Bullboard - Stock Discussion Forum Choom Holdings Inc CHOOF

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

Add To Watchlist

GREY:CHOOF - Post Discussion

Choom Holdings Inc > Bogart must B taking over - more resignations

View:

Post by Investore on Jul 08, 2022 4:21am

Bogart must B taking over - more resignations

HIGH TIDE TO ACQUIRE RETAIL CANNABIS STORES FROM CHOOM HOLDINGS

Choom Holdings Inc. has entered into a binding agreement with High Tide Inc. in which High Tide will acquire two operating retail cannabis stores in British Columbia, six operating retail cannabis stores in Alberta and one operating retail cannabis store in Ontario from Choom, and certain of its subsidiaries, for $5.1-million. The transaction arises from the sale and investment solicitation process permitted under the company's previously announced proceedings under the companies' Creditors Arrangement Act (Canada) (CCAA). The company will seek approval of the transaction from the Supreme Court of British Columbia on or about July 8, 2022.

Additionally, Choom announces the resignation of Corey Gillon, director and chief executive officer, and Dylan Murray, chief financial officer, which will be effective Aug. 1, 2022.

420