Business
Choom™ Signs Definitive Agreement to Acquire Island Green Cure
Choom™ Signs Definitive Agreement to Acquire Island Green Cure.
About this update from Choom Hldgs Inc.
[{"type":"text","content":"\n\n\n\nChoom™ Signs Definitive Agreement to Acquire Island Green Cure\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 Definitive Agreement to Acquire Island Green Cure\nCanada NewsWire\nVANCOUVER, April 19, 2018\n\n\n\nVANCOUVER, April 19, 2018 /CNW/ - Choom™ (CSE: CHOO; OTCQB: CHOOF) (the \"Company\" or \"Choom\"), a fully-integrated lifestyle cannabis company, announced today 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). Island Green Cure Ltd, which is located on Vancouver Island, B.C., is at the \"Confirmation of Readiness Stage\" under the Health Canada administered ACMPR application process.\n\n\n \n \n\n \nChris Bogart, President and CEO states, \"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.\"\n\nThe closing of the acquisition is expected at the end of the month, subject to customary closing conditions. The financial terms of acquisition were previously disclosed in the Company's news release of January 18, 2018.\n\nSAY HELLO TO CHOOMTM\n\nChoom™ was created for and inspired by the Choom Gang; a group of buddies in Honolulu during the 1970's who loved to smoke weed—or as the locals called it, \"Choom\". Now, after four decades, Choom™ is bringing the spirit of Hawaii to Canada. Choom™ is 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 consume...