Vancouver-based brand Choom™ (CSE: CHOO; OTCQB: CHOOF) expands nationwide retail presence with first Ontario store in Niagara Falls Next Major Cannabis Rush Starts Now

Next Major Cannabis Rush Starts Now
 
Don’t let the slump in cannabis stocks fool you, the next great cannabis rush is heating up.
 
Cannabis stocks have entered their usual “Summer Slump.”
 
The North American Marijuana is down 24% in the last six weeks.
 
But the downturn is actually a good thing for Seed Investors.
 
The Seed Investor warned back in early May in The Best Time To Buy Marijuana Stocks In 2019 Is Almost Here:
 
There’s a potential big dip for the world’s largest marijuana companies this summer.
 
The “big dip” is here and everything is playing out just as we expected.
 
We’re a bit excited this dip because it’s setting up what could be one of the biggest runs in cannabis stocks history.

And the upcoming catalyst is why we’re talking time out today to make sure you see the latest news from Choom Holdings (CSE:CHOO / OTC:CHOOF).

Here’s how it all ties together.

 
Last Time This Happened Cannabis Stocks Jumped 58% In Three Months
 
In the Seed Investor’s earlier warning of a cannabis stock correction, we noted how any dip in cannabis stocks over the summer would end up being the “dip before the rip.”
 
The reason we expected this was because one of the most predictable and explosive catalysts to sending cannabis stocks higher is months away.
 
A few months is an eternity for Wall Street and we see an opportunity to turn their short-term thinking attitude into our reward.
 
That’s why we’re increasingly focused on Canadian cannabis.
 
As you’re well aware by now, Canada became the first major economy to fully legalize cannabis use in October 2018.
 
The North American Marijuana Stock Index soared in anticipation of the historic event.
 
After the cannabis sector went through a “Summer Slump” that mirrors the current dip, Canadian cannabis stocks took a major turn as the Canadian legalization catalyst neared.
 
All told, the Index jumped 58% between the August bottom and legalization in October.
 
And that 58% move was just the Index.
 
Many cannabis stocks doubled, tripled, or more over that same brief period.
 
Now it’s shaping up to happen all over again.
 
The Dip Before The Rip
 
The reason it all could happen again is because although Canada fully legalized recreational cannabis, it only set regulations for cannabis flower that’s used by smokers.
 
If you look at long-established legal cannabis markets in Colorado and the state of Washington, the smokable flower market is only about half of the overall cannabis market.
 

The other half of the market is extract-based products which are created by taking the concentrated cannabis oil that’s extracted from cannabis flower and infusing it into vape oil, edibles, beverages, and all types of products.
 
These extract-infused products account for half of the cannabis markets where they’ve been legalized.
 
As a result, Canada really only fully legalized half the potential cannabis market…and, it’s still on its way to becoming a multi-billion dollar industry.
 
The final regulations which allow extract-infused product sales are to go into effect later this year on. We expect the regulations to be completed on or around the one-year anniversary of the initial legalization. So, October 2019.
 
If we let history be our guide, we’re going to see another major run in Canadian cannabis stocks and the time to really load up is during the current summer slump.
 
In the end, it’s a bit of a contrarian move to buy cannabis stocks this summer, but the rewards should be well worth by the end of the year.
 
It’s time to start targeting the Canadian cannabis companies which are going to be in best position to make the most of this sweeping change to the industry.

High Profits,

The Seed Investor
 
P.S. Although it doesn’t feel like it at the moment, it’s an exciting to be a cannabis investor.
 
The next big catalyst for cannabis stocks will be here before you know it.
 
Extract-infused products are about to be unleashed on the Canadian cannabis industry. It will be here before you know it. And you want to be in position before it comes.

That’s why the Seed Investor wants to make sure you understand how big the news for Choom Holdings (CSE:CHOO / OTC:CHOOF).

And how it all fits into a big opportunity for all cannabis investors.
 
Take a look at the news again right here.

READ FULL RELEASE BELOW

Vancouver, BC – June 14, 2019 – Vancouver-based cannabis brand Choom™ (CSE: CHOO; OTCQB: CHOOF) unveils its retail concept and experience tomorrow in Niagara Falls, Ontario. As one of 25 cannabis stores authorized to open in in the province, Choom Niagara provides a curated selection of premium products in an immersive environment designed to elevate and empower consumers.
 
In addition to holding distinction as Niagara Falls’ first cannabis store, Choom Niagara represents the brand’s debut retail presence in Ontario. With a store firmly established in the key Ontario market, Choom will continue its nationwide rollout, supporting the company’s overarching goal to secure one of the largest cannabis retail networks in North America.
 
Choom Niagara carries a diverse range of products, from dry flower and pre-rolls, to oils and capsules. All items are selected from a wide range of Canadian licensed producers, with the product portfolio strategically curated to ignite customer curiosity and encourage cannabis exploration.
 
Store associates have undergone stringent cannabis sommelier training, ensuring clients receive expert customer service customized to their specific needs. The store’s intuitive aesthetic, designed by commercial architect and interior design firm Hodgson Design Associates, achieves a relaxed and inviting environment, seamlessly guiding visitors through displays of THC-dominant, CBD-dominant and balanced products. Toronto businesswoman, Lisa Bigioni, was selected from a lottery of qualified candidates to own and manage the store.
 
“I’m delighted to serve the Niagara community, and can’t wait to hit the ground running,” said Bigioni. “My goal is for the store to become an indispensable resource for cannabis education and support for the local community. Choom’s extensive experience in regulated industries provides invaluable insight on store operations, and together we’ll deliver a cannabis retail experience the city can be proud of.” 
 
“We are thrilled to open our first store in Niagara Falls, and look forward to becoming an active member of the local community,” said Chris Bogart, President and CEO of Choom. “By crafting an approachable experience that encourages exploration and education, we hope to bring both residents and visitors together to cultivate good times.”
 
Choom Niagara is located at 7555 Montrose Rd., Unit E3, Niagara Falls, Ontario. Opening hours are 10am – 8pm (Monday to Wednesday), 10am – 10pm (Thursday to Saturday) and 11am – 6pm (Sunday). For more information, visit choom.ca.
 
Say hello to Choom™
Choom™ is an emerging adult use cannabis company whose mission is to establish one of the largest retail networks in Canada and the United States. 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 caters to the Canadian adult use market with the ethos of ‘cultivating good times’. Choom™ is focused on delivering an elevated customer experience through our curated retail environments, offering a diversity of brands for Canadians across a national retail network. 
“Chris Bogart”
President & CEO
 
Contact: Choom Holdings Inc.
 
Chris Bogart
President & CEO
T: 604.683.2509
F: 604.683.2506
E: chris@choom.ca
 
Alex Porporo
Investor Relations
T: 604.683.2509 Ext. 231
F: 604.683.2506
E: alex@choom.ca
 
Media Contacts:
Russell Cafferty
Nine Point Agency
T: 778.939.3545
E: Russell@ninepointagency.com

READ ORIGINAL RELEASE

Cautionary Statement:
 
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
                 
Forward-looking information           
This news release contains forward-looking information relating to the Company’s proposed activities and other statements that are not historical facts. Forward-looking information relates to management’s future outlook and anticipated events or results, and include statements or information regarding the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with or arising as a result of delays in obtaining or an inability to obtain required regulatory approvals, access to sufficient quantities of cannabis, the results of diligence investigations, the actions of third parties, the results of negotiations with third parties, developments in the cannabis sector, the ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or other reports and filings, including those made with the CSE and applicable Canadian securities regulators. There can be no assurance that such forward looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.

 


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