British Columbia-based cannabis cultivation firm Choom Holdings (CSE: CHOO) (OTCQB: CHOOF) this morning announced that it is closing its acquisition of Specialty Medijuana Products Inc. (“SMP”) today in accordance with an amended and restated amalgamation agreement among Choom, Arbutus Brands Inc. and International Tungsten Inc. The acquisition substantially improves and advances the company’s operational scale and production capacity. “We are excited to add SMP to the Choom group of companies under our Arbutus Brands subsidiary,” Choom Holdings president and CEO Chris Bogart stated in the news release. “Arbutus Brands will add value to the entire Choom supply chain, from seed to sale. The synergies among our Choom companies will make for an extremely bright and exciting future as we approach the legalization of the recreational cannabis market in Canada.”
To view the full press release, visit http://cnw.fm/1Uwlg
SAY HELLO TO CHOOM™
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, the brand is synonymous with cultivating good times with good friends. The company is focused on delivering an elevated customer experience through its curated retail environments, high-grade handcrafted cannabis supply, and a diversity of brands for the Canadian recreational consumer. For additional information on Choom™, please visit www.choom.ca.
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