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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 ggrelletteon Apr 25, 2022 2:06pm
210 Views
Post# 34629701

Major ROLLBACK is coming..........

Major ROLLBACK is coming..........This company will WANT to rollback the shares MOST definitely. The rollback will be 10 for 1 is definite but it could be even more. The question becomes is the mgt. going to do it without shareholder approval. If they go to the shareholders for approval there will have to be something on the table that mgt can use to convince existing shareholders to go along with the rollback(RSS). Now they(mgt.) can hope a rebound in the share price occurs first but it definitely does not lok like that is going to happen. The question becomes is do they have enough money going forward because if they try to finance further the financiers will laugh and tell them ROLLBACK FIRST.
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