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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 StockHawk1on Aug 11, 2021 3:01pm
184 Views
Post# 33686026

Mid-Year Report

Mid-Year Report

Choom Holdings Inc. ( $CHOO.C , $CHOOF ) is a Canadian retail cannabis Company that provided their 2021 operational update yesterday


The top highlights from the update included their New Store Development progress: 

-Liberty Village, Toronto location opened July 28

-The construction has commenced at their Hamilton location

-The pre-construction planning is underway at the Ottawa location

-Vancouver, Dunsmuir Street acquisition has been finalized & pre-construction activities are underway 


In the report, $CHOO also announces the grant of 15,125,000 stock options to employees, officers, and directors of the Company. These options have an exercise price of $0.065/share, and are exercisable until August 9, 2026,


Finally, they announced that they have granted an aggregate of 750,000 restricted share units to independent directors of the Company.


$CHOO is currently trading at $0.07 with an MC of $22.76M


Full article here: 

https://www.businesswire.com/news/home/20210810005253/en/Choom-Announces-Mid-Year-Operational-Update

 
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