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 > With the investment that

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Comment by BadgerUSAon Aug 31, 2020 10:53am

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RE:With the investment that

I think Aurora cannabis is wishing they had the millions of dollars they gave to Choom back. Aurora cannabis balance sheet isn't that strong they are burning cash every day. If you remember I believe Aurora cannabis has the option to purchase Choom or an additional position in Choom at a price of roughly $2.60 a share. I doubt that will happen with chooms current state. Not sure if it would be better for Aurora just to sit on the sidelines and see if somebody buys Choom and then they recoup some of their money through a stock sale.

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