Replies to post #1011 on Choom Holdings Inc. (CHOOF)

[Etailer]

Yeah but where is the proof that they are taking a equity stake in one of the approved companies. Although it would be prudent if it was one of the companies. I did not see the name of the company in which they are buying into therefore its difficult to confirm that it is one of the approved ones.

[Letsgo18]

Not sure going to have to research deep on this I bold the key words to look at to help find the NJ company

The NJ Company is advancing on its retail store strategy in New Jersey with the intention of receiving licenses to operate the maximum allowable cannabis stores for medical and eventually adult use when formally approved by the State. With these licenses, the NJ Company intends to create a network of branded stores using Choom’s medical brand, Clarity Medical Centres, or Choom (“Choom Brands”) for its recreational retail stores in the future. Choom will assist the NJ Company in this highly regulated market for the buildout and operations of cannabis retail stores. Choom will receive a royalty from the NJ Company for the use of the Choom Brands. Choom’s investment in the NJ Company includes pro rata rights to maintain its equity interest on future financings.