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.

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Choom Holdings Inc

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Post by Wagzbullmaxon Nov 06, 2018 3:48am

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Post# 28928759

What is $20 million these days?

Does anyone know how much capital Choom has on hand?

45 retail opportunities sounds great, but when it comes to building costs (whether it’s new builds or renovations), $20 million is nothing.

I’m iguessing each location could cost up to $5 million, once you’re done with the local permitting, architecture, design, labor, inventory, security, digital infrastructure, cosmetics, staffing, insurance)..

This low number worries me for many reasons. One being, it’s not enough.. and two being, ACB can’t afford anything else.

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