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 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

Choom Holdings Inc

Bullboard Posts

Comment by BmanStanon Apr 26, 2019 7:22pm

158 Views

Post# 29677573

RE:Great day for choom!

Assuming 5% of Sales is a common retail licensing fee, we all need to keep in mind that in franchise arrangements like these the store itself (or the Ontario Lottery winner) would incur the marjority of the ongoing costs necessary to generate those sales. As such, the majority of that fee will hit choom's bottom line. The impact is more considerable if you think of adding the 5% in question to Choom's profits as oppose to their own sales figure.

Bullboard Posts

Three stocks with strong income statements to buy right now