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Bullboard - Stock Discussion Forum 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... see more

GREY:CHOOF - Post Discussion

Choom Holdings Inc > $CHOO - Bottoming out
View:
Post by ProfPennyPinch on May 27, 2021 3:15pm

$CHOO - Bottoming out

Calling the bottom here for $CHOO, it's been trading flat and is . With 15 stores and 2 more ready to open up very soon, $CHOO is looking good to have a huge surge of sales this year. With the Canadian economy beginning to open up I expect this summer to be big for them. 
 
With market cap of around $30M and rapidly growing revenue I can safely say that $CHOO is very undervalued at these levels. Economic reopening in addition to the e-commerce store is making Q3 look good, I estimate an easy $6M+ in revenue on the low end.
 
The deal with $ACB to restructure around $20M in debt will free up cash for the company to focus more on growing the brand instead of paying interest on the debt. Additionally, the 20% stake that $ACB is taking in the company gives me more confidence in the future of $CHOO. Considering adding more shares to my portfolio soon!
Comment by LucInvestor2018 on May 27, 2021 4:49pm
HI I of know Liberty Village opening soon but where is the other on ?  Thank you 
Comment by Investore on May 27, 2021 9:21pm
Hamilton as I recall and then Ottawa 
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