Choom Hldgs Inc. (CHOOF) Developing a Presence in the Canadian Cannabis Market

Choom currently operates two late-stage applicants under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”). Choom has agreements in place to acquire two additional late-stage applicant craft growers in BC and Saskatchewan, including a facility in Sooke, British Columbia, anticipated to receive its cultivation license from Health Canada in the third quarter of 2018.

The company’s stock has shown an uptrend after it announced a non-brokered private placement with a lead order from Aurora Cannabis Inc. whereby Aurora will receive an 8% ownership interest.

With the legalization of adult use cannabis in Canada on track, Choom™ is positioning itself to be one of the leading premium choice brands for Canadian consumers. This investment by Aurora accelerates the overall corporate strategy of delivering a true seed to sale experience through an offering of high-quality cannabis to Canadian consumers across the country.

On June 15^th, Choom announced its acquisition of Specialty Medijuana Products Inc. (SMP). As per management, the addition of SMP to the Choom group of companies will add value to the entire Choom supply chain, from seed to sale.

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither TNS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit https://www.tradersnewssource.com.