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Aurora Cannabis Increases Cornerstone Investment in Cannabis Retailer Choom with Additional $20,000,000
Aurora Cannabis Increases Cornerstone Investment in Cannabis Retailer Choom with Additional $20,000,000.
About this update from Choom Hldgs Inc.
[{"type":"text","content":"\n\n\n\nAurora Cannabis Increases Cornerstone Investment in Cannabis Retailer Choom with Additional $20,000,000\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n\n\n\n\n\n\nAurora Cannabis Increases Cornerstone Investment in Cannabis Retailer Choom with Additional $20,000,000\nCanada NewsWire\nEDMONTON and VANCOUVER, Nov. 5, 2018\n\n\n\nAurora secures right to increase ownership to 40% of Choom at $2.75 per common share\n EDMONTON and VANCOUVER, Nov. 5, 2018 /CNW/ - Aurora Cannabis Inc. (\"Aurora\") (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and Choom Holdings Inc. (\"Choom\") (CSE: CHOO; OTCQB: CHOOF) ( \"Choom\") an emerging adult use cannabis company that has secured one of the largest retail networks in Canada, are pleased to announce that the companies have completed a non-brokered private placement of a debenture (the \"Offering\") in the principal amount of $20,000,000 in Choom by Aurora, convertible into common shares of Choom (\"Common Shares\") at a conversion price of $1.25 per Common Share, with a four year maturity date. Aurora has also secured the right to acquire up to 40% of the Company at $2.75 per Common Share.  \n\n \n \n\n \nChoom is currently developing a network of retail stores which will feature a curated selection of products from various licensed producers with a strong focus on elevated customer experiences. Choom has secured the rights to 45 retail opportunities across Western Canada, rapidly expanding its commercial presence in highly strategic locations. This includes a total of 45 applications submitted, with 27 development permits and 18 building permits received from the various municipalities. In all cases the retail opportunities are subject to the necessary provincial and municipal ...