Choom Holdings Inc CHOOF

Healthcare Cannabis

Choom Holdings Inc. is a Canada-based retail cannabis company, which is established as store networks in Canada. The Company’s Choom brand is inspired by Hawaii's Choom Gang, a group of buddies in Honolulu, who loved to smoke weed or, as the locals call it, Choom. The Choom Gang pursued a ‘live in the moment’ lifestyle and their energy has helped shape the Choom culture, which is rooted in the shared belief of cultivating time with friends. The Company is focused on delivering an elevated customer experience through its curated retail environments, offering a diversity of brands for Canadians across a national retail network. The Company operates through two segments: Retail Cannabis and Corporate Operations. The Company’s business strategy is to build retail cannabis chains, with locations across Canada in the provinces that allow for private retailers.

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Choom Holdings Inc

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Comment by QcTraderon Dec 16, 2019 2:58pm

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Post# 30460364

RE:RE:Double Edged Sword

Added sine $CHOOM despite their cash position in the bank, im sure they grabbing ontario by the horns soon.

QcTrader wrote:

Double edged sword?

have you read the Ontario announcement?

there is a cap on 75x that applies to EVERYONE involved in retail.

what is GREAT for CHOOM imo, is the LP ownership allowed increased to 25% instead of 9.9% this greatly favors CHOOM who has ACB as an investor.

Another important element that also does favor CHOOM but many other smaller retailers... is the fact that your only allowed to open 10 stores for basicaly the first year... (until sept 2020)

after 30 stores until sept 21, and then 75x stores total.

Why does it favor CHOOM and the other small retailers? Because they dont have to rush-out to capture their market share.

Assuming there would be no cap on retailers..... $FAF fire and flower with the capital in the bank and $CLIQ with their capital in the bank would have captured the biggest chunk of the Ontario market.

Thankfully this is not the case and everyone is max out at 10 stores for first yr.

CHOOM for the win

theinvstore wrote: For Ontario the new rules (allowing any individual company to own up to 75 stores) is indeed great news. However, how will this play out for Choom?

With a MAX of 75 stores in Ontario - limits growth and is not all out open market.

Interested to learn Choom's strategy here... are they opting for 75 store application son January 6th ?