Marijuana - Companies & Stocks

[Hunchbackgeek]

ACB Aurora Cannabis......

Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), one of the world’s largest and leading cannabis companies, recently provided an update on its strategic investment in Choom Holdings Inc. (CSE: CHOO)—an emerging consumer cannabis company that has secured one of the largest retail networks in Canada.

Since Aurora’s $27 million investments in Choom (which included a private placement in June 2018 and a convertible debenture offering in November 2018), Choom has secured 22 additional cannabis retail opportunities in Alberta and British Columbia. And with the acquisition of Clarity Cannabis Retail Stores, Choom has gained another 30 potential retail locations across Alberta—3 of which have already been licensed by the Alberta Gaming, Liquor & Cannabis Commission (AGLC).

To date, Choom has completed the buildouts of 17 retail locations in Western Canada with 8 other retail locations currently under construction. Despite Choom’s vast potential retail reach, Aurora notes that all of Choom’s current retail opportunities are subject to provincial regulatory approvals.

https://ih.advfn.com/stock-market/NYSE/aurora-cannabis-inc-ACB/stock-news/79596010/the-top-5-cannabis-retail-brands-in-canada





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