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 > Choom management

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Post by BadgerUSAon Jul 30, 2020 9:44am

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Choom management

Good news is not store openings or purchasing companies. Those are both either burn rates of cash or dilution of share holder value. Until this management team releases quarterly financials, same store sales reports, burn rate of cash, all the rest means squat. Like most cannabis companies, high burn rate, poor management teams, and lack of visibility, Thus company does not follow gap accounting, or any of the requirements to be on a reputable stock exchange. So management can essentially do just about anything they want. That's why there isn't any solid financial news.

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