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Bullboard - Stock Discussion Forum 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... see more

GREY:CHOOF - Post Discussion

Choom Holdings Inc > Will this do anything for Choom
View:
Post by CANNABISCANADA on Aug 10, 2020 6:00pm

Will this do anything for Choom

Ontario pot shop owners selling stores back to corporate partners
Those lucky winners of the initial cannabis retail licence lotteries in Ontario appear to be selling their shops to their larger, corporate partners, The Canadian Press reports. The stores are changing hands after restrictions preventing companies from owning off-site retail locations were lifted in December. Since then, several retailers such as Choom and Fire & Flower, have outright bought the licensed stores from lottery winners in a land-race to buy as many outlets as they can in the early days of Canadian recreational cannabis. There are more than 115 cannabis retailers operating legally in Ontario. 
Comment by BadgerUSA on Aug 10, 2020 9:06pm
you would think the retailers in Ontario would benefit. There are 115 cannabis retailers in Ontario. That's roughly 122,000 population per retail location. Florida has 250 cannabis retailers with roughly 84,000 population per location. One would think that the retailers in Ontario should be earning a lot more than the retailers in Florida.
Comment by wheelsonthebuss on Aug 12, 2020 8:16am
the snowbirds smoke more then anyone - with the boarder closed things should show improvements for CND retailers ,,,,,,,,,,,,,,,,,,,,,,, lots of traffic in the Falls ,,,,,,,,,, GO CHOOM GO already !!!!!!!!!!!!!
Comment by theinvstore on Aug 12, 2020 4:43pm
Given the current "covid" situation combined with the expansion of online sales and acquisition and application of Phivida developed online platforms. Is it not a "valid" business decision to reduce brick and mortar store development?  why expand now when i it is highly likely we will revert to level 2 covid. Itnis highly likely individually owned stores opened just ...more  
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