VIVO Cannabis Inc. VVCIF

How much of CHOOM does VIVO own.

[Kinglou64]

Choom Announces Fiscal Year 2021 Results with 200% Year-Over-Year Growth

 

VANCOUVER, BC, Oct. 26, 2021 - Choom Holdings Inc. ("Choom" or the "Company") (CSE: CHOO) (OTCQB: CHOOF), a fast-expanding Canadian retail cannabis Company is pleased to report its financial and operating results for the 2021 fiscal year, ending June 30, 2021.

Fiscal 2021 Financial Highlights:

• FY 2021 Revenue of $22.05M
  • Increase of $14.7M and 200% over FY 2020 revenue of $7.4M
• FY 2021 Gross Margin of 36.9%
  • Increase of 6.31% over FY 2020 gross margin of 30.59%
• FY 2021 General and Administrative of $4.04M or 18.33% of revenue
  • Versus $5.85M or 79.52% of revenue in FY 2020
• FY 2021 Salary and Wages of $4.22M or 19.13% of revenue
  • Versus $2.53M or 34.38% of revenue in FY 2020
• FY 2021 Adjusted EBITDA1 of -$0.12M or -0 .56% of revenue
  • Versus -$6.13M or -83.31% of revenue in FY 2020

"I am thrilled with the year-to-date performance of the brand, growing topline revenue by 200%, increasing gross profit at a faster rate than revenue with a 262% increase, and reducing our total SG&A spend on the year by 1.45%" says Choom CEO, Corey Gillon, "As COVID-19 restrictions continued to affect the broader retail landscape, Cannabis retail was not exempt; from capacity restrictions to provincial lockdowns, the market was marred by its affects. Despite these headwinds, Choom continued to successfully execute on its strategy".

[Lvlchange]

https://www.newcannabisventures.com/choom-and-abcann-announce-strategic-investment-and-supply-agreement/

[Macpoor]

A monsterous thank !