North American Cannabis Economy Quickly Becoming Revenue Powerhouse as Industry Thrives

PALM BEACH, Florida, September 18, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

A constant in the North American economies has been the increasing presence of cannabis as the industry continues to mature and produce strong revenue outputs. In 2017, the United States alone generated over $9 billion in revenues. Canada has seen astronomical levels as well as the nation have embraced country-wide legalization. The industry continues to be poised for growth and consumers should not expect a decline anytime soon as investment in the space continues to rise as investors become increasingly confident in the political climate surrounding the market, as well as the overall consumer sentiment towards the various forms of cannabis use. This has created natural momentum that is allowing leaders in Cannabis to reinvest in operations in order to meet the rising levels of demand, as well as strengthen already impressive revenue streams. Active companies in the industry making moves to ready that include: Choom Holdings Inc. (CSE:CHOO) (OTC:CHOOF), Aurora Cannabis Inc. (TSX:ACB) (OTC:ACBFF), Canopy Growth Corporation (TSX:WEED) (NYSE:CGC), HEXO Corp. (TSX:HEXO) (OTC:HYYDF), The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (OTC:TGODF).

Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) BREAKING NEWS: Choom, an emerging, fully-integrated cannabis company, is pleased to announce that it has applied for a master retail license (the "License") in Manitoba's Request for Proposal ("RFP") to sell recreational cannabis coming October 17th. The License would give Choom the capability to operate retail cannabis stores within the province, as well as, an e-commerce platform.

Choom currently has secured the rights of up to 52 retail opportunities across western Canada. Choom's rapidly expanding provincial presence now stands at 29 leases in highly strategic and secure locations in Alberta with 28 applications submitted, in combination with 17 retail opportunities in B.C., and 6 retail opportunities in Saskatchewan. Choom also has received Development Permits in 11 municipalities and is in the process of its retail store buildouts.

Choom is executing an aggressive expansion plan to create a significant retail brand in the Canadian adult use market and is committed to developing and acquiring retail stores as a top priority. In all cases, the retail opportunities are subject to all necessary governmental and municipal approvals being granted. This number is expected to grow over the coming months as the Company is currently negotiating additional leases with the intention of submitting applications for retail licenses in multiple jurisdictions.