Chuma Holdings, Inc. (OTCBB: CHUM) (“Chuma” or “the Company”) is pleased to announce that it has contracted Capital Canada Limited (“Capital Canada”) to act as its exclusive Canadian Financial Advisor in connection with raising equity financing for Chuma from Canadian investors.
Capital Canada is a recognized leader in providing investment banking services to predominantly mid-market companies. For over 35 years, it has focused on providing clients with financial advisory services, including equity private placements.
Capital Canada will provide Chuma with ongoing access to Canadian investors and institutions. Capital Canada will manage Chuma’s capital raise in the Canadian marketplace on a best effort basis, coordinate meetings with potential investors and institutions, evaluate proposals, and ensure the timely closure of Chuma’s financing opportunities. The engagement between Chuma and Capital Canada is for a period of one (1) year and subject to renewal by the parties’ mutual agreement.
“Canadians are familiar with our regulated marijuana industry. We are looking forward to presenting Chuma’s unique business strategy to savvy Canadian investors.” said Chuma President Kevin Wright, “To date we have seen very few publically-listed, American companies that allow Canadian investors the opportunity to gain exposure to US legal medical marijuana opportunities. As a Canadian, I have seen the solid rise in interest in this sector in Canada. I believe the Chuma model, in the billion dollar California medical marijuana market, offers a similar opportunity.”
Mr. Jack Steckel, Managing Director, Capital Canada stated “the Chuma business model provides financing and service solutions to lawfully organized medical marijuana companies that offers investors a business driven value proposition. Chuma has a ‘meat and potatoes’ financial model our investors will understand and endorse. We are looking forward to working with the top caliber team at Chuma to bring this story to the Canadian investment community.”
The appointment of Capital Canada as the exclusive Canadian financial adviser to Chuma took effect October 3, 2014 which then included prerequisite due diligence and tours of the Company’s dispensary and production contracts, and meetings with key management. Capital Canadaperformed and managed the due diligence process including operational, financial, and corporate governance reviews of Chuma.
Interested Accredited Canadian investors are invited to contact Mr. Steckel. Proceeds of the financing will be applied to Chuma’s ongoing business development operations in the legal California medical marijuana market.
About Chuma Holdings Inc.
Chuma (CHUM) and our wholly-owned subsidiaries provide turnkey financing and support solutions to the rapidly evolving and growing legal cannabis industry. We provide “seed to sale” key business services including financing, compliance consulting, dispensary solutions, banking and payment processing solutions, and marketing and sales consulting. Chuma’s experienced team has over thirty-five years combined experience in the lawfully organized cannabis industry in California, and we are currently generating revenue from existing financing and service solutions. We are planning on expanding throughout California and bringing our array of services to each new state that legalizes the use of cannabis. For more information, please visit www.chuma.us.
About Capital Canada Limited
Capital Canada Limited is an independent investment banking firm providing expert, financial advice to corporations with a focus in the private capital markets. Capital Canada brings to bear the application of innovative and independent financial skills, targeted towards the unique characteristics of its clients. Capital Canada recognizes that effective corporate finance requires evaluation of financial needs, an understanding of corporate goals, awareness of market attitudes, knowledge of funding sources, as well as an ability to develop the best financial structure for each client. For over 35 years, Capital Canada has built a reputation for performance with one clear goal: complete the best transaction for the client. For more information, please visit www.capitalcanada.com.
Safe Harbor Statement
This release contains “forward-looking statements” that include information related to future events and future financial and operating performance. The words “may”, “would”, “will”, “expect”, “estimate”, “can”, “believe”, “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the ability of Chuma to secure appropriate funding to implement its business plan, the demand for Chuma’s services, Chuma’s ability to maintain customer and strategic business relationships, the regulation of legal cannabis on both state and federal levels, the impact of competitive products and pricing, growth in targeted markets, and other information that may be detailed from time-to- time in Chuma’s filings with the United States Securities and Exchange Commission. Chuma undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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