Choom Holdings Inc. — Board/Management Information 2021

Feb 10, 2021

MATERIAL CHANGE REPORT

1. Name and Address of Company

Choom Holdings Inc. (“ Choom ” or the “ Company ”) #208 – 1525 West 8th Avenue Vancouver, BC V6J 1T5

2. Date of Material Change

February 1, 2021

3. News Release

The news release was disseminated through Globe Newsire on January 29, 2021 and filed on Choom’s profile on SEDAR.

4. Summary of Material Change

Effective February 1, 2021 Dylan Murray was appointed Chief Financial Officer.

5. Full Description of Material Change

On January 29, 2021 Choom announced As part of Choom’s strategic growth planning, Dylan Murray, Choom’s current Vice President of Finance, will step into the role of Chief Financial Officer, with Terese Gieselman stepping down as CFO and continuing in the capacity of Corporate Secretary.

6. Reliance on subsection 7.1(2) of National Instrument 51-102

This report is not being filed on a confidential basis.

7. Omitted Information

No information has been omitted in respect of the material change.

8. Executive Officer

For further information, please contact: Dylan Murray, CFO Telephone: 604-683-2509

9. Date of Report.

February 9, 2021

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Cautionary Statement on Forward-looking information

This news release contains forward-looking information relating to the Company's proposed activities and other statements that are not historical facts. Forward-looking information relates to management's future outlook and anticipated events or results and includes statements or information regarding the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with or arising as a result of delays in obtaining or an inability to obtain required regulatory approvals, access to sufficient quantities of cannabis, the results of diligence investigations, the actions of third parties, the results of negotiations with third parties, developments in the cannabis sector, the ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings, including those made with the CSE and applicable Canadian securities regulators. There can be no assurance that such forward looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.

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