Choom Enters into LOI with Cannabis Retail Store Applicant

| February 13, 2019

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Choom is pleased to announce that it has entered into a letter of intent agreement ("LOI") with one of the 25 Cannabis Retail lottery winners to open a location in Ontario. Choom, an emerging adult use cannabis retailer, is building out one of the largest retail cannabis networks in Canada. The LOI is with a winner of one of the 25 retail opportunities to apply for a license to operate a cannabis retail store granted as a result of the Alcohol and Gaming Commission of Ontario's ("AGCO") Expression of Interest Application Lottery conducted on January 11, 2019. "Being able to get an early start to establish Choom's presence in the private retail market in Ontario through an agreement with a lottery winner is a remarkable milestone for Choom. We are thrilled that the lottery winner chose Choom to help them successfully open and operate a retail cannabis store in Ontario." stated Chris Bogart, President and CEO of Choom. "With our branding and execution, consumers can expect a unique experience accompanied with knowledgeable staff, style, and sophistication reflected throughout the store design.

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