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Choom Holdings Inc CHOOF

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.


GREY:CHOOF - Post by User

Post by CANNABISCANADAon Mar 28, 2022 4:38pm
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Post# 34553404

Interesting

Interesting

Cannabis Business Info Since 2011

Ontario white-label cannabis product deals allowed, retail regulator confirms

Cannabis retailers in Canada’s largest adult-use market will be allowed to contract with producers to create white-label and house-brand marijuana products, Ontario’s retail authority says.

In a Monday blog post, the Alcohol and Gaming Commission of Ontario (AGCO) confirmed that it had changed its mind about prohibiting such deals after marijuana industry feedback to the regulator’s February announcement it planned to prevent such deals.

The policy reversal was first reported by MJBizDaily last week.

“The AGCO takes industry feedback seriously,” the regulator noted in its blog post.

“As the cannabis sector evolves, the AGCO will continue to be responsive, including supporting innovation and flexibility in the sector while regulating in accordance with the principles of honesty and integrity and in the public interest.”

Deals to create house-brand cannabis products will still be subject to new rules on cannabis inducements that will take effect June 30, according to the blog post.

“Retailers will also need to maintain records of all agreements, which will help the AGCO better understand and monitor these activities over time,” the regulator said.

The AGCO also released an updated guidance document about those upcoming inducements rules.


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