$CHOOF ---> Choom™ Announces Closing of $10.1 million Private Placement
VANCOUVER , June 18, 2018 /CNW/ - Choom™ (CSE: CHOO; OTCQB: CHOOF) (the "Company" or "Choom"
, an emerging fully-integrated cannabis company, is pleased to announce it has closed its previously announced non-brokered private placement ( June 13, 2018 ). The Company issued 14,225,352 shares for total gross proceeds of $10.1 million . Aurora Cannabis is the cornerstone investor in the placement with a lead order of $7 million . All securities issued are subject to a four month hold period.
"The financing provides us with the funds to accelerate the execution of our unique retail strategy moving forward." States Chris Bogart , CEO and President of Choom. "We are now well positioned to expand our production and retail footprint, as well as, pursue further opportunities across Canada ."
None of the securities issued in connection with the placement will be registered under the United States Securities Act of 1933, as amended (the "1933 Act" , and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there by any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.
SAY HELLO TO CHOOMTM
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.
About Aurora
Aurora's wholly-owned subsidiary, Aurora Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations ("ACMPR" . The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta , known as "Aurora Mountain", and a second 40,000 square foot high-technology production facility known as "Aurora Vie" in Pointe-Claire, Quebec on Montreal's West Island. In January 2018 , Aurora's 800,000 square foot flagship cultivation facility, Aurora Sky, located at the Edmonton International Airport, was licensed by Health Canada. Once at full capacity, Aurora Sky is expected to produce over 100,000 kg per annum of cannabis. Aurora is completing a facility in Lachute, Quebec utilizing its wholly owned subsidiary Aurora Larssen Projects Inc. ("ALPS" . ALPS provides comprehensive project services related to the design, engineering, construction support, compliance requirement, genetics, commissioning and maintenance of Aurora Standard production facilities across the globe.
The Company's wholly-owned subsidiary CanniMed Therapeutics Inc. ("CanniMed" is Canada's first licensed producer of medical cannabis, with over 20,000 kg per annum in funded capacity. Aurora also owns Berlin -based Pedanios GmbH, the leading wholesale importer, exporter, and distributor of medical cannabis in the European Union. The Company owns 51% of Aurora Nordic, which will be constructing a 1,000,000 square foot hybrid greenhouse in Odense, Denmark .
VANCOUVER , June 18, 2018 /CNW/ - Choom™ (CSE: CHOO; OTCQB: CHOOF) (the "Company" or "Choom"
, an emerging fully-integrated cannabis company, is pleased to announce it has closed its previously announced non-brokered private placement ( June 13, 2018 ). The Company issued 14,225,352 shares for total gross proceeds of $10.1 million . Aurora Cannabis is the cornerstone investor in the placement with a lead order of $7 million . All securities issued are subject to a four month hold period. "The financing provides us with the funds to accelerate the execution of our unique retail strategy moving forward." States Chris Bogart , CEO and President of Choom. "We are now well positioned to expand our production and retail footprint, as well as, pursue further opportunities across Canada ."
None of the securities issued in connection with the placement will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"
, and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there by any sale of the securities in any state where such offer, solicitation, or sale would be unlawful. SAY HELLO TO CHOOMTM
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.
About Aurora
Aurora's wholly-owned subsidiary, Aurora Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations ("ACMPR"
. The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta , known as "Aurora Mountain", and a second 40,000 square foot high-technology production facility known as "Aurora Vie" in Pointe-Claire, Quebec on Montreal's West Island. In January 2018 , Aurora's 800,000 square foot flagship cultivation facility, Aurora Sky, located at the Edmonton International Airport, was licensed by Health Canada. Once at full capacity, Aurora Sky is expected to produce over 100,000 kg per annum of cannabis. Aurora is completing a facility in Lachute, Quebec utilizing its wholly owned subsidiary Aurora Larssen Projects Inc. ("ALPS" . ALPS provides comprehensive project services related to the design, engineering, construction support, compliance requirement, genetics, commissioning and maintenance of Aurora Standard production facilities across the globe. The Company's wholly-owned subsidiary CanniMed Therapeutics Inc. ("CanniMed"
is Canada's first licensed producer of medical cannabis, with over 20,000 kg per annum in funded capacity. Aurora also owns Berlin -based Pedanios GmbH, the leading wholesale importer, exporter, and distributor of medical cannabis in the European Union. The Company owns 51% of Aurora Nordic, which will be constructing a 1,000,000 square foot hybrid greenhouse in Odense, Denmark . Engineer by trade & Swing Trader at Heart!
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