British Columbia-based cannabis cultivation firm Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) is currently planning its expansion strategy as the end of cannabis prohibition in Canada approaches. An article discussing the company reads: “According to the company’s investor presentation made in November, by 2021, the recreational marijuana industry that Choom™ Holdings exclusively aims to serve is expected to be almost eight times the size of the medical marijuana industry, which is served by Choom’s Medi-Can Health Solutions Ltd. subsidiary, with benefits spilling over into the tourism industry, governmental tax and licensing coffers, and paraphernalia manufacturing market. Its nimble business model aims to be ready from the ground up to adapt to the changing cannabis landscape as recreational use becomes legal. Choom™ has a planned production facility capable of putting out 660 kg of dried cannabis per year and plans a second phase expansion that would take it to 2,400 kg per year at two British Columbia locations. Choom™ obtained C$2.7 million in financing through a non-brokered private placement in February, following on another $1 million raised to advance its efforts in December shortly after the company began trading on the Canadian Securities Exchange and shortly before beginning trading on the OTCQB exchange in the United States.”
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About Choom™
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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