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 > PLANET 13 Q3

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Post by CANNABISCANADAon Oct 06, 2020 5:06pm

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PLANET 13 Q3

Planet13 says preliminary Q3 revenue to come in around US$22.8M
Nevada-based cannabis retailer Planet13 Holdings released preliminary third-quarter revenue figures Tuesday, telling investors it expects to report US$22.8 million in sales in the three-month period. Planet13 added that it expects to report gross margins of about 50 per cent in its Q3 with an average of 1,625 customers per day and an average sales ticket of US$124, a sign that the pandemic isn't impacting operations for the company. Planet13 said it also expects to see a boost in wholesale revenue, with its products now available in nearly three dozen dispensaries in Nevada. Shares of Planet13 rose nearly eight per cent on the Canadian Securities Exchange on Tuesday.

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