VANCOUVER, May 3, 2018 /CNW/ - Choom™ (CSE:
CHOO; OTCQB: CHOOF) (the "Company" or "Choom"), an emerging fully-integrated cannabis company, announced today that it
has closed the acquisition of Island Green Cure Ltd ("IGC"), an advanced-stage cannabis production license applicant under Health
Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR). The financial terms of acquisition were previously
disclosed in the Company's news release of January 18, 2018.
SAY HELLO TO CHOOMTM
Choom™ was created for and inspired by the Choom Gang; a group of buddies in Honolulu during the 1970's
who loved to smoke weed—or as the locals called it, "Choom". Now, after four decades, Choom™ is bringing
the spirit of Hawaii to Canada. Choom™ is focused on delivering an elevated customer experience through our
curated retail environments, high-grade handcrafted Cannabis supply, and a diversity of brands for the Canadian recreational
consumer.
We're planting our flag in the rapidly growing legal cannabis industry in Canada with our own brand of high-grade
handcrafted herb. For additional information on Choom™ please visit: www.choom.ca
"Chris Bogart"
President & CEO
Caut ionary Statement:
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT 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 the results of diligence investigations, developments in the cannabis sector,
delays resulting from or inability to obtain required regulatory approvals and 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 the Company's Listing Statement, made with the applicable Canadian securities regulators. There can be no
assurance that such 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.
SOURCE Choom Holdings Inc.
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