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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
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Post by Buylowbeaston Apr 03, 2020 1:14pm
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Post# 30876422

market cap - CHOOM by the numbers

market cap - CHOOM by the numbershoom just bought the Niagara store fully. Up until now it was a licence.

https://amp-benzinga-com.cdn.ampproject.org/c/s/amp.benzinga.com/amp/content/15738265

the store has made gross sales of 7 million in 11 months. let's assume that for the next year we make the same with a 30% profit margin. That would be say 2.5 million in earnings. At a multiple of 10, which is low in retail, we are at market cap valuation of 22.5m. And that is one store. Currently we sit at a 17.5 million dollar market cap. This is so undervalued it's crazy Am I missing something?
Bullboard Posts
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