Choom Adds New Locations to its Canadian Retail Store Network

Choom (CSE:CHOO; OTCQB:CHOOF) announced it secured new locations for its cannabis retail store network in Alberta and B.C.

As quoted in the press release:

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.”

Click here to read the full press release.

Source: www.newswire.ca