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.

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Comment by Invest142806on Aug 03, 2022 12:57pm

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Or they are reorganizing. Getting rid of the losers. Don't count them out just yet. If that was the case, high tide would of bought them out for 2.35 million and took controlling interest in the company. They could of then closed the stores that didn't work. Would have been cheaper than buying 9 stores for more than double that. Remember Aurora owns a good stake in Choom which gives an LP direct channel that they would otherwise not have. Something is happening. Wait it out, can't sell anyways. The best case scenario is better than the worst. If they were going out of Buisness they wouldn't of had Aurora bail them out and get creditor protection. I think they will survive, just my opinion.

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