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CHOO - Choom Holdings Inc News Story

C$0.115 -0.0  -4.2%

Last Trade - 16/04/21

Sector
Healthcare
Size
Micro Cap
Market Cap £21.6m
Enterprise Value £38.8m
Revenue £10.6m
Position in Universe 1292nd / 2713

Choom Announces Second Store Opening in Vancouver, B.C., with New Yaletown Location

Fri 29th January, 2021 12:00pm
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VANCOUVER, British Columbia, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Choom™ (CSE:
CHOO
(https://www.globenewswire.com/Tracker?data=Zn_VhhYV6Ov5F5lgrHMpQvqaSVj0Dc-0B6yrBiCySO3qi-4QGiXmkxnPWskUP45m_SU9m5o9I3nb84GflQW6Z-8HsaQr_Dp5TgT_pIDaeB-kW6ed9TknzbpAwwymV6TL);
OTCQB: CHOOF
(https://www.globenewswire.com/Tracker?data=n_5kpMBa_pZT0Yn4dQl5OuHR5YUmSkkPLIdFQb4tOVYQ9yrAEXr_-2aQ8KFUMtC4I0aKJ1HwxPNXMDM6dz4QUdQvqWteyxeCVksXOsTF3LA=)),
one of Canada’s leading recreational cannabis retailers, is pleased to
announce the opening of its latest retail location in the Yaletown
neighborhood of Vancouver, B.C. (1391 Richards Street, Vancouver V6B 3G7).
The brand currently has 15 locations operational across Alberta, Ontario, and
B.C, with ambitious expansion plans through 2024.

“It’s an exciting start to 2021 for Choom, we are seeing the expansion of
our brand in our hometown of Vancouver,” said Corey Gillon, CEO of Choom.
“We continue to see the brand come to life, through the tireless efforts of
our team. Choom is staying true to our vision; providing a best-in-class
retail cannabis experience to every client, in every market we serve.”

The brand continues to build its community with this latest location.
Inspiration is drawn from Hawaii’s Choom Gang of the 1970’s, illustrated
through a visual gallery and art installations throughout the space. With a
proprietary selling and servicing model, customers are engaged in a unique
experience during each visit. The location has a boutique feel, fitted with
premium fixtures, bringing an elevated sophistication to the space and broader
market. The location also offers click and collect services making the
purchasing process seamless, providing choice to customers during the Covid-19
pandemic.

To ensure the safety of staff and customers, Choom is taking extra
precautions, such as physical distancing, and practicing regular sanitization
and safety measures, in support of continued Health Canada recommendations.

As part of Choom’s strategic growth planning, Dylan Murray, Choom’s
current Vice President of Finance, will step into the role of Chief Financial
Officer, with Terese Gieselman continuing in the capacity of Corporate
Secretary.

Today’s opening marks the second of eight locations planned for British
Columbia.

About Choom™
Choom™ is a fast-expanding retail cannabis company that has established one
of the largest store networks in Canada. 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, our brand caters to the
Canadian market with the ethos of ‘cultivating good times’. Choom™ is
focused on delivering an elevated customer experience through our curated
retail environments, offering a diversity of brands for Canadians across a
national retail network.

Cautionary Statement on 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 includes statements or information
regarding the future plans or prospects of the Company. 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 or arising as a result of delays in obtaining or
an inability to obtain required regulatory approvals, access to sufficient
quantities of cannabis, the results of diligence investigations, the actions
of third parties, the results of negotiations with third parties, developments
in the cannabis sector, the 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 those made with the CSE and
applicable Canadian securities regulators. There can be no assurance that such
forward looking 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. 

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
HAS REVIEWED OR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.



For additional information contact:

Corey Gillon, CEO                        
Telephone: 604-683-2509

Chris Bogart, President
Telephone: 604-683-2509                

investor@choom.ca



GlobeNewswire, Inc. 2021
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