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 > $CHOO - Bottoming out

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Post by ProfPennyPinchon May 27, 2021 3:15pm

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$CHOO - Bottoming out

Calling the bottom here for $CHOO, it's been trading flat and is . With 15 stores and 2 more ready to open up very soon, $CHOO is looking good to have a huge surge of sales this year. With the Canadian economy beginning to open up I expect this summer to be big for them.

With market cap of around $30M and rapidly growing revenue I can safely say that $CHOO is very undervalued at these levels. Economic reopening in addition to the e-commerce store is making Q3 look good, I estimate an easy $6M+ in revenue on the low end.

The deal with $ACB to restructure around $20M in debt will free up cash for the company to focus more on growing the brand instead of paying interest on the debt. Additionally, the 20% stake that $ACB is taking in the company gives me more confidence in the future of $CHOO. Considering adding more shares to my portfolio soon!

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