GREY:CHOOF - Post by User
Comment by
DumbCanuckon Nov 26, 2020 1:36pm
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Post# 31982040
RE:RE:RE:RE:This is what you should be looking at in the article
RE:RE:RE:RE:This is what you should be looking at in the article Bailed this morning taking out the last of the .07 bids
Feel bad for longs. I've followed this since it was re-branded & Forbes was CEO.
Simply put the current group has no idea what they're doing. Rather than focus on opening as many stores as they could, they wasted money branding themselves out of business. Quality over quantity is the WRONG APPROACH - they're smoking the product if they can't understand people are used to buying weed in parking lots & back ally's! They don't need large multi million $ stores with surf boards on the walls, just locations with some weed & the ability to sell it.
It's now every man for himself at Choom. They can't afford to buy their way out of the mess they've created & at this point financing would mean too much dilution. You'd have to be a brain dead to put real $ into this with all the opportunities out there.
This story's over folks - get out while you can.