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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.


GREY:CHOOF - Post by User

Post by CANNABISCANADAon Jul 24, 2021 6:31am
142 Views
Post# 33600500

Today's read

Today's read
Canadian pot sales climb 2.3% to $313M to record monthly high in May 
Canadians bought $313.3 million worth of cannabis products in May, an increase of 2.3 per cent from the prior month but down 1 per cent on a per-day basis, according to Statistics Canada. Compared to the same month a year earlier, Canadian cannabis sales were up by 68 per cent. Canada's legal recreational pot industry currently operates at an annual run rate of about $3.76 billion. Ontario led all provinces with $111.2 million in sales; the province also accounted for more than one-third of all retail activity. According to The Cannalysts Analyst Craig Wiggins, trailing three-month sales numbers were up 9.4 per cent, a five-month high and a strong sign that retail revenue are still growing at a healthy pace. 
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