Choom (CSE:CHOO; OTCQB:CHOOF) secured the rights to an additional eight retail locations in Alberta, increasing the total to 17 applications in the approval process with the Alberta Gaming and Liquor Commission.
As quoted in the press release:
These retail store locations are subject to licensing by the AGLC and the receipt of all other necessary governmental approvals. This follows the Company’s news release regarding the build-out of its cannabis retail store network, disseminated April 17, 2018.
A strong retail footprint will be instrumental in determining the brands that thrive in this new economy and Choom™ will be poised to capitalize on the coming wave of cannabis distribution with our retail strategy.
“Our goal is to secure significant market share where private cannabis retail stores are permitted. Increasing our footprint in Western Canada naturally strengthens our reach to consumers,” states Chris Bogart, president and CEO of Choom.