Green View Magazine | December 2019
4 GREEN VIEW MAGAZINE DECEMBER 2019 Canada’s direct cannabis market will double to 11 billion Canadian dollars ($8.2 billion) in the next six years will rise from the current 5% to 12% by 2025. Active companies in the industry making moves to ready that include: Choom™ Holdings Inc. (OTCQB: CHOOF) (CSE: CHOO), Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), Fire & Flower Holdings Corp. (OTCPK: FFLWF) (TSX-V: FAF), Green Thumb Industries Inc. (OTCQX: GTBIF) (CSE: GTII), Trulieve Cannabis Corp. (OTCPK: TCNNF) (CSE: TRUL). The report concluded with “… additional product formats will be catalysts of growth…“Retail and distribution frameworks across Canada have been implemented at a slower pace than anticipated since legalization, diverting many consumers to the illicit market,” wrote the report’s author, Zachary Pendley, cannabis real estate and valuation leader. “However, as the industry matures, access to legal cannabis products increases and higher margin derivatives come online, we expect the Canadian direct cannabis market to grow by over 50% by 2025…Average annual spending per adult consumer for all cannabis products – both recreational and medical – is expected to grow from CA$1,200 this year to CA$1,600.” Choom™ Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) BREAKING NEWS: Choom™, an emerging adult use cannabis company that has secured one of the largest retail networks in Canada, is pleased to announce the appointment of Corey Gillon as President, effective August 26th, 2019. Gillon joins the company as a seasoned global retail executive to strengthen Choom’s management team as it prepares for rapid growth within the Canadian cannabis retail market. Gillon has a proven track record for delivering year over year revenue growth as a result of executional excellence, leveraging global best practices and customer- focused retail strategies. “I am excited to lead a growing part of the Choom business,” said Gillon, “particularly during such a dynamic and exciting period. Choom is building an iconic brand and I look forward to stewarding the expansion of the Choom cannabis retail network as it prepares for rapid growth within the Canadian cannabis retail landscape.” https://www.financialnewsmedia.com/news-choo OPENING LINES
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