Choom Holdings Inc CHOOF

Healthcare Cannabis

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

Choom Holdings Inc > Do some research.

<< Previous

Bullboard Posts

Next >>

Comment by Invest142806on Jul 28, 2022 6:47pm

146 Views

Post# 34858521

RE:Do some research.

It's not over yet. Chooms net worth is 2.35 million, but Hightide paid 5.9 million for 9 stores leaving Choom with 8. Why didn't they just take controlling interest for half the price and have all 17. Aurora owns 20+ percent. Wait for the smoke to clear before you count them out. I think high tide and fire and flower will be the two big firms, but I can see some boutique shops that could also do well. They have an e-commerce presence, with provinces opting for direct sales, they could rise from the ashes. I guess we will see what happens. Either way, I agree Choom was a big risk, they but of more than they could chew.

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing