20 stores secured & 90 in megotiations ... WoW Amazing$$$$$ 2018-12-11 08:06 ET - News Release
Mr. Chris Bogart reports
CHOOM STRENGTHENS ONTARIO RETAIL LEADERSHIP
Choom Holdings Inc. has made two executive additions to the recently formed Ontario retail team: Dr. Lamar Hanna as senior vice-president, retail, Ontario, and David Schenk as 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 and chief executive officer, stated: "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 Dec. 17, 2018. Choom is on track to having the maximum allowable of 75 applications in Ontario and is rapidly working toward the April, 2019, deadline when Ontario's private retail channels are expected to come on line.
Additionally, Choom has secured the rights to 68 retail opportunities across Western Canada, rapidly expanding its 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 seven stores having completed their buildout.
Dr. Hanna attended graduate school at Wayne State University where he received his doctor of pharmacy degree. Dr. Hanna 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. Dr. Hanna 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.
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 chief executive officer 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 work of clinic and staff operations.
About Choom Holdings Inc.
Evoking the spirit of the original Choom gang, the company's brand is synonymous with cultivating good times with good friends. It is focused on delivering an elevated customer experience through its curated retail environments, high-grade handcrafted cannabis supply and a diversity of brands for the Canadian recreational consumer.
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