.

 

SAY HELLO TO CHOOMTM

Choom™ is an emerging adult use cannabis company that has secured one of the largest retail networks in Canada. 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”. Evoking the spirit of the original Choom Gang, our brand caters to the Canadian adult use market with the ethos of cultivating ‘Good Times with Good Friends’. Choom™ is focused on delivering an elevated customer experience through our curated retail environments, offering a diversity of brands for Canadians across a national retail network.

“Chris Bogart”

President & CEO 

Contact: Choom Holdings Inc. 

Chris Bogart

President & CEO

T: 604.683.2509

F: 604.683.2506

E: chris@choom.ca 

Alex Porporo

Investor Relations

T: 604.683.2509 Ext. 231

F: 604.683.2506

E: alex@choom.ca

 

Cautionary Statement:

 

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

 

Forward-looking information                  
This news release contains forward-looking information relating to the Company’s proposed activities and other statements that are not historical facts. Forward-looking information relates to management’s future outlook and anticipated events or results, and include statements or information regarding the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with the results of diligence investigations, developments in the cannabis sector, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings, including the Company’s Listing Statement, made with the applicable Canadian securities regulators. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.

Choom Expands into Medical Cannabis Channel with the Acquisition of Clarity Cannabis Medical Centres

Vancouver, BC – November 20, 2018 – Choom™ (CSE: CHOO) (OTCQB: CHOOF) (the “Company” or “Choom”) an emerging adult use cannabis company that has secured one of the largest national retail networks in Canada, is pleased to announce it has acquired Clarity Cannabis Medical Centre Inc. and affiliates doing business as Clarity Medical Centres.

 

Chris Bogart, President & CEO states, “Our goal is to build a dominant national cannabis retail brand. The acquisition of Clarity Medical Centres allows Choom to service the entire Canadian cannabis market, beyond just the adult use channel. As cannabis becomes more widely accepted as an alternative to pharmaceuticals, increasingly, patients with medical conditions will require professional medical advice on the benefits and best use of cannabis as a treatment.”

 

The acquisition includes five new medical centres along with a proprietary telemedicine platform that provides important education, access and expertise for referring patients in the use of cannabis for medical purposes. The Clarity Medical Centres approach makes it simple for new patients to access legal medical cannabis products in Canada and streamlines the process of registering with a licensed producer.

 

There are medical conditions that may benefit from cannabis when it comes to treating several health issues including chronic pain, PTSD, seizures, tremors, and general anxiety. Clarity’s team of cannabis trained general and specialist physicians, nurses, pharmacists, and coaches all work together to ensure patients get optimal medical care. The clinics will provide education to patients on the best use of medical cannabis products as an alternative to pharmaceuticals.

 

Under the leadership of Dr. Jean Paul Lim, an internal medicine and complex care specialist, Clarity Medical Centres intend to study and monitor the effects of medicinal cannabis use. Clarity Medical Centres will use a patient-focused, research-based, multidisciplinary approach, from which Dr. Lim hopes to shatter cannabis misconceptions and build scientific evidence through the collection of patient data points around cannabis as an effective treatment.

 

As part of the transaction, Choom can access medical expertise from the clinics and leverage key learnings from the medical side to provide customer insights for our adult use channel. The Clarity medical clinic model is easily scalable and transferable across the rapidly growing medical cannabis space, both domestically and internationally adding an important retail revenue stream to Choom’s adult use strategy.

 

SAY HELLO TO CHOOMTM

Choom™ is an emerging adult use cannabis company that has secured one of the largest retail networks in Canada. 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”. Evoking the spirit of the original Choom Gang, our brand caters to the Canadian adult use market with the ethos of cultivating ‘Good Times with Good Friends’. Choom™ is focused on delivering an elevated customer experience through our curated retail environments, offering a diversity of brands for Canadians across a national retail network.

“Chris Bogart”

President & CEO

 

Contact: 

Vancouver, BC – November 20, 2018 – Choom™ (CSE: CHOO) (OTCQB: CHOOF) (the “Company” or “Choom”) an emerging adult use cannabis company that has secured one of the largest national retail networks in Canada, is pleased to announce it has acquired Clarity Cannabis Medical Centre Inc. and affiliates doing business as Clarity Medical Centres.

 

Chris Bogart, President & CEO states, “Our goal is to build a dominant national cannabis retail brand. The acquisition of Clarity Medical Centres allows Choom to service the entire Canadian cannabis market, beyond just the adult use channel. As cannabis becomes more widely accepted as an alternative to pharmaceuticals, increasingly, patients with medical conditions will require professional medical advice on the benefits and best use of cannabis as a treatment.”

 

The acquisition includes five new medical centres along with a proprietary telemedicine platform that provides important education, access and expertise for referring patients in the use of cannabis for medical purposes. The Clarity Medical Centres approach makes it simple for new patients to access legal medical cannabis products in Canada and streamlines the process of registering with a licensed producer.

 

There are medical conditions that may benefit from cannabis when it comes to treating several health issues including chronic pain, PTSD, seizures, tremors, and general anxiety. Clarity’s team of cannabis trained general and specialist physicians, nurses, pharmacists, and coaches all work together to ensure patients get optimal medical care. The clinics will provide education to patients on the best use of medical cannabis products as an alternative to pharmaceuticals.

 

Under the leadership of Dr. Jean Paul Lim, an internal medicine and complex care specialist, Clarity Medical Centres intend to study and monitor the effects of medicinal cannabis use. Clarity Medical Centres will use a patient-focused, research-based, multidisciplinary approach, from which Dr. Lim hopes to shatter cannabis misconceptions and build scientific evidence through the collection of patient data points around cannabis as an effective treatment.

 

As part of the transaction, Choom can access medical expertise from the clinics and leverage key learnings from the medical side to provide customer insights for our adult use channel. The Clarity medical clinic model is easily scalable and transferable across the rapidly growing medical cannabis space, both domestically and internationally adding an important retail revenue stream to Choom’s adult use strategy.

 

SAY HELLO TO CHOOMTM

Choom™ is an emerging adult use cannabis company that has secured one of the largest retail networks in Canada. 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”. Evoking the spirit of the original Choom Gang, our brand caters to the Canadian adult use market with the ethos of cultivating ‘Good Times with Good Friends’. Choom™ is focused on delivering an elevated customer experience through our curated retail environments, offering a diversity of brands for Canadians across a national retail network.

“Chris Bogart”

President & CEO

 

Contact: Choom Holdings Inc.

 

Chris Bogart

President & CEO

T: 604.683.2509

F: 604.683.2506

E: chris@choom.ca

 

Alex Porporo

Investor Relations

T: 604.683.2509 Ext. 231

F: 604.683.2506

E: alex@choom.ca

 

Cautionary Statement:

 

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

 

Forward-looking information                  
This news release contains forward-looking information relating to the Company’s proposed activities and other statements that are not historical facts. Forward-looking information relates to management’s future outlook and anticipated events or results, and include statements or information regarding the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with the results of diligence investigations, developments in the cannabis sector, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings, including the Company’s Listing Statement, made with the applicable Canadian securities regulators. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.

 

Source: Choom™

Choom’s - Specialty Medijuana Products Inc. receives cultivation license from Health Canada.  Prohibition is over in Canada!

Vancouver, BC – October 17, 2018 –Choom™ (CSE: CHOO) (OTCQB: CHOOF) (“Choom”) an emerging adult use cannabis company is pleased to report on this historic date – the legalization of adult use cannabis in Canada and the end of prohibition – that its wholly-owned subsidiary, Specialty Medijuana Products Inc., has received a cultivation license from Health Canada.

 

October 17, 2018 will go down in Canadian history as the day cannabis was legalized for adult use from coast to coast, ending almost a century of prohibition. Choom is poised to become a major retail player in the adult use cannabis space, with stores scheduled to open across the country.

 

Choom has secured the rights to 52 retail opportunities across Western Canada and its rapidly expanding Alberta presence now stands at 29 in highly strategic and secure locations, with 14 Development permits and 11 building permits received from the various municipalities. With recently amended regulations in Ontario, Choom has deployed its real estate team throughout the province of Ontario to secure a significant cannabis retail footprint in Canada’s largest adult use market.

 

Choom™ is executing an aggressive expansion plan to create a significant retail storefront brand in the Canadian adult use market and is committed to developing and acquiring retail stores as a top priority. In all cases, the retail opportunities are subject to all necessary governmental and municipal approvals being granted. This number is expected to grow over the coming months as the Company is currently negotiating additional leases with the intention of submitting applications for retail licenses.

 

Chris Bogart, CEO of Choom Holdings Inc, comments: “Now that legalization is finally here, we are continuing to aggressively roll out our retail strategy. We see a massive opportunity in the retail market, and our goal is to build Choom into an iconic Canadian retail storefront brand. This officially marks opening day in the adult use cannabis market in Canada, and we look forward to the day when Choom is synonymous with good times with good friends from coast to coast.”

 

Choom™ is inspired by Hawaii’s famous “Choom Gang”- a group of buddies in Honolulu during the 1970’s who loved to smoke weed— or as they called it, choom. Now, that same sweet, sticky sinsemilla that brought the Choom Gang together for good times is inspiring the next generation of the choom gang- right here in Canada.

 

Choom™ is all about good times with good friends. At every Choom™ retail location, you’ll be sure to find top shelf pakalolo, sourced from Health Canada approved Licensed Producers, curated to cater to a wide range of users- from the cannabis curious to the seasoned consumer.

 

For further details on our retail strategy, please visit https://choom.ca/prohibitionisover.

 

SAY HELLO TO CHOOMTM

 

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. Evoking the spirit of the original Choom Gang, our brand is synonymous with cultivating good times with good friends. We are 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.

 

“Chris Bogart”

President & CEO

 

Contact: Choom Holdings Inc.

 

Chris Bogart

President & CEO

T: 604.683.2509

F: 604.683.2506

E: chris@choom.ca

 

Alex Porporo

Investor Relations

T: 604.683.2509 Ext. 231

F: 604.683.2506

E: alex@choom.ca

 

Cautionary Statement:

 

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

Forward-looking information                  
This news release contains forward-looking information relating to the Company’s proposed activities and other statements that are not historical facts. Forward-looking information relates to management’s future outlook and anticipated events or results, and include statements or information regarding the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with the results of diligence investigations, developments in the cannabis sector, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings, including the Company’s Listing Statement, made with the applicable Canadian securities regulators. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.

 

Source:  Choom Holdings Inc

Choom™ Announces Cannabis Delivery Partner

VANCOUVER, Sept. 27, 2018 /PRNewswire/ – Choom™ (CSE: CHOO) (OTCQB: CHOOF) (“Choom”) an emerging, fully integrated cannabis company, is pleased to announce it has executed an agreement for cannabis distribution with ParcelPal Technology Inc. (“ParcelPal”) (CSE: PKG) (FSE: PT0) (OTC: PTNYF).

 

ParcelPal is a technology driven logistics company that connects consumers with local retailers to get their products delivered quickly and affordably. ParcelPal offers on-demand delivery of merchandise from leading retailers, restaurants, liquor stores and soon medical and recreational marijuana in major cities Canada-wide. Their technology handles the complete requirements of hyperlocal logistics by bringing the merchants and customers onto a single platform.

 

President and CEO Chris Bogart from Choom states, “We recognize the importance of utilizing the existing technology of ParcelPal’s mobile app in concert with their outstanding track record of home delivery execution. We believe this will provide an exceptional customer experience and we are excited to offer this to our valued customers upon the upcoming rollout of our retail strategy.”

 

The initiative will consist of:

 

  1. Distribution: ParcelPal and Choom will jointly develop the optimal roadmap for distribution of both mail order and same day delivery within various provinces for adult use cannabis.
  2. Accessibility: Using Choom’s and ParcelPal’s platform to enhance user experience and accessibility to products offered.
  3. Compliance: ParcelPal and Choom will ensure that all products will be delivered within the parameters established by all regulating bodies in Canada

 

President and CEO Kelly Abbott from ParcelPal states, “We are extremely pleased and excited to have this opportunity with Choom for national cannabis distribution.” Abbott continued “We are redefining the world of delivery by offering a socially responsible technology solution for the cannabis industry. Choom will be able to more effectively reach new customers, engage current customers, and have the competitive advantage of instant delivery.”

 

SAY HELLO TO CHOOMTM
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. Evoking the spirit of the original Choom Gang, our brand is synonymous with cultivating good times with good friends. We are 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.

 

“Chris Bogart”
President & CEO

 

Cautionary Statement:

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

 

Forward-looking information
This news release contains forward-looking information relating to the Company’s proposed activities and other statements that are not historical facts. Forward-looking information relates to management’s future outlook and anticipated events or results, and include statements or information regarding the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with the results of diligence investigations, developments in the cannabis sector, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings, including the Company’s Listing Statement, made with the applicable Canadian securities regulators. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.

 

SOURCE Choom Holdings Inc.

Choom™ Announces Inclusion to the Horizons Marijuana Life Sciences ETF

Horizons Marijuana Life Sciences ETF has $1.1B Invested in the Cannabis Sector

 

VANCOUVER, Sept. 25, 2018 /PRNewswire/ – Choom™ (CSE: CHOO) (OTCQB: CHOOF) (the “Company” or “Choom”) an emerging, fully-integrated cannabis company, today announced  that it has been added to the Horizons Marijuana Life Sciences ETF (HMMJ: TSX).

 

HMMJ is the world’s first and largest Exchange Traded Fund (ETF) offering direct exposure to North American publicly listed life sciences companies with significant business activities in the marijuana industry.

 

The ETF’s holdings can be viewed directly from its website at the link below:
https://www.horizonsetfs.com/horizons/media/ETFData/en-ca/HMMJ/HorizonsHMMJHoldings.xls

 

“Choom’s addition to the Horizons Marijuana Life Sciences ETF is recognition of our efforts to building a dominant branded cannabis company. The Choom brand was created exclusively to service the retail recreational market, ensuring curious customers and cannabis connoisseurs alike can ‘cultivate good times’,” said Chris Bogart, President and CEO of Choom. “Our inclusion in Horizons Marijuana Life Sciences ETF provides an excellent avenue for increased exposure to the investment community.”

 

SAY HELLO TO CHOOMTM
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. Evoking the spirit of the original Choom Gang, our brand is synonymous with cultivating good times with good friends. We are 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.

 

“Chris Bogart”
President & CEO

 

Cautionary Statement:

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking information
This news release contains forward-looking information relating to the Company’s proposed activities and other statements that are not historical facts. Forward-looking information relates to management’s future outlook and anticipated events or results, and include statements or information regarding the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with the results of diligence investigations, developments in the cannabis sector, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings, including the Company’s Listing Statement, made with the applicable Canadian securities regulators. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.

 

SOURCE Choom Holdings Inc.

About Choom™

Choom™ is inspired by Hawaii’s famous “Choom Gang”- a group of buddies in Honolulu during the 1970’s who loved to smoke weed— or as they called it, choom. Now, that same sweet, sticky sinsemilla that brought the Choom Gang together for good times is inspiring the next generation of the choom gang- right here in Canada.

 

Choom is all about cultivating good times with good friends. At every Choom retail location, you’ll be sure to find top shelf pakalolo, sourced from Health Canada approved Licensed Producers, curated to cater to a wide range of users- from the cannabis curious to the seasoned consumer.

 

Say hello to Choom™

 

HISTORY

 

In 2008, Barack Obama inspired millions when he was elected President of the United States. Obama was iconic on the world stage, and was the first President to go on record and speak unapologetically about using marijuana. Unlike his predecessors, Obama admitted to having inhaled- frequently.

 

It was a biography published in 2012 by David Maraniss that really documented the extent of Obama’s fondness for the herb- and this is where the Choom story begins. Specifically, Honolulu in 1979. The ‘Choom Gang’ was a group of buddies who loved to ‘choom the pakalolo’ (i.e. smoke weed). Not only was Obama a member of the Choom Gang, he was the group’s trendsetter—coining a number of their toking terms and protocols, including “roof hits” (the practice of sucking every last whiff of smoke lingering by the roof after hot-boxing a car), “total absorption” (holding in one’s hit for as long as possible, or suffering a one-toke penalty for premature exhalation), and the infamous “interception,” where he’d break rotation to steal an extra hit. In fact, Obama even thanked The Choom Gang “for all the good times” in his high school yearbook!

 

At Choom™, we’re inspired by the Choom Gang and we’re all about cultivating good times. Yes, that same sweet, sticky sensimilla that led Obama from Waikiki to the White House will be coming to a Choom™ store near you. Choom™ is the place to find top shelf pakalolo from a wide range of Health Canada approved Licensed Producers. Say hello to Choom™.

 

Choom’s Philosophy

 

Our philosophy is simple. It’s all about cultivating good times. We’ll be bringing some of the finest product and the best strains to our retail stores.

 

We think a pocketful of Choom™ will put a smile on your face, so bring us along when you’re ready for some good times with good friends. Say hello to Choom™.

 

YOUR NEW FAVOURITE STORE.
COMING SOON TO A NEIGHBOURHOOD NEAR YOU.

 

At Choom, we’re all about cultivating good times. And you can be sure that you’ll be able to find what you need to let the good times roll at your local Choom store.

 

Choom is the place to find high-grade handcrafted strains, plus a deep collection of accessories from some of our favourite brands. Say hello to good times with good friends.

 

Say Hello To Our Strategy

 

  • 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 us 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.

 

Source:  https://choom.ca/

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