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it's time to enter the U.S. Choom will do well in the states.the connection to Bronco Bamma this brand has means big revenue.
NEWS:
Choom Announces Private Placement of C$500,000
12/24/2021 09:00 AM ET
Vancouver, British Columbia--(Newsfile Corp. - December 24, 2021) - Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) ("Choom" or the "Company"), a Canadian retail company focused on delivering a high quality cannabis experience through its elevated service, is pleased to to announce a non-brokered private placement of 10,000,000 units of the Company ("Units") at a price of C$0.05 per Unit for gross proceeds of C$500,000 (the "Private Placement"). Each Unit consists of one common share (a "Share") and one transferable warrant exercisable at a price of $0.05 per Share for a period of 24 months following the date of issuance (the "Closing Date"). The private placement is subject to the approval of the Canadian Securities Exchange and the securities will be subject to a four month and one day hold period in accordance with applicable securities laws.
The Company intends to use the net proceeds from the private placement for general working capital and corporate purposes.
About Choom(TM)
Choom(TM) is a fast-expanding retail cannabis company that has established an extensive store network across Canada. Choom(TM) is focused on delivering a high quality cannabis experience through education, curated product selections, elevated environments and inspiring stories. The Choom brand is inspired by Hawaii's "Choom Gang"-a group of friends in Honolulu during the 1970s who loved to have fun and smoke weed-or as the locals called it, "Choom". Evoking the spirit of the original Choom Gang, our brand caters to the Canadian market with the ethos of 'cultivating good times'.
For additional information contact:
Corey Gillon, CEO
Great advice. As this thing goes lower and lower… and lower just keep loading up on this winner…Brilliant, just brilliant.
They are not going to RS they have no share limit... The only reason they should RS is if they turn profitable and want to gain exposure to large investors. Read about Canadian stocks, they don't have to have an authorized share cap. They do dilute but they also aggressively expand so you should be buying dips or just wait for the turning point and average down once they have made some profits.
There we go down even more to new lows. Management just keeps sucking us dry. Eventually they will have a reverse split to take more $$$ from the investors. The ticker symbol should be POOP because that's exactly what it really is.
crazy. Can not believe this crap. completed lost here. how low is this junk going to go!
This company is trash. I've been in since 2019 and all they did is take my investment dollars and kept adding shares to the company. Now my shares are worth a lot less then I invested 3 years ago.Poof should be the symbol because, Now POOF the shares are worth less each and every day. Mark my words they will continue to add shares until they need to do a reverse split.
Did Stepdaddy leave on the computer again son? Best you shuffle back to your basement couch and focus on your acne and/or wanking attempts. Read the Choom posting history - if you can actually read - before posting your rubbish.
Robinson spelled backwards.Droppin' some serious hatred & what not.today was a bright red for the *entire* stock market,then,you have CHOOF.closed around 16 % green on very little $ volume.not many here want to accept the *fact* that the publicly traded cannabis sector is hinged on federal legalization in the U.S. (the largest untapped market on a planet called Earth).try to acknowledge this,CHOOF *still* has not seen a reverse split,not one.CHOOF isn't closing retail location's,they're opening new one's.If anyone posting here bitchin' & whining can't see where this could go by all means sell & bail.I'm not selling a single share for less than $5 bucks.WHEN the U.S. releases the sacred herb from federal prison,CHOOF will be a effing rocket ship...........#risk/reward
Dead cat bounce. This is garbage. Company management sucks. All they do is burn the investors. That’s why I sold most of my shares 2 months ago.
Choom Announces Q1 Financial Results with $5.07M of Net Income.
https://finance.yahoo.com/news/choom-announces-q1-financial-results-133000282.html
same here lost crazy amounts of money. This is going nowhere but down
coreythekunt@choom.wank given the PPS. I have invested a lot in Choom and held for almost 3 years now - what a fool I have been here.
There's one way to find out! Just send it. Gees.
Does anyone know the CEO Corey Gillion's email? Only one I found was corey@choom.ca not sure if it's correct.
Where did you see the quarterly report?
I have no choice but to hang on for the long term rebound. Fingers crossed.
Yeah and all the options have an exercise price of at least double the current value!
Agreed. Choom is WAY undervalued and I regard it as a buy & hold. The brand could be huge globally..
Thinking about backing the truck up here... Can't imagine there being a lot more downside with sales growth YOY two years in a row and edging closer to profits.
Wasn’t being sarcastic. They filed audited find on Oct 25. Check otc markets.
Lol... yea that is funny what makes it dead? Stores keep selling more and more, if they take the gas off expansion and just operate on their current structure of stores they will be making several million a year I am guessing about $5-7million based on yesterdays news. However they have plans to keep expanding and growing the brands eCommerce portion will net them higher margins.
Slightly reduced from .12 but either way 100% from where we sit today. I would say it is fair based on the dilution that occurred to open new stores and delays from COVID and contractors.
Sounds sarcastic... but filing official audited financials is pricey... and they are fairly easy to vet since they are mostly brick and mortar stores with some delivery capabilities, also easy to vet.
Those numbers will prove correct after audits.
Grabbing a bit more at these levels... should see roughly .08 soon
Wild be nice to see strong upside movement here this week.
We also got the new aurora exercise price which appears to be .10
Did you guys see they posted very professional audited financials yesterday as well.
It shows clear signs of double bottoming. Watch and learn. And the fundamentals/market are improving. You might want to cover to save your "hard-earned money." Or don't. lol
The only run they will do is down. It's not enjoyable to watch your hard earned dollars go down the drain.Look at the charts for the last 3 years. The charts don't look like it's going to go up soon. They just keep liquidating this company with more shares.
Technicals have now unmistakably signaled a compelling case for this stock! Enjoy the run.
Choom will pop eventually. The branding is just too good, look what is happening to High Tide and Amazon didn’t make a profit for many years!!
LoL EXCELLENT POST ! this is as dead in the water as a 4 foot tall cannabis plant growing in water with no soil (hydroponic)! 17 stores in Canada.Choom will be an insane success in the U.S.S.A. (formerly known as the U.S.A.).*Choom* the weed store that is riding the coat tails of a monumental historic "gang O' buddies" that resided in Hawaii & smoked weed featuring the first half white half black president of the U.S.S.A. Bronco Bamma.
I am not loading up any choom. I have been here for 3 years and it's been a downhill spiral. I am selling out.
.... he says as he starts loading up! LOL!
Ok, they opened another store as they say. Where’s the earnings report? They’re a month late to report the earnings. All the investors want to see the earnings every quarter. I e-mailed investor relations a month ago and they never responded. I have many investor friends that are waiting for the report to see how they are doing. Without the report they will not invest any money in this company.
NEWS
Choom Cannabis Co. Announces Hamilton Store Opening
10/01/2021 08:30 AM ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--October 01, 2021--
Choom(TM) (CSE: CHOO; OTCQB: CHOOF), one of Canada's leading recreational cannabis retailers, is pleased to announce the launch of its latest retail store in Hamilton, ON (2190 Rymal Road East, Unit E-01, Hamilton, ON, L0R 1P0, Canada).
Choom continues its national retail store expansion with its latest Ontario store. The brand now has 17 operational retail locations across Alberta, Ontario, and B.C. Today's announcement follows the August opening of the company's Flagship location in Toronto's Liberty Village and has plans to open additional locations in B.C. and Ontario over the next few months.
"Today marks the opening of our 3(rd) location in Ontario, another milestone for the brand," said Corey Gillon, CEO of Choom. "In bringing the Choom brand to Hamilton, we're giving clients the opportunity to experience our elevated retail offering which supports our mission of providing the best retail experience in every market we serve."
Hawaii's "Choom Gang" has been the inspiration behind the brand's all-encompassing storytelling, which has encouraged customers to return time and time again to its thoughtfully planned retail spaces. Choom has marketed itself in such a way that it is able to attract an array of consumer types, fueling its continued success in new markets. The Hamilton location will offer click-and-collect services to all customers, enabling purchases both in-store and online.
With continued provincial health and safety recommendations, the store will practice social distancing and will adhere to elevated safety and sanitization to protect the health and safety of customers and in-store employees.
About Choom(TM)
Choom(TM) is a fast-expanding retail cannabis Company that has established an extensive store network across Canada. The Choom brand is inspired by Hawaii's "Choom Gang"--a group of buddies in Honolulu during the 1970's who loved to smoke weed--or as the locals called it, "Choom". Evoking the spirit of the original Choom Gang, our brand caters to the Canadian market with the ethos of 'cultivating good times'. Choom(TM) is focused on delivering an elevated customer experience through our curated retail environments, offering a diversity of brands for Canadians across a national retail network.
Cautionary Statement on Forward-looking information
This news release contains forward-looking information relating to the Company's proposed activities and other statements that are not historical facts. Forward-looking information relates to management's outlook and anticipated events or results and includes statements or information regarding the future or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These factors include risks and uncertainties associated with or arising as a result of delays in obtaining or an inability to obtain required regulatory approvals, access to sufficient quantities of cannabis, the results of diligence investigations, the actions of third parties, the results of negotiations with third parties, developments in the cannabis sector, the ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings, including those made with the CSE and applicable Canadian securities regulators. There can be no assurance that such forward looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211001005047/en/
CONTACT: Corey Gillon, CEO
Telephone: 604-683-2509
Chris Bogart, President
Telephone: 604-683-2509
investors@choom.ca
SOURCE: Choom
Copyright Business Wire 2021
(END) Dow Jones Newswires
October 01, 2021 08:30 ET (12:30 GMT)
I would imagine that will translate well for pps.
I've also noticed it takes a while to fill buy orders on Choof the past week or two...
Check the deal they made with Cannacord. All fins will be fully audited from here on out.
Where did you hear that they were going to be audited on their financials?
This will be the first Audited fins so I am sure they will be late and possibly very late.
I asked when the earnings were coming out because, they’re late on posting them. They deleted my message on the Facebook page.
I also messaged the Facebook Choom Representative Sophia Bethel.
They keep showing updates for opening new stores, and stocking product....
But with
No answers
The earnings should have been out by now. I e-mailed investor relations 2 weeks ago and I never got a response. This company seems to have a lot of smoke and mirrors.
They've stocked cookies brand per their Facebook group...
That's a pretty big deal
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