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$CHUM

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Q3 2015 Chuma Holdings (OTCQB: CHUM) Corporate Update to Shareholders

LOS ANGELES, CA–(Marketwired – Sep 10, 2015) – Chuma Holdings, Inc. (OTCQB: CHUM) (“Chuma” or “the Company”) is pleased to provide shareholders an update of current corporate activities.

Chuma’s dual focus is on creating the tools to allow growers and sellers of legal marijuana in California — and other US states — to comply with the law, and to make strategic, hard asset investments in the growing, lawful, marijuana sector.

Letter to Shareholders

Dear Fellow Shareholders,

California appears headed to full marijuana legalization.

The California State Assembly recently attempted to establish an agency to oversee the multi-billion dollar California marijuana market. Governor Jerry Brown rejected the State Assembly’s approach and called for direct regulation. A ballot Initiative to regulate the industry is also proceeding. As the legislature struggles with attempts to regulate the industry, the state of California continues to lose millions of dollars in tax revenue each year.

The legislative picture is complicated and we include a summary below. What is clear is that all of the proposals will require growers and sellers to adhere to a strict compliance regime. From seed to sale, California proposes to regulate the marijuana industry closely.

Regulatory compliance is Chuma’s core competence. We are set to provide a solution to benefit both the State and legal marijuana dispensaries and cultivators. Our solution will ensure industry participants stay compliant with pending regulations and alert the user of any compliancy concerns and address what needs to be corrected.

Chuma’s compliance package would enable tracking of inventory and revenue to both assist the state in capturing lost tax dollars and assist legitimate cannabis industry participants in maintaining their compliancy.

We’ve developed our compliance package to meet the current medical marijuana rules in Los Angeles and other municipalities in California. Using automation and a deep knowledge of the marijuana business we are confident that our systems will meet the challenge of the new, California wide, regulatory system likely to emerge in the next 18 months. We’ll be updating our shareholders on the progress of our system and what we are doing to anticipate legalized, regulated, marijuana in California.

A Hard Asset Strategy

Medical marijuana is a rapidly growing industry in America. As more states legalize medical and recreational marijuana, more opportunities for experienced, compliant businesses arise. What has been a clandestine, fringe activity is being brought into a legal, regulated environment. Change creates opportunity and Chuma is uniquely positioned to offer real business solutions and outstanding services and branding to an emerging multibillion-dollar industry.

Professionalism within the marijuana industry will take strong regulations followed by tools for compliance. Tools that Chuma has already developed and used successfully, and service contracts which have produced revenues.

We anticipate being able to redeploy cash flow and earned funds into additional service and compliancy contracts this quarter. This model has proved to be successful in Los Angeles, California, and we look forward to expanding.

We believe Chuma’s intrinsic value could outperform our industry competitors in the coming years. We remain focused on what we do best, and our management team is firmly committed to growing Chuma, and delivering value for our customers, partners and shareholders.

Our sincerest appreciation to our shareholders for your commitment to us and for your continued support.

Respectfully,

Kevin Wright
President on behalf of the Board of Directors

About Chuma Holdings, Inc.

Chuma and our wholly-owned subsidiaries provide turnkey financing and support solutions to the rapidly evolving and growing legal cannabis industry. We provide “seed to sale” key business services including financing, compliance consulting, dispensary solutions, banking and payment processing solutions, and marketing and sales consulting. Chuma’s experienced team has over thirty-five years combined experience in the lawfully organized cannabis industry in California, and we are currently generating revenue from existing financing and service solutions. We are planning on expanding throughout California and bringing our array of services to each new state that legalizes the use of cannabis. For more information, please visit www.chuma.us.

Safe Harbor Statement

This release contains “forward-looking statements” that include information related to future events and future financial and operating performance. The words “may”, “would”, “will”, “expect”, “estimate”, “can”, “believe”, “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the ability of Chuma to secure appropriate funding to implement its business plan, the demand for Chuma’s services, Chuma’s ability to maintain customer and strategic business relationships, the regulation of legal cannabis on both state and federal levels, the impact of competitive products and pricing, growth in targeted markets, and other information that may be detailed from time-to- time in Chuma’s filings with the United States Securities and Exchange Commission. Chuma undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

California Legalization: It’s Complicated

The California State Assembly recently approved a proposal for establishing an agency to oversee new licensing regulations, in the multi-billion dollar California marijuana market, which would be enforced by several state departments. As the legislature struggles with attempts to regulate the industry, the state of California continues to lose millions of dollars in tax revenue each year.

The bill, AB 266, is a combination of two rival proposals, one backed by the cannabis industry, the other backed by cities and law enforcement. With some Republican support, the measure passed by a vote of 50 to 5. The entire bill was then gutted by Governor Jerry Brown, who inserted a directive to the California legislature to establish controls and regulations of the marijuana industry.

California Marijuana Control, Legalization and Revenue Initiative (#15-0020 and #15-0039) has been approved for circulation in California as a contender for the November 8, 2016 ballot, as an initiated state statute that legalizes under state law marijuana use, cultivation, possession, transportation, storage, or sale. The Initiative further creates a Commission to regulate and license the state’s marijuana industry and apply general retail sales taxes to marijuana, unless medical or dietary exemptions apply.

The Initiative permits taxes on nonmedical marijuana sales, up to a maximum of 10% of its retail price. The Initiative prohibits discrimination against marijuana users or businesses prohibits Legislature from enacting marijuana laws and imposes personal liability on law enforcement for wrongful marijuana destruction or assisting with certain marijuana investigations. The Initiative requires voter approval to zone beyond set limits.

This ballot measure would invalidate the City of Los Angeles Prod D measure as it nullifies other local regulations exempting medical marijuana collectives from licensing and local zoning. AB 266 was of almost identical language, so the Governor’s actions essentially took it from the hands of the legislatures and put in the hands of the voters. California’s recent legislative attempts to implement regulations and controls over the marijuana industry, although sidelined for now, will create a compliance challenge for the state’s proposed cannabis Commission.

While the path to legalization of marijuana in California is more than a little complicated, it is clear that California will legalize marijuana on a highly regulated basis. Ensuring cost effective compliance with whatever regulatory regime emerges from the California process requires a deep understanding of the business and the issues which growers and dispensaries face as they provide legal marijuana to the public.
Contact:
Contact Information
Kevin Wright
President
Chuma
kevin@chuma.us
www.chuma.us
(702) 751-8455

0 1285

Form 8-K for CHUMA HOLDINGS, INC.


19-Feb-2015

Entry into a Material Definitive Agreement, Other Events

Item 1.01 Entry into a Material Definitive Agreement.
Placement Agent Agreement
On January 21, 2015, Chuma Holdings, Inc. (the “Company”) originally entered into a Placement Agent Agreement (the “Agreement”) with Spencer Edwards, Inc. (“Spencer Edwards”). However, on February 17, 2015, the Company ratified the Agreement to have an effective date of February 13, 2015. Pursuant to the Agreement, Spencer Edwards will act as the Company’s exclusive placement agent for the Company in connection with an offering of the Company’s securities on a best efforts basis (the “Offering”).

Pursuant to the terms of the Agreement, the Company is obligated to provide Spencer Edwards with the compensation set forth below:

(i) A 2% non-accountable expense allowance;

(ii) A 10% sales commission of the gross proceeds of the Offering; and

(iii) 10% Placement Agent Warrant as defined in Section 12 of the Agreement that is incorporated by reference herein.

The Company has appointed Spencer Edwards as its exclusive placement agent within the territories of the United States until July 31, 2015, unless one party provides written notice of termination to the other party for failure to comply with the terms of the Agreement.

A copy of the Agreement is filed as Exhibit 10.1 to this Current Report in its entirety and is incorporated by reference herein.

 

Item 8.01 Other Events.On February 13, 2015, the Company issued a press release (the “Press Release”) announcing the engagement with Spencer Edwards. A copy of this Press Release is furnished as Exhibit 99.1 to this Current Report in its entirety and is incorporated by reference herein.

Item 9.01     Financial Statements and Exhibits

Exhibit No.    Description

10.1         Placement Agent Agreement between Chuma Holdings, Inc. and Spencer
Edwards, Inc.

99.1         Press release dated February 13, 2015.

0 1027

Form 8-K/A for CHUMA HOLDINGS, INC.


29-Jan-2015

Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.The disclosure contained in Items 9.01(a) and (b) of the Original Form 8-K is hereby deleted in its entirety.

1 1409

Form 8-K for CHUMA HOLDINGS, INC.

13-Jan-2015

Other Events

Item 8.01 Other Events.Effective January 9, 2015, the British Columbia Securities Commission (the “BCSC”), the market regulatory authority in the province of British Columbia, Canada, issued a temporary halt trade order on Chuma Holdings, Inc.’s (the “Company”) common stock which halted trading in the stock in the province of British Columbia until the end of business on January 29, 2015. The Company is informed and believes that this temporary halt trade order is directly related to unauthorized third party investor relations promotional campaigns discovered by the Company and disclosed via Company press release on January 9, 2015.

The Company further believes that the offending promotional campaigns have since been taken down. The Company will continue to work closely with the BCSC to ensure that citizens of British Columbia will be able to resume trading in the Company’s common stock as soon as possible. The Company again would like to reiterate that it focuses upon ensuring that all public communications are accurate and in compliance with applicable securities laws and cautions investors about relying on unauthorized promotional campaigns.

 

1 1381

Chuma Holdings Cautions Investors Regarding Unauthorized Investor Relations Campaigns

LOS ANGELES, CA / ACCESSWIRE / January 9, 2015 / Chuma Holdings, Inc. (the “Company”) (CHUM), a company that provides both funding and financing alternatives and turnkey support services for the legal cannabis industry, was advised yesterday that third party promotional companies are conducting investor relation campaigns which have neither been authorized nor funded by the Company.

The Company is extremely sensitive to the importance of controlling and assuring that all public communications are accurate and in compliance with applicable securities laws. We are cautioning all investors that they should not rely upon any third party promotional campaigns that company management believes may have motives which are not in the best interest of all shareholders.

The Company does want to once again take this opportunity to thank the market for the support of CHUM at this critical point in our operations; however, we continue to stand by our focus upon regulatory compliance in all areas of operations.

About Chuma Holdings Inc.

Chuma (CHUM) and our wholly-owned subsidiaries provide turnkey financing and support solutions to the rapidly evolving and growing legal cannabis industry. We provide “seed to sale” key business services including financing, compliance consulting, dispensary solutions, banking and payment processing solutions, and marketing and sales consulting. Chuma’s experienced team has over thirty-five years combined experience in the lawfully organized cannabis industry in California, and we are currently generating revenue from existing financing and service solutions. We are planning on expanding throughout California and bringing our array of services to each new state that legalizes the use of cannabis. For more information, please visitwww.chuma.us.

Safe Harbor Statement

This release contains “forward-looking statements” that include information related to future events and future financial and operating performance. The words “may”, “would”, “will”, “expect”, “estimate”, “can”, “believe”, “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the ability of Chuma to secure appropriate funding to implement its business plan, the demand for Chuma’s services, Chuma’s ability to maintain customer and strategic business relationships, the regulation of legal cannabis on both state and federal levels, the impact of competitive products and pricing, growth in targeted markets, and other information that may be detailed from time-to- time in Chuma’s filings with the United States Securities and Exchange Commission. Chuma undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

Jordan Shapiro
CEO, Chuma
www.chuma.us
(702) 751-8455

SOURCE: Chuma Holdings, Inc.

 

0 1446

Chuma Contracts Capital Canada as Exclusive Canadian Financial Advisor

LOS ANGELES, CA / ACCESSWIRE / November 26, 2014 / Chuma Holdings, Inc. (OTCBB:CHUM) (“Chuma” or “the Company”) is pleased to announce that it has contracted Capital Canada Limited (“Capital Canada”) to act as its exclusive Canadian Financial Advisor in connection with raising equity financing for Chuma from Canadian investors.

Capital Canada is a recognized leader in providing investment banking services to predominantly mid-market companies. For over 35 years, it has focused on providing clients with financial advisory services, including equity private placements.

Capital Canada will provide Chuma with ongoing access to Canadian investors and institutions. Capital Canada will manage Chuma’s capital raise in the Canadian marketplace on a best effort basis, coordinate meetings with potential investors and institutions, evaluate proposals, and ensure the timely closure of Chuma’s financing opportunities. The engagement between Chuma and Capital Canada is for a period of one (1) year and subject to renewal by the parties’ mutual agreement.

“Canadians are familiar with our regulated marijuana industry. We are looking forward to presenting Chuma’s unique business strategy to savvy Canadian investors.” said Chuma President Kevin Wright, “To date we have seen very few publically-listed, American companies that allow Canadian investors the opportunity to gain exposure to US legal medical marijuana opportunities. As a Canadian, I have seen the solid rise in interest in this sector in Canada. I believe the Chuma model, in the billion dollar California medical marijuana market, offers a similar opportunity.”

Mr. Jack Steckel, Managing Director, Capital Canada stated “the Chuma business model provides financing and service solutions to lawfully organized medical marijuana companies that offers investors a business driven value proposition. Chuma has a ‘meat and potatoes’ financial model our investors will understand and endorse. We are looking forward to working with the top caliber team at Chuma to bring this story to the Canadian investment community.”

The appointment of Capital Canada as the exclusive Canadian financial adviser to Chuma took effect October 3, 2014 which then included prerequisite due diligence and tours of the Company’s dispensary and production contracts, and meetings with key management. Capital Canada performed and managed the due diligence process including operational, financial, and corporate governance reviews of Chuma.

Interested Accredited Canadian investors are invited to contact Mr. Steckel. Proceeds of the financing will be applied to Chuma’s ongoing business development operations in the legal California medical marijuana market.

About Chuma Holdings Inc.

Chuma (CHUM) and our wholly-owned subsidiaries provide turnkey financing and support solutions to the rapidly evolving and growing legal cannabis industry. We provide “seed to sale” key business services including financing, compliance consulting, dispensary solutions, banking and payment processing solutions, and marketing and sales consulting. Chuma’s experienced team has over thirty-five years combined experience in the lawfully organized cannabis industry in California, and we are currently generating revenue from existing financing and service solutions. We are planning on expanding throughout California and bringing our array of services to each new state that legalizes the use of cannabis. For more information, please visitwww.chuma.us.

About Capital Canada Limited

Capital Canada Limited is an independent investment banking firm providing expert, financial advice to corporations with a focus in the private capital markets. Capital Canada brings to bear the application of innovative and independent financial skills, targeted towards the unique characteristics of its clients. Capital Canada recognizes that effective corporate finance requires evaluation of financial needs, an understanding of corporate goals, awareness of market attitudes, knowledge of funding sources, as well as an ability to develop the best financial structure for each client. For over 35 years, Capital Canada has built a reputation for performance with one clear goal: complete the best transaction for the client. For more information, please visit www.capitalcanada.com.

Safe Harbor Statement

This release contains “forward-looking statements” that include information related to future events and future financial and operating performance. The words “may”, “would”, “will”, “expect”, “estimate”, “can”, “believe”, “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the ability of Chuma to secure appropriate funding to implement its business plan, the demand for Chuma’s services, Chuma’s ability to maintain customer and strategic business relationships, the regulation of legal cannabis on both state and federal levels, the impact of competitive products and pricing, growth in targeted markets, and other information that may be detailed from time-to- time in Chuma’s filings with the United States Securities and Exchange Commission. Chuma undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

Kevin Wright
President, Chuma
www.chuma.us
(702) 751-8455

Jack Steckel
Managing Director, Capital Canada
www.capitalcanada.com
(416) 598-7700

SOURCE: Chuma Holdings, Inc.

2 1913

Chuma Consolidates Marijuana Compliance Leadership in California with Acquisition of PSA Inc.

LOS ANGELES, CA / ACCESSWIRE / November 21, 2014 / Chuma Holdings, Inc. (“Chuma”) (OTCBB: CHUM) is pleased to announce it has acquired Paul Shively & Associates Inc. (“PSA”).

PSA is an industry leader in corporate compliance in the legal cannabis industry having worked with over 500 dispensaries and industry businesses. In the California medical marijuana field PSA brings seven years of expertise in the design, operation, compliance and required day-to-day mandates needed to run a legal collective, production and product company in the state.

Acquiring PSA provides Chuma the intellectual property Mr. Shively and his team have created over the last seven years. This intellectual property includes trade secrets and business best practices specific to the marijuana industry and critical to the execution of the Chuma business strategy.

“We are delighted to elevate our working relationship with Paul through the acquisition of his company. He brings twenty-six years of experience in corporate accountability and fiscal management for both public and private companies.” said Mr. Kevin Wright, President of Chuma.

“We’ve had the benefit of Paul’s expertise since we began our operations. He has served as a Director of Chuma and as a consultant to the company. Paul has proven the value of his contacts, databases, operational know-how, financial analysis tools and ongoing knowledge of the legal medical marijuana industry in California.” continued Mr. Wright. “PSA is one of the most highly regarded service firms in Los Angeles. Our shared commitment to integrity, trust and teamwork will enhance our ability to provide quality services to our clients.”

“Merging with Chuma allows us to retain our corporate service focus and engagement with our clients. Now we can provide them access to a suite of financing and operational services,” said Mr. Shively. “We will grow faster together with a full service strategy. The legal medical marijuana industry is an incredibly opportunist market right now, and leveraging our services to take advantage of the window and increase our share of the market just makes sense.”

About Chuma Holdings Inc.

Chuma and our wholly-owned subsidiaries provide turnkey financing and support solutions to the rapidly evolving and growing legal cannabis industry. We provide “seed to sale” key business services including financing, compliance consulting, dispensary solutions, banking and payment processing solutions, and marketing and sales consulting. Chuma’s experienced team has over thirty-five years combined experience in the lawfully organized cannabis industry in California, and we are currently generating revenue from existing financing and service solutions. We are planning on expanding throughout California and bringing our array of services to each new state that legalizes the use of cannabis. For more information, please visit www.chuma.us.

Safe Harbor Statement

This release contains “forward-looking statements” that include information related to future events and future financial and operating performance. The words “may”, “would”, “will”, “expect”, “estimate”, “can”, “believe”, “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the ability of Chuma to secure appropriate funding to implement its business plan, the demand for Chuma’s services, Chuma’s ability to maintain customer and strategic business relationships, the regulation of legal cannabis on both state and federal levels, the impact of competitive products and pricing, growth in targeted markets, and other information that may be detailed from time-to- time in Chuma’s filings with the United States Securities and Exchange Commission. Chuma undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

Kevin Wright
President, Chuma
www.chuma.us
(702) 751-8455


SOURCE:
Chuma Holdings, Inc.

 

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