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Choom Signs Memorandum of Understanding with Better Choice Company to have the Exclusive Distribution Rights to CBD Animal Health Products
Choom Signs Memorandum of Understanding with Better Choice Company to have the Exclusive Distribution Rights to CBD Animal Health Products.
About this update from Choom Hldgs Inc.
[{"type":"text","content":"\n\n\n\nChoom Signs Memorandum of Understanding with Better Choice Company to have the Exclusive Distribution Rights to CBD Animal Health Products\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\n\n\n\n\n\nChoom Signs Memorandum of Understanding with Better Choice Company to have the Exclusive Distribution Rights to CBD Animal Health Products\nPR Newswire\nVANCOUVER, March 28, 2019\n\n\n\nVANCOUVER, March 28, 2019 /PRNewswire/ - Choom Holdings Inc. (Choom™) (CSE: CHOO; OTCQB: CHOOF) (\"Choom\"), an emerging adult and medical use cannabis company that has secured one of the largest national retail networks in Canada, is pleased to announce that it has signed a memorandum of understanding (\"MOU\") with Better Choice Company, Inc. for the exclusive Canadian distribution rights to Better Choice's cannabidiol (\"CBD\") Bona Vida brand of products targeted for animal health and wellness once approved for sale in Canada. The terms of the MOU are not material.\n\n \n \n\n \nAccording to the American Pet Products Association, U.S. pet owners are estimated to have spent over $70 billion in 2018 on pet supplies, treatments and veterinary care.  As CBD pet products become more readily available and accepted, well positioned suppliers and distributors will be able to exploit the tremendous opportunities for growth in the CBD pet sales.\nBetter Choice ProductsUnder its Bona Vida brand, Better Choice offers a suite of CBD pet focused products in the form of oils and soft chews with several formulations designed to aid the state of good health and well-being in pets.  Bona Vida has formulations which specifically target animals Relaxation & Heart Support, Muscle & Joint, as well as, Skin & Body.\n\"We are excited that Better Choice has chosen us as their exclusive distributor in Canada for their pet focused CBD products,\" states Chris Bogart, President and CEO of Choom. \"We recognize the importance of growing our brand portfolio and having the sole distribution rights for Better Choice products helps us achieve that in an entirely new market on the horizon in pet use...