Comment by
blackrooster on Jul 10, 2020 6:30pm
Good news isnt around yet. They reported 2.5 million revenue from all of their stores from January to March. They had no cash left on balance sheet, and bought vida with all shares. The fully diluted share count will be around 400 million.
Comment by
thatguy16 on Jul 11, 2020 1:36am
Like I said. This stock sucks.. screwed a alot of people
Comment by
theinvstore on Jul 11, 2020 9:49am
I think you mean a lot of people put their money into this with unrealistic expectations. It's not going to happen within 1-2 years of legalization. This is long term for a healthy profit.
Comment by
theinvstore on Jul 11, 2020 10:18am
Current fully diluted = 209,309,161 from the news release " The resulting composition of the issuer will consists of 78% Choom shareholders and 22% Phivida shareholders how does a 22% increase make it 400M? It's actually 358M. That's how arithmetic works.
Comment by
blackrooster on Jul 11, 2020 10:37am
Look at their website. Under investor info (second link). Choom says their fully diluted cap us 295 million and this does not include auroras sunshine warrants. Once the transaction goes through it will add about 100m shares making 395m. That's where the 400m estimate comes from.
Comment by
blackrooster on Jul 11, 2020 10:38am
Here is the link. https://choomholdings.ca/investor
Comment by
theinvstore on Jul 11, 2020 2:07pm
I see, either way I foresee consolidation on the horizon. Question is what will it be 3:1 ? 4:1 ?
Comment by
theinvstore on Jul 11, 2020 10:41pm
Online and curbside ends thid month.... This will bolster $
Comment by
theinvstore on Jul 12, 2020 2:18pm
https://www.google.ca/amp/s/mjbizdaily.com/ontario-set-to-end-cannabis-delivery-curbside-pickup-despite-ongoing-pandemic/amp/
Comment by
SkataNaFuss on Jul 13, 2020 11:59am
Really stupid decision by the Ontario government not to allow retailers delivery as an option. Retailers, the government, all the licensed producers, are losing soooooooo much money to the black market, and this is one reason, delivery/convenience, along with overinflated prices on quality products. The whole cannabis sector would explode if the illicit cannabis market was eliminated....