VANCOUVER, June 19, 2018 /CNW/ - Choom™ (CSE: CHOO) (OTCQB:
CHOOF) (the "Company" or "Choom") an emerging, fully-integrated cannabis company, is pleased to announce that it has advanced the
build-out of its cannabis retail store network in Alberta and British
Columbia.
Choom™ has secured the rights to an additional 7 retail locations in Alberta. Choom has 25
leases in highly strategic and secure locations in Alberta with 24 applications submitted. Choom
has also secured 3 additional B.C. retail leases, combined with the existing 7, for a total of 10 retail opportunities in B.C. In
all cases, the retail opportunities are subject to all necessary governmental and municipal approvals being granted. This number
is expected to grow over the coming months as the Company is currently negotiating additional leases with the intention of
submitting applications for retail licenses. The following link will bring you to our retail opportunity map: https://investors.choom.ca/wp-content/uploads/2017/11/ChoomRetailMap.pdf
"This is a significant step towards establishing Choom's strategy to be a leading private cannabis retailer in Canada," states Choom's President and CEO, Chris Bogart. "Market share and
customer acquisition in the upcoming recreational landscape will be very difficult to come by, these applications are key to
Choom's retail strategy. Choom's brand was created exclusively for the recreational market, core to our values is cultivating a
great experience for the consumer and part of this strategy is retail distribution. We are committed to pursuing retail licensing
opportunities across the country and remain focused on cultivating 'Good Time with Good Friends'."
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 please visit us at: 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 plans to obtain directly or through acquisition cannabis
retail opportunities, expected governmental approvals for cannabis retail stores, and the general prospects or plans for a
cannabis retail network. 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.
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SOURCE Choom Holdings Inc.
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