Choom Secures BC Retail Cannabis AIP License for Olympic Village, Vancouver
30 April 2020 - 12:00PM
Choom™ (CSE: CHOO; OTCQB: CHOOF), an elevated cannabis company, who
has one of the largest national retail networks in Canada, is
thrilled to announce that it has received the Approved In Principle
(AIP) retail cannabis licensing for its Olympic Village location in
Vancouver, BC.
Corey Gillon, CEO states, “Choom is extremely proud to have
secured an AIP retail cannabis license through the BC Liquor &
Cannabis Regulation Branch (BCLCR), Ministry of Attorney General.
This is a big milestone for Choom in its expansion into the
Province. We will be operating in three provinces as of mid-May and
have further plans to open additional stores in Metro Vancouver
over the next few months. During this very challenging time for the
global economy, Choom is appreciative of the opportunity to provide
a safe and elevated retail experience for Vancouver clients.”
This follows the company’s recent acquisition of its flagship
location in Niagara Falls, Ontario.
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About Choom™:
Choom™ is a fast-expanding retail cannabis company who has
established one of the largest store 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 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.
Corey Gillon Chief Executive Officer
Cautionary Statement:
THE CANADIAN SECURITIES EXCHANGE, NOR ITS REGULATIONS SERVICES
PROVIDER, HAS NOT REVIEWED OR ACCEPTED 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,
access to sufficient quantities of cannabis, the results of
diligence investigations, the actions of third parties, 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 those made with the CSE and applicable Canadian
securities regulators. There can be no assurance that such forward
looking 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.
Contact:
Choom Holdings Inc.
Corey Gillon
CEO
T: 604.683.2509
F: 604.683.2506
Chris Bogart
President
T: 604.683.2509
F: 604.683.2506
E: investors@choom.ca
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