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 > Testing lows.

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Comment by BadgerUSAon Sep 25, 2020 6:19pm

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RE:RE:Testing lows.

if I remember the basic details of the acquisition. It was mostly done through issuing shares. Which diluted the value of the current Choom shareholders. Secondly Choom immediately raise cash debt on the new company. Both of these companies were burning through cash. Choom had made the statement that they will leverage the value of the two companies to raise funds. I think this was their only option to raise money. Outside funding has dried up.

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