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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 > Remember when I said Canopy's retail is not in good shape
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Post by CANNABISCANADA on Nov 06, 2021 10:14am

Remember when I said Canopy's retail is not in good shape

Canopy's Q2 was VERY DISPPOINTING! 
Klein also expects Canopy's chain of Tokyo Smoke stores will remain open over the next year despite a report by Chen that predicts some outlets will close up shop due to a concentrated retail environment. Access to the retail market is key for companies like Canopy to better understand what the customer wants. 
 
"The difficulty in the market that we're in in Canada is consumer preferences are changing, but then also retailers' motivations and preferences are changing. As they're trying to learn how to compete with each other, they're continually moving their assortment, which affects our demand," Klein said. 
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