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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... see more

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Choom Holdings Inc > High Tide Q3

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Post by CANNABISCANADA on Sep 16, 2020 5:20pm

High Tide Q3

High Tide books $4.3M profit in Q3 while nearly tripling sales
Cannabis retailer High Tide said Wednesday its fiscal third-quarter profit came in at $4.3 million as its sales nearly tripled from the same period a year ago. High Tide, which manages 37 Canna Cabana locations in Ontario, Alberta, and Saskatchewan, said revenue jumped by 180 per cent to $23.2 million in its third quarter, as the retailer rollout out new outlets across the country. High Tide said its gross profit margin also inched higher to 40 per cent, up three percentage points from the same quarter last year. The company's shares closed down about 2.6 per cent on the Canadian Securities Exchange on Wednesday.

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Comment by LucInvestor2018 on Sep 16, 2020 6:31pm

Good news ... for High Tide... hope Choom get the same reports

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Comment by status8 on Sep 16, 2020 6:52pm

Hopefully that is the case, but with the number of stores closed I am pessimistic. But hopefully sales continue to increase, and as stores open the potential increases.

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Comment by theinvstore on Sep 16, 2020 7:19pm

They have 40 shops for Canna Cabana alone + the other entities. We dont have half that. Choom needs to Boom. One of High Tides entities is higher end shops "Kush Bar" - which is the same retail niche as Choom... hang on folks - its sink or swim. At High Tide even. Tough times for Choomers.

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Comment by AfroSamurai on Sep 16, 2020 9:29pm

im very curious to what the numbers are going to be. Given the financials of high tide and fire and flower, it's looking good. FAF had great numbers. Choom has more stores. The reviews of their stores are very good. I really hope the come out with something solid during all this silence. If not I'll dump it all and invest it in FAF, which is unfortunate as I had and still have high ...more

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Comment by LucInvestor2018 on Sep 17, 2020 4:43am

When is Choom next financials?

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Comment by theinvstore on Sep 17, 2020 11:43am

How does Choom have more stores than FAF ?

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Comment by AfroSamurai on Sep 17, 2020 1:10pm

looking at Google maps Choom has about fifteen stores with three temporarily closed. Faf has, it looks like, eleven currently up and running. Please feel free to correct me if I'm wrong!

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Comment by AfroSamurai on Sep 17, 2020 1:12pm

my apologies! FAF looks to have about 20-22 currently running.

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Comment by status8 on Sep 17, 2020 1:13pm

I don't know enough about the various neighborhood the Choom and Faf stores are located, but that will play a HUGE role in the traffic they receive and the revenue they generate. One can only hope that locations and market research into expected traffic would have been conducted. There is potential for reasonable news, but would be nice to know what they will do with their funds.

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