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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 > Suspension
View:
Post by Noob75 on Jun 06, 2022 3:25pm

Suspension

ww.bcsc.bc.ca P.O. Box 10142, Pacific Centre, 701 West Georgia Street, Vancouver, BC, Canada V7Y 1L2 Citation: 2022 BCSECCOM 209 Cease Trade Order Choom Holdings Inc. (the Issuer) Under the securities legislation of British Columbia and Ontario (Legislation) Background 1 This is the order of the regulator of the British Columbia Securities Commission (the Principal Regulator) and evidences the decision of the regulator or securities regulatory authority in Ontario (each a Decision Maker). 2 The Issuer has not filed the following periodic disclosure required by the Legislation: 1. interim financial report for the period ended March 31, 2022, 2. interim managements discussion and analysis for the period ended March 31, 2022, 3. certification of interim filings for the period ended March 31, 2022. 3 As a result of this order, if the Issuer is a reporting issuer in a jurisdiction in which Multilateral Instrument 11-103 Failure-to-File Cease Trade Orders in Multiple Jurisdictions applies, a person or company must not trade in or purchase a security of the Issuer in that jurisdiction, except in accordance with the conditions that are contained in this order, if any, for so long as this order remains in effect. 4 Further, this order takes automatic effect in each jurisdiction of Canada that has a statutory reciprocal order provision, subject to the terms of the local securities legislation. Interpretation 5 Terms defined in the Legislation, National Instrument 14-101 Definitions and National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions have the same meaning if used in this order, unless
Comment by Bentley2000 on Jun 06, 2022 4:10pm
So as it reads...it's a suspension because they have not done the "Interim filings"...not good a paper work I guess??
Comment by ggrellette on Jun 06, 2022 4:24pm
That is how it starts and this is how it ends with delisting. There is value here but this company needs proper mgt. not a bunch of pot smokers running the hen house because the pot smokers are actually the wolves. Chris and Corey are the pot smokers(wolves) that reduced this company to where it stands today. They are BAD MGT.  should not have been left in charge. At first it seemed when ...more  
Comment by Noob75 on Jun 07, 2022 9:40am
It appears so,however makes you think why the company is in such a bad state if you have incompetent people managing it. Not to bash but facts are facts.