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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 Mar 31, 2022 5:35pm
177 Views
Post# 34564758

I found this article to be an accurate depiction of how I

I found this article to be an accurate depiction of how I see Choom but I do NOT see it hitting zero or being delisted, cause it  still makes money just not asmuch as we think it could  under the right management. All I can say it that if you can hold it just may all work out for us share holders.............This is the article......Well, a company does not go bankrupt because the value of the stock goes to zero (but, conversely, if a company does go bankrupt then that will cause the value of the stock to go to zero).

But, for publicly traded stocks, the value of the stock is what buyers and sellers will buy and sell it for in a liquid market. Now, usually that broadly reflects the company’s success, but not in absolute terms. This isn’t a video game. If a company has healthy cash flows and its income exceeds its expenditure, then even if its stock price completely tanked the company would continue trading happily. It’s stockholders would have lose money because the value of their shares went down. But the company’s P&L would be utterly untouched by any of that. It would continue to trade happily and profitably, albeit with a much reduced market capitalisation.

Just for the record, I should point out that it is almost impossible for a publicly traded company’s stock price to literally go to zero because the company would usually be delisted before that point.

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