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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 Aug 21, 2021 9:00am
224 Views
Post# 33744660

Retail sales in Canada just keep going higher

Retail sales in Canada just keep going higherI am confident that when Choom reports on it's next quarterly earnings it will turn this .06/.07 into .15 or more.......
THIS WEEK'S TOP STORIES

Canadian pot sales hit $318M in June, up 1.7% from prior month: StatsCan 
Canadians bought $318.7 million worth of cannabis in June, touching a new monthly record, according to retail sales figures from Statistics Canada. The agency also says Canada's legal recreational pot industry now operates at an annual run rate of about $3.82 billion. Cannabis retail sales rose about 1.7 per cent in June from the prior month and up 58 per cent from a year earlier. On a per-day basis, June's cannabis sales are up 5.1 per cent from May. Ontario continued to drive cannabis industry sales with $120.1 million of legal marijuana sold in June, up about eight per cent from the prior month. Alberta, British Columbia and Quebec all reported sales declines in the month.   
 

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