British Columbia-based fully-integrated cannabis
company Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) this morning
announced its intended expansion into Florida following its strategy to become
a multi-state operator. According to the update, Choom, through its wholly
owned subsidiary, Choom Holdings USA Inc., has entered a letter of intent
(“LOI”) to purchase a 95 percent equity interest in a Florida-based
vertically-integrated cannabis applicant. “We are very excited to be expanding
into Florida and to bring Choom’s medical brand into that market.
Florida’s medical marijuana program is a very attractive opportunity for us
seeing that it allows for vertically-integrated operations and it has been a
market we’ve had our sights on for a while now,” Choom President & CEO
Chris Bogart stated in the news release. “This investment aligns with our
strategy of becoming a multi-state operator in the US and helps us to bolster
our growth targets. Florida is home to over 21 million residents and has shown
impressive year over year growth on the number of registered patients with a
large portion of the market being relatively uncaptured.”
To view the full press release, visit http://ibn.fm/dOSMv
SAY HELLO TO CHOOM
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, the
brand is synonymous with cultivating good times with good friends. The company
is focused on delivering an elevated customer experience through its curated
retail environments, high-grade handcrafted cannabis supply, and a diversity of
brands for the Canadian recreational consumer. For additional information on
Choom™, please visit www.choom.ca.
NOTE TO INVESTORS: The latest news and updates
relating to CHOOF are available in the company’s newsroom at http://ibn.fm/CHOOF
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