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Posted On: 04/19/2018 7:16:58 PM
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NetworkNewsBreaks – Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) Inks Definitive Agreement to Acquire Island Green Cure Ltd.
British Columbia-based cannabis cultivation firm Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) this morning announced that it has entered into a definitive agreement to acquire Island Green Cure Ltd. (“IGC”), an advanced-stage cannabis production license applicant under Health Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”). IGC is currently in the “Confirmation of Readiness Stage” in the application process. Subject to customary closing conditions, the acquisition is anticipated to close at the end of April. “We are excited to secure our second acquisition and increase our total production capacity with another craft growing facility to cultivate Choom’s premium handcrafted flower. Upon completion of the tenant improvements, IGC will submit its evidence package to Health Canada and it is expected to receive a cannabis cultivation license soon after. This acquisition further demonstrates our commitment to building a national premium recreational brand,” Choom Holdings president and CEO Chris Bogart stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
British Columbia-based cannabis cultivation firm Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) this morning announced that it has entered into a definitive agreement to acquire Island Green Cure Ltd. (“IGC”), an advanced-stage cannabis production license applicant under Health Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”). IGC is currently in the “Confirmation of Readiness Stage” in the application process. Subject to customary closing conditions, the acquisition is anticipated to close at the end of April. “We are excited to secure our second acquisition and increase our total production capacity with another craft growing facility to cultivate Choom’s premium handcrafted flower. Upon completion of the tenant improvements, IGC will submit its evidence package to Health Canada and it is expected to receive a cannabis cultivation license soon after. This acquisition further demonstrates our commitment to building a national premium recreational brand,” Choom Holdings president and CEO Chris Bogart stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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