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 > Will this do anything for Choom

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Post by CANNABISCANADAon Aug 10, 2020 6:00pm

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Will this do anything for Choom

Ontario pot shop owners selling stores back to corporate partners
Those lucky winners of the initial cannabis retail licence lotteries in Ontario appear to be selling their shops to their larger, corporate partners, The Canadian Press reports. The stores are changing hands after restrictions preventing companies from owning off-site retail locations were lifted in December. Since then, several retailers such as Choom and Fire & Flower, have outright bought the licensed stores from lottery winners in a land-race to buy as many outlets as they can in the early days of Canadian recreational cannabis. There are more than 115 cannabis retailers operating legally in Ontario.

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