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.

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Choom Holdings Inc > update

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Comment by Invest142806on Sep 07, 2022 9:38am

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RE:RE:update

I would have to agree that no news is better than news of insolvency, bankruptcy. They just finished the sale of the 9 stores to high tide, but they had 17 before CCAA proceedings. They had theee extensions on the proceedings and I thought that after the Hightide deal we would hear something. Until that news comes out we can only speculate and at this point it looks dire. I think the reason it's so quiet is probably they are bound to be hush hush while it is in the courts. I think we will hear something soon. Good or bad. I am hoping that because we haven't heard anything in the way of a chapter 11 they are still afloat. Again I am just hoping and speculating as well. Goodluck to all shareholders.

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