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.

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Choom Holdings Inc > Reality sets in @ CHOOM

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Post by theinvstoreon Aug 01, 2020 8:24am

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Reality sets in @ CHOOM

Investor presentation downgraded to a 3 year outlook of 32 stores in Canada; down from 105 (but there was no timeline on the previous reference to 105).

I'm ok with this and believe that COVID has negatively (or positively) impacted the count because they (Choom) see the online perspective. The aquisition of Phivida also enhance the online opportunity and I like it becuase it reduces overhead.

Here's to hoping the Phivida acquisiiton is the pathway to the U.S. - generating funds there to build out across North America.

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