Choom Enters into LOI with Cannabis Retail Shop Applicant – Cannabis Life Network

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VANCOUVER, British Columbia (GLOBE NEWSWIRE) — Choom (CSE: CHOO) (OTCQB: CHOOF) is pleased to announce that it has entered into a letter of intent agreement (“LOI”) with a single of the 25 Cannabis Retail lottery winners to open a place in Ontario.

Choom, an emerging adult use cannabis retailer, is developing out a single of the biggest retail cannabis networks in Canada. The LOI is with a winner of a single of the 25 retail possibilities to apply for a license to operate a cannabis retail shop granted as a outcome of the Alcohol and Gaming Commission of Ontario‘s (“AGCO”) Expression of Interest Application Lottery carried out on January 11, 2019.

“Being capable to get an early commence to establish Choom’s presence in the private retail industry in Ontario by means of an agreement with a lottery winner is a exceptional milestone for Choom. We are thrilled that the lottery winner chose Choom to assistance them effectively open and operate a retail cannabis shop in Ontario,” stated Chris Bogart, President and CEO of Choom. “With our branding and execution, buyers can anticipate a special knowledge accompanied with knowledgeable employees, style, and sophistication reflected all through the shop design and style. Our objective is to guarantee shoppers leave the shop recognizing a lot more about what they’re buying and making a higher retention client base.”

CHOOM’S NATIONAL RETAIL NETWORK

Choom is presently establishing a network of retail retailers which will function a curated choice of solutions from several licensed producers with a powerful concentrate on elevated client experiences for the adult use industry. Choom has secured the rights to 54 retail possibilities across Western Canada, quickly expanding their industrial footprint in very strategic places. This contains a total of 46 applications submitted in Western Canada with 10 retailers below building and an more 17 retailers possessing completed their make out. In all circumstances, the retail possibilities are topic to all the essential provincial and municipal governmental approvals.

SAY HELLO TO CHOOM&#x2122

Choom is an emerging adult use cannabis organization whose mission is to establish a single of the biggest retail networks in Canada.

The Choom brand is inspired by Hawaii’s “Choom Gang”, a group of buddies in Honolulu in the course of the 1970’s who loved to smoke weed or as the locals referred to as it, “Choom”. Evoking the spirit of the original Choom Gang, our brand caters to the Canadian adult use industry with the ethos of ‘cultivating superior times’. Choom is focused on delivering an elevated client knowledge by means of our curated retail environments, supplying a diversity of brands for Canadians across a national retail network.

 

Featured image courtesy of Comply with the Funds Investor Group.

 

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