VANCOUVER, June 8, 2018 /CNW/ - Choom™ (CSE: CHOO) (OTCQB: CHOOF) (the "Company" or "Choom™") applauds the passing of Bill C-45 by the Canadian Senate, paving the way for official legalization of recreational use cannabis in Canada. After today's important vote, we see blue skies ahead- with a hint of green.
Chris Bogart, President & CEO comments, "This is an exciting day for the Cannabis industry in Canada. Legalization is now officially on the horizon, and while some might think they have seen the crest of the cannabis wave that has been building for years, Choom™ recognizes that we've just started paddling into a wave that will build momentum now that legalization is in place. In every major market- Colorado, Washington, California- we've seen adult-use grow year over year by double digits. Choom™ sees the same growth potential in Canada, and legalization marks the start of Canadian adult consumers purchasing cannabis through legal channels instead of the black market. Canada has made history as the first G-20 country to legalize rec use, and this presents a tremendous opportunity for Choom™, given that our roots are firmly planted in the Canadian recreational cannabis space."
SAY HELLO TO CHOOM™ 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 is synonymous with cultivating good times with good friends. We are focused on delivering an elevated customer experience through our curated retail environments, high-grade handcrafted cannabis supply, and a diversity of brands for the Canadian recreational consumer.
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NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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 include 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 the results of diligence investigations, developments in the cannabis sector, delays resulting from or inability to obtain required regulatory approvals and 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 the Company's Listing Statement, made with the applicable Canadian securities regulators. There can be no assurance that such 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.
SOURCE Choom Holdings Inc.
For further information: Choom Holdings Inc.: Chris Bogart, President & CEO, T: 604.683.2509, F: 604.683.2506, E: [email protected]