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 RetiringYoungon Jun 03, 2020 6:08pm

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Retail cannabis "investment"

Aurora to take steep loss on Alcanna investment after divesting stake for $27.6M
Aurora is divesting its stake in cannabis and liquor retailer Alcanna for $27.6 million in proceeds. Alcanna announced on Wednesday that the divestiture comes through a secondary bought-deal offering from Aurora, which is selling its 23-per-cent ownership stake in the company for $3 per share. An $138 million investment in 2018 began Aurora's partnership with Alcanna, which operates 31 cannabis stores in Alberta and Ontario. RBC Capital Markets analyst Douglas Miehm said in a report Wednesday that Aurora can redirect its proceeds from the sale to its "core internal growth initiatives," which could reduce the need to dilute its shares for future financing needs.

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