Choom™ (CSE: CHOO; OTCQB: CHOOF) to Acquire Ninetails Cannabis in Whitehorse, Yukon

Choom™ (CSE: CHOO; OTCQB: CHOOF) to Acquire Ninetails Cannabis in Whitehorse, Yukon

Choom™ (CSE: CHOO; OTCQB: CHOOF), an emerging adult use cannabis company that has secured one of the largest national retail networks in Canada, is pleased to announce that it has signed a purchase agreement (the “Agreement”) to acquire Ninetails Cannabis Inc. (“Ninetails”), a licensed cannabis retail store in Whitehorse, Yukon.

Ninetails is located in Whitehorse’s downtown area at 204 Main St.  Upon closing of the acquisition and receiving the necessary regulatory approvals from the Yukon Liquor Corporation (“YLC”), the Ninetails store will be opened as a Choom-branded store once it has completed construction.

“We are excited for our cannabis retail network to expand into the Yukon,” states Chris Bogart, President and CEO of Choom Holdings Inc. “We have identified the Yukon as a largely underserved cannabis market opportunity which falls in line with our aggressive expansion strategy across Canada.  Consumers in the Yukon can expect style and sophistication accompanied by knowledgeable staff in a welcoming retail environment, consistent with the Choom look and feel we’re rolling out across the rest of our retail network.”

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Terms are not material.

Say hello to Choom™
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

Alex Porporo
Investor Relations
T: 604.683.2509 Ext. 231
F: 604.683.2506

Disclosure: Choom is a paid client of The Seed Investor

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Published at Tue, 13 Aug 2019 13:00:07 +0000

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