Bullboard - Stock Discussion Forum 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... see more

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GREY:CHOOF - Post Discussion

Choom Holdings Inc > Reality sets in @ CHOOM

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Post by theinvstore on Aug 01, 2020 8:24am

Reality sets in @ CHOOM

Investor presentation downgraded to a 3 year outlook of 32 stores in Canada; down from 105 (but there was no timeline on the previous reference to 105).

I'm ok with this and believe that COVID has negatively (or positively) impacted the count because they (Choom) see the online perspective. The aquisition of Phivida also enhance the online opportunity and I like it becuase it reduces overhead.

Here's to hoping the Phivida acquisiiton is the pathway to the U.S. - generating funds there to build out across North America.

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Comment by wheelsonthebuss on Aug 02, 2020 9:09am

with the share price continuing to fall - lets hope that there is something of value being done that will create a upswing in the share price ?????? Thats reality folks ... or investors will scramble !-(

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