VANCOUVER, Aug. 13, 2019 /CNW/ - PRESS RELEASE - Choom, an emerging adult-use cannabis company that has secured one of the largest national retail networks in Canada, has announced that it has signed a purchase agreement to acquire Ninetails Cannabis Inc., a licensed cannabis retail store in Whitehorse, Yukon.
Ninetails is located in Whitehorse's downtown area at 204 Main St. Upon closing of the acquisition and receiving the necessary regulatory approvals from the Yukon Liquor Corporation (YLC), the Ninetails store will be opened as a Choom-branded store once it has completed construction.
"We are excited for our cannabis retail network to expand into the Yukon," states Chris Bogart, president and CEO of Choom Holdings Inc. "We have identified the Yukon as a largely underserved cannabis market opportunity which falls in line with our aggressive expansion strategy across Canada. Consumers in the Yukon can expect style and sophistication accompanied by knowledgeable staff in a welcoming retail environment, consistent with the Choom look and feel we're rolling out across the rest of our retail network."
