Choom Holdings (CHOO.C) has been granted a development permit to open a retail cannabis store at 191 W. 2nd Avenue, in Vancouver, B.C.
Choom Holdings (CHOO.C) has completed its acquisition of Clarity Cannabis Medical Centre, and will now move towards the recreational marijuana market.
On November 20, 2018 Choom (CHOO.C) announced that it has acquired Clarity Cannabis Medical Centre and various affiliates doing business as Clarity Medical Centres.
On November 5, 2018 Aurora Cannabis (ACB.T) announced a $20 million investment in Choom (CHOO.C). The investment is convertible into common shares of Choom at $1.25 per Share, with a 4-year maturity date.
Choom Holdings (CHOO.C) has partnered with Vancouver-based merchandise delivery provider ParcelPal (PKG.C) to facilitate cannabis distribution to its Canadian clients.
First up, Choom Holdings (CHOO.C) has been added to the Horizons Marijuana Life Sciences Exchange-Traded Fund (ETF) alongside industry-giants such as Canopy (WEED.T) and Aurora (ACB.T).
Residents of Churchill, Manitoba were recently asked to leave their car doors unlocked in case the neighbours needed to escape from a polar bear.
I’ve written this story three times in as many days, because every time I get to the bottom and am ready to post, the valuations of everything seem to have changed. So, to hell with it: I’m sticking the landing on this version.
Choom (CHOO.C) has advanced aggressively into Canada, planting its flag in the rapidly growing legal cannabis industry with a fun, funky brand of handcrafted herb.
Aurora Cannabis (ACB.T) exec Cam Battley came onto the Equity.Guru livestream a bit over a week ago and said (I’m paraphrasing here), we may see a bit of a drop off in Aurora’s acquisition game, to give the pieces a chance to show how they’ll work together, and that folks who worried that the share structure was being diluted with deals had a fair point that he believed was counterbalanced by the need to catch the big three, who got a head start on ACB back in the day.
In 2014, I said before a crowd at one of the first cannabis company conferences, ‘forget growing weed – nobody invested hard in barley and hops after prohibition ended – they wanted to invest in brands, the Seagrams and Canadian Clubs and Budweisers, that got the maximum margin out of every ingredient.’