Some complicated news for $CHOO summarize here: Choom Holdings Inc.( $CHOO , $CHOOF) just announced that it has completed its debut restructuring
They owed Aurora Cannabis Inc. 21.8 million dollars
However, today the debut was essentially forgiven, in exchange for Aurora now owning 19.9% of $CHOO shares (previously they owned only 2.66%)
They also issued 43,750,000 units for gross proceeds of $3.5M
These units consisted of one common share as well as one half common shares purchase warrant, which allows warrant holders to purchase a common share at the price of $0.12 until July 2024
With all of these happenings we have seen that their stock price has dipped 6.67% in the past 5 days, and 12.5% in the past month
However, I think this could be very good news for those trying to get into the cannabis retail market cheap
Right now $CHOO.CN is selling for only $0.07 a share
Considering that they have just relived so much debut and raised millions for operations and constructing new retail spaces I'm betting that there is money to be made by getting in now while it is cheap
If the shares go to 0.14 which they were in March, you'd be doubling your money
You can read more here:
https://ceo.ca/@newswire/choom-announces-closing-of-prospectus-offering-and