Choom Holdings Inc CHOOF

Healthcare Cannabis

Choom Holdings Inc. is a Canada-based retail cannabis company, which is established as store networks in Canada. The Company’s Choom brand is inspired by Hawaii's Choom Gang, a group of buddies in Honolulu, who loved to smoke weed or, as the locals call it, Choom. The Choom Gang pursued a ‘live in the moment’ lifestyle and their energy has helped shape the Choom culture, which is rooted in the shared belief of cultivating time with friends. The Company is focused on delivering an elevated customer experience through its curated retail environments, offering a diversity of brands for Canadians across a national retail network. The Company operates through two segments: Retail Cannabis and Corporate Operations. The Company’s business strategy is to build retail cannabis chains, with locations across Canada in the provinces that allow for private retailers.

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Choom Holdings Inc

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Comment by northofsevenon Apr 12, 2019 4:01pm

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Post# 29620786

RE:RE:RE:RE:RE:Niagara

Is Alberta allowing for vertical integration in the cannabis industry?

The Alberta model has been designed with a number of safeguards in place to prevent monopolies and price fixing, including:

Licensed producers that wish to open a retail store must establish that store as a separate company (from any other business of the applicant).
Retail locations will be specialized stores.
All retailers are subject to legislation and requirements around anti-competition, trade-practice and inducements.
AGLC has the authority to establish a minimum price for retail should circumstances require it.
No person(s) or entity can hold more than 15 per cent of retail cannabis licences in the province.

For example, a licensed producer who also owned a retail store would sell their product to AGLC and then purchase it back to supply their retail store.