With recreational cannabis only months away from legalization in Canada, companies are racing to prepare for the new market. For many, this means partnerships, supply agreements, and external investment. Choom Holdings, Inc. (CSE: CHOO) (OTCQB: CHOOF) (CHOOF Profile) has received a substantial investment from ABcann Global to develop its high-end retail brand and growing facilities. Aurora Cannabis, Inc. (TSX: ACB) (OTCQX: ACBFF) has entered into a supply agreement with Shoppers Drug Mart and invested in Liquor Stores N.A. Ltd. to support expansion in both the medical and recreational sectors, and OrganiGram Holdings, Inc. (TSX.V: OGI) (OTCQB: OGRMF) inked a deal with TGS Colorado, providing access to technology and designs not available to other Canadian companies. The Hydropothecary Corporation (TSX.V: THCX) struck a deal with the Société des alcools du Québec, while The Supreme Cannabis Company, Inc. (TSX.V: FIRE) (OTC: SPRWF) has invested $3 million in BlissCo, a new producer. Across the industry, such deals are paving the way for growth.
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Channeling the spirit of Hawaii in the Okanagan, high-grade handcrafted strains by Choom™ are all about cultivating good times and good friends. Choom™ was inspired by the Choom Gang; a group of buddies in Honolulu during the 1970s. Now, after four decades, Choom is bringing the spirit of Hawaii to the Okanagan. The company is planting its flag in the rapidly growing legal cannabis industry in Canada with its own brand of high-grade handcrafted herb. For more information, visit the company’s website at www.Choom.ca.
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