veryone Wants a Piece of Choom Holdings Inc (OTCMK
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Posted On: 06/15/2018 10:19:49 AM
veryone Wants a Piece of Choom Holdings Inc (OTCMKTS: CHOOF)
By James Hudson - June 14, 2018
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One of the most obvious dynamics in play right now in the cannabis space is the aggressive deployment of cash by the big fish in a mad scramble to own a dominant slice of the overall production capacity “pie” in the space, a dynamic once again exemplified this week by Choom Holdings Inc (OTCMKTS: CHOOF), a minnow with “rising talent” potential that is suddenly on everyone’s radar.
The company just announced a non-brokered private placement for gross proceeds of up to $10,000,000, including a $7,000,000 lead order from Aurora Cannabis Inc (OTCMKTS:ACBFF). According to the release, “the private placement will consist of up to 14,084,507 common shares at a price of $0.71 per share and is expected to close on June 18, 2018.”
Choom Holdings Inc (OTCMKTS: CHOOF), together with its wholly-owned subsidiary, Medi-Can Health Solutions Ltd., a cannabis production license applicant under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR), intends to develop a unique lifestyle brand for cannabis for Canada’s emerging cannabis market
Moreover, the company engages in cultivating and selling cannabis for medical purposes and related products under the Choom brand name.
The company was formerly known as Standard Graphite Corporation and changed its name to Choom Holdings Inc. in November 2017. Choom Holdings Inc. was incorporated in 2006 and is based in Vancouver, Canada.
According to company materials, “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.”
By James Hudson - June 14, 2018
SHARE Facebook Twitter
One of the most obvious dynamics in play right now in the cannabis space is the aggressive deployment of cash by the big fish in a mad scramble to own a dominant slice of the overall production capacity “pie” in the space, a dynamic once again exemplified this week by Choom Holdings Inc (OTCMKTS: CHOOF), a minnow with “rising talent” potential that is suddenly on everyone’s radar.
The company just announced a non-brokered private placement for gross proceeds of up to $10,000,000, including a $7,000,000 lead order from Aurora Cannabis Inc (OTCMKTS:ACBFF). According to the release, “the private placement will consist of up to 14,084,507 common shares at a price of $0.71 per share and is expected to close on June 18, 2018.”
Choom Holdings Inc (OTCMKTS: CHOOF), together with its wholly-owned subsidiary, Medi-Can Health Solutions Ltd., a cannabis production license applicant under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR), intends to develop a unique lifestyle brand for cannabis for Canada’s emerging cannabis market
Moreover, the company engages in cultivating and selling cannabis for medical purposes and related products under the Choom brand name.
The company was formerly known as Standard Graphite Corporation and changed its name to Choom Holdings Inc. in November 2017. Choom Holdings Inc. was incorporated in 2006 and is based in Vancouver, Canada.
According to company materials, “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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