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Choom Holdings Inc CHOOF

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.


GREY:CHOOF - Post by User

Post by CANNABISCANADAon Jul 30, 2021 5:56pm
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Post# 33635944

GREAT READ

GREAT READCanadian Cannabis Sales Doubled In 2020, Topping $2.5 Billion

Last year saw triple-digit growth in Canada’s adult recreational cannabis market. According to the Brightfield Group’s “Canadian Cannabis Market” report in April, this was largely powered by:

  • Increased brick-and-mortar retail access – especially in Ontario, BC, and Quebec
  • An expansion in online e-commerce and click-and-collect offerings
  • Price-points that have become more competitive with the illicit market
  • Retailers and consumers adapting to the COVID pandemic context, prompting vast growth despite an unprecedented backdrop of lockdowns and store closures.
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