Vancouver, BC – Aug 10, 2021– Choom Holdings Inc. (“Choom” or the “Company”) (CSE: CHOO; OTCQB: CHOOF), a fast-expanding Canadian retail cannabis Company is pleased to provide a 2021 operational update.
“As we move through the summer months, the strengthening of the business continues” says Choom CEO, Corey Gillon “Our mission remains the same in providing the best retail cannabis experience in every market we serve. As the economy begins to re-open, so to do our stores, and we look forward to the opportunity to further serve our growing customer base”.
New Store Development Toronto, Liberty Village: Choom continued to expand with the opening of its first Toronto flagship location in Liberty Village, on July 28.
Hamilton: The Company has broken ground on its next Ontario location in Hamilton. The 12-week construction timeline is approaching 50% completion, with an anticipated early fall opening.
Ottawa: Pre-construction activities for the Company’s next Ontario location are currently underway, integrating it into the store opening pipeline.
Vancouver: Completed acquisition of Dunsmuir Street location July 1. Pre-construction activities for the British Columbia location are also currently underway.
Market Awareness Services
The Company also announces that it has engaged Stockhouse Publishing Ltd. (“Stockhouse”) to provide increased market awareness and advertising services to the Company. Stockhouse is an arm’s length financial portal with one of the largest communities of active investors in North America. It provides financial news, tools and information that enable its investor community to uncover and share opportunities on high growth investment sectors, market trends, small cap stocks and more. The Company has engaged Stockhouse for a period of twelve months commencing July 2021 at an agreed upon cash fee of $100,000 for the duration of the contract.
Stockhouse can be contacted at:
1100 - 609 West Hastings Street, Vancouver, BC V6B 4W4
sales@stockhouse.com (604) 678-4349
The Company has not undertaken any investigation into whether or not Stockhouse holds securities of the Company.
Options and RSU’s Choom also announces the grant of 15,125,000 stock options (the “
Options”) to employees, officers, and directors of the Company. The Options have an exercise price of $0.065 per share, are exercisable until August 9, 2026, and will be governed in accordance with the terms of the Company’s stock option plan.
The Company also announces that it has granted an aggregate of 750,000 restricted share units (“
RSUs”) to independent directors of the Company, such RSUs to vest as to 50% on the date of grant with 12.5% to vest every three months thereafter and to be governed by the Company’s RSU Plan. All the RSUs will be subject to applicable securities law hold periods.
About Choom™ Choom™ is a fast-expanding retail cannabis Company that 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.
For additional information contact:
Corey Gillon, CEO
Telephone: 604-683-2509
Chris Bogart, President
Telephone: 604-683-2509
investors@choom.ca