Choom Secures 12 Additional Cannabis Retail Opportunities in Alberta and British Columbia

Published: August 23, 2018

Choom Secures 12 Additional Cannabis Retail Opportunities in Alberta and British Columbia

Choom; an emerging, fully-integrated cannabis company; has advanced its retail portfolio and the build-out of its cannabis retail store network in Alberta and British Columbia.

Choom has secured the rights to an additional 5 retail locations in Alberta and 7 in B.C. These new retail opportunities bring Choom’s total retail potential up to 52 locations across western Canada. Choom’s rapidly expanding provincial presence now stands at 29 leases in highly strategic and secure locations in Alberta with 28 applications submitted, in combination with 17 retail opportunities in B.C.

Choom is executing an aggressive expansion plan to create a significant retail 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.

“We are excited to continue our progress towards being a leading private cannabis retailer in Canada,” said President and CEO of Choom, Chris Bogart. “In the burgeoning recreational sector, the consumer will be difficult to acquire, and as such, a strong Choom™ retail presence is key to customer acquisitions and securing market share. Choom’s brand was created exclusively for the adult use market, and core to our values is cultivating an excellent experience for the consumer via way of retail distribution. We are committed to pursuing retail opportunities across the country and remain focused on cultivating ‘Good Times with Good Friends’.”

Additionally, Choom is pleased to report it has received Development Permits in 11 municipalities and is in the process of its retail store buildouts.

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