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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

View:
Post by CANNABISCANADA on Sep 04, 2022 12:30am

update

Regarding - Choom Holdings Inc., Choom BC Retail Holdings Inc., Phivida Holdings Inc., 2151414 Alberta Ltd. and 2688412 Ontario Inc.

Inbox
 
 
 
 

EY Doc Centre (No Reply) EY_Doc_Centre@ey.com via sendgrid.net 

Sat, Sep 3, 9:05 PM (3 hours ago)
 
to me
 
 
 
 
 
 

 

You are receiving this email in response to your request to receive notifications related to the proceedings for Choom Holdings Inc., Choom BC Retail Holdings Inc., Phivida Holdings Inc., 2151414 Alberta Ltd. and 2688412 Ontario Inc.

The following updates have been made:

 

 

Document Id Document Date Document Version Document Description
36086 04-Aug-2022 Monitor's Certificates (BC and AB Assets) Monitor's Certificates (BC and AB Assets)
36087 01-Sep-2022 Monitor's Certificate Ontario Assets Monitor's Certificate Ontario Assets

 

 

Ernst & Young Inc.,

EY Canada, Turnaround and Restructuring Strategy group

ey.com/ca/restructuring

 

Comment by Luc1979 on Sep 06, 2022 3:01pm
Really doubt that this will end up good i mean we are in September and still no news future or shareholders
Comment by theinvstore on Sep 06, 2022 6:03pm
As much as I would like to believe this would turnaround.... a "restructure" is part and parcel of the sale of assets to Cannacabana - it depends on the perspective.. is it a restructure fro ma Choom or Aurora perspective ....... this is a thread your hanging onto. (Thats its Choom) .
Comment by Luc1979 on Sep 07, 2022 3:49am
Choom website does not even exist anymore
Comment by Invest142806 on Sep 07, 2022 9:38am
I would have to agree that no news is better than news of insolvency, bankruptcy. They just finished the sale of the 9 stores to high tide, but they had 17 before CCAA proceedings. They had theee extensions on the proceedings and I thought that after the Hightide deal we would hear something. Until that news comes out we can only speculate and at this point it looks dire. I think the reason it' ...more  
Comment by Luc1979 on Sep 07, 2022 5:29pm
I never saw in any stock a scenario like this to be honest I would believe they would try to go bankrupt and avoid more loss But the thing is choom seem to have been bought out as its weird that there website is not even choom anymore either way shareholders had rights to know what was going on as an investor it is wrong to just shaft them and not say anything as they poured money in i would ...more  
Comment by Invest142806 on Sep 07, 2022 6:17pm
I agree there should have been something. Even with the court proceedings you think they still would have been able to reach out. But I am unfamiliar with what's expected of a company during this process. I think we will hear something eventually once this has been dealt with. Until then goodluck in the market.