Chuma Holdings, Inc. Chuma Holdings, Inc. and its wholly-owned subsidiaries provide turnkey financing and support solutions to the legal cannabis industry in California. It provides "seed to sale" business services, including funding and financing solutions; compliance consulting solutions; retail, collective, and dispensary solutions; banking and payment processing solutions; multichannel supply chain solutions; branding, marketing, and sales solutions; research and development solutions; consumer product solutions; and commercial production and equipment build out solutions. The company was formerly known as Cannamed Corporation and changed its name to Chuma Holdings, Inc. in August 2014. Chuma Holdings, Inc. is based in Glendale, California.
An Overview of Chuma
Chuma is a public company quoted on the OTCBB as CHUM. Chuma and our wholly-owned subsidiaries provide turnkey support solutions to the rapidly evolving and growing legal cannabis industry. We provide “seed to sale” key business services including:
- Funding & Financing Solutions
- Compliance Solutions
- Retail, Collective and Dispensary Solutions
- Commercial Build Out and Equipment Solutions
- Supply Chain Solutions
- Branding, Marketing and Sales Solutions
- Banking and Payment Processing Solutions
- Research and Development Solutions
- Consumer Product Solutions
To be the premier financing and turnkey support services company specializing in the legal cannabis industry in the U.S. Our goal is to build an array of turnkey solutions to open model dispensaries, production facilities, and product companies operating as community stewards for good business practice.
Our vision is to develop a more professional ecosystem within the cannabis industry, creating a better work environment for our clients, as well as creating improved patient experiences, and a clear choice for investors in the sector.
History and Developments
Chuma was incorporated in the State of Nevada on February 14, 2006, under the name of XTOL Energy Inc. We operated under several different names until March 20, 2014, when our Board of Directors approved an Agreement and Plan of Merger to merge with our wholly-owned subsidiary CannaMed Corporation, a Nevada corporation, to effect a name change to CannaMed Corporation. CannaMed remained the surviving company, and the name change became effective on April 7, 2014 and the symbol for the quotation of our common stock on the Over the Counter Bulletin Board became “MDMJ.OB”. Due to a potential trademark conflict with a non-related company operating under “Cannamed” in California, we effected a subsequent and final name change on August 29, 2014, to be known as Chuma Holdings, Inc. and the symbol for the quotation of our common stock on the Over the Counter Bulletin Board became “CHUM.OB”. Only the Company’s name was changed in the Articles of Incorporation. The new CUSIP number is 171326101.
1849 Holdings, Inc., a California corporation, is a wholly-owned subsidiary of Chuma. 1849, offers turnkey support services for the legal cannabis industry. Cal-Westridge Corporation is a wholly-owned subsidiary of 1849 Holdings, Inc. Accordingly; Cal-Westridge is an indirect, wholly-owned subsidiary of Chuma. Cal-Westridge is a financing, real estate and equipment lender focused on servicing compliant participants in the legal cannabis industry in California.
Management Team - Experience and a proven track record
Chuma‘s team has a deep and rich history of successfully working in California’s legal cannabis market. Over the last seven years, our team has worked with more than 500 dispensaries and production facilities to help our clients grow their business and operate in compliance of the constantly changing guidelines and laws. Chuma’s executive management team is responsible for establishing the strategic policy for the company with the committed goal of increasing shareholder value, and conducting our business true to our core values of compliance, ethics, and teamwork.
Our experienced management team has a combined thirty-five years of successful experience in the legal cannabis industry in California, and we are currently generating revenue from existing financing and service solutions. Chuma is expanding throughout California and bringing its array of services to each new state that legalizes the use of cannabis.
Director and CEO
Mr. Shapiro has over 18 years of experience in the financial services industry. He spent six years serving clients in Canada and the United States as an Investment Advisor at Canaccord Capital Corporation, Canada’s largest independent securities dealer. Mr. Shapiro specialized in venture capital financing and derivatives trading. Since 2002, Mr. Shapiro has assisted companies in areas of corporate finance and business development. Mr. Shapiro is a CEO and Director of several TSX-V companies and has a very successful track record raising capital internationally. Mr. Shapiro holds a Bachelor of Arts degree from the University of Western Ontario.
Director and President
Mr. Wright is a highly experienced senior business executive, whose 20 year career includes serving in a variety of senior executive and directorship positions, most recently as a director of a private marketing and advertising company. Over the course of his career, Mr. Wright has been an award-winning director for multi-national marketing and advertising companies. Mr. Wright has worked for businesses in Canada, the US, and the UK. He has been instrumental in formulating successful marketing strategies for clients such as Vonage, IBM, Akzo Nobel, Rogers, and Molson’s, to name a few. He has appeared on TV and lectured at universities on the subjects of marketing and business strategy. Mr. Wright is a graduate of Queens University, a former diver in the Canadian Navy and a member of the Professional Engineers of Ontario.
Director and CFO
Mr. Shively has over 26 years’ experience in corporate accountability and fiscal management with public and private companies. Over the past 26 years, he has served on the board of over a dozen non-profit and for profit entities and been involved in helping over 500 medical marijuana collectives develop their business entities. Quite frequently the “Who’s Who” of Los Angeles medical marijuana attorneys turn to Paul for case preparation. Paul earned dual Doctorates in Education and Corporate law and is a recognized Expert Witness in the Los Angeles Superior Court system and guest instructor in area universities as an expert in Corporate Code. During the course of his career, Mr. Shively has developed vast experience in taxation, nonprofit strategies, trademarks, corporate compliance and business acquisitions. Since 1996, Paul has founded and sold several companies to larger competitors. Selected transactions include: Pizza Bakers, Bankcard Service Center and Epayroll Network. Paul has served multiple terms as a Council Member for Neighborhood Councils in the City of Los Angeles and as a member of the Board of Directors of Woodland Hills Tarzana Chamber of Commerce, and as an Advisor to a State Assembly Task Force for Disaster Preparedness. Paul received a Commendation from the California Governor’s Office in 2004, and multiple commendations from the California State Assembly as well as the City and County of Los Angeles over the years.
Ms. Agnihotri has a background in Natural Sciences and a degree in Economics from Rutgers University. She began her professional career in Private Wealth Management for an ultra-high net worth boutique called Graystone, wholly owned by Morgan Stanley. In 2004 she began a private consulting business to develop startup ventures across various sectors. Over the last 10 years Ms. Agnihotri has created a very resourceful global network, having assisted many key personalities with various projects and companies globally. Amongst her other duties and responsibilities, Ms. Agnihotri is leading the Company’s banking and payment processing solutions, science initiatives and science community relations, and assisting our financing and fundraising efforts.
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Chuma Holdings, Inc.
350 North Glendale Avenue
Suite B #212
Glendale, CA 91206
Investor Info: [email protected]