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Another day .....you know the drill. LOL LLLI
Another day of absolutely NOTHING. LLLI
WOW ...BIG trade here this morning. I'm SO excited. Did the RCMP order for Body Cams come in or is this just speculation?
Another day of absolutely NOTHING and tomorrow won't be any different. LLLI
Can the SEC not see the giant red flag waving from the top of the flag pole. Must be nice to receive a pay check and not react to the obvious.
What a joke...this is unregulated - regulated.... BS
Time for a run.
CHOO Financials
Choom Announces Q1 2021 Financial Results
Reporting Record Revenue of $6.1 million
Vancouver, BC – December 01, 2020– Choom Holdings Inc. (“Choom” or the “Company”) (CSE: CHOO; OTCQB: CHOOF), a fast-expanding retail cannabis company that has established one of the largest store networks in Canada, is pleased to report its financial and operating results for the first quarter of fiscal 2021 ending September 30, 2020.
First Quarter Financial Highlights:
Q1 2021 revenue of $6.1M
o Increase of $2M and 50% over Q4 2020 revenue of $4.1M
Q1 2021 Gross Margin of 36.33%
o Increase of 3.06% over Q4 2020 gross margin of 33.26%
Q1 2021 G&A of $1M or 15.74% of revenue
o Versus $1.2M or 28.68% of revenue Q4 2020
Q1 2021 Salary and Wages of $1.1M or 18.24% of revenue
o Versus $0.8M or 20.17% of revenue Q4 2020
First Quarter Divisional Highlights:
Finance:
Choom continues to make strides in our strategic path to profitability, increasing sales while right sizing expenditures, improving margins, and inventory efficiency through our centralized product team resulting in positive adjusted EBITDA 1 for the quarter of $35K.
Operations:
As we move forward with our new store growth strategy, ground has broken in Yaletown, Vancouver, with an opening set for January 2021. Additionally, a 4th development permit was secured in Vancouver, further creating defensibility amongst other national competitors.
During the quarter, we re-opened the Westlock store location that had been previously closed due to COVID-19. Additionally, in Q2 we re-opened Camrose 48th, another location that was previously closed, bringing our open and operating store count to 14.
Brand:
Choom’s marketing vision receives industry recognition, with nominations for three prestigious awards by ADCANN this November: Storefront Brand of the Year, Marketer of the Year and Best Social Media of the year. Our digital development also continues as we enhance our industry-leading technology on Choom’s 2.0 digital platform, further positioning ourselves as a technology enabled Cannabis retailer, supporting our strategic pillar of creating a true omni-channel experience.
Culture:
The further centralization of our business model continues to attract top talent both at our store support center as well as at our retail locations. Work continues to bring key functions of our team in-house, reducing reliance and costs related to contractors and consultants, allowing for improved business support.
About Choom™
Choom™ is a fast-expanding retail cannabis company that has established one of the largest store networks in 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™ 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.
For additional information contact:
Corey Gillon, CEO
604.683.2509
Chris Bogart, President
604.683.2509
investors@choom.ca
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 future outlook and anticipated events or results and includes statements or information regarding the future plans 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.
1: Non-IFRS Measures – Adjusted EBITDA
Adjusted EBITDA is a Non-IFRS metric used by management and does not have any standardized meaning prescribed by IFRS. The metric may not be comparable to similar measures presented by other companies. Management defines Adjusted EBITDA as the Income (loss) for the period, as reported, before accretion, interest, tax, share-based compensation, depreciation and amortization, impairment, gains and losses related to the disposition of tangible assets, debt extinguishments and professional fees associated with financing and acquisition activities. Management believes Adjusted EBITDA is a useful financial metric to assess its operating performance.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
HELLO everyone..hope to see a nice bounce today. Financials out this morning.
BANG .... and off goes a Grenade.... LLLI Another day of absolutely NOTHING.
Garbage Pinky LLLI
And the regulatory folks are not to be found. What a BS game. Nothing to back this stock up, told you all before, tell you again. Do your DD, undeniable fact. NOTHING here folks.
Not many people listened to those of us who have been around LLLI for a long time and know its track record. Now you pay the price ... sorry ... but LOL.
Another day of NUUUUTHIN. LLLI
Still LOL
BIG sell off ..LOL
Another week of LESS than absolutely NOTHING. LLLI
You tell em Mitch ... I back you 100% Show me the money ... oooops can't find any.
The reality of NOTHING LLLI has set in..... The HYPE failed. LLLI going back to where it belongs.
WHO was it that said "DON'T GET FOOLED AGAIN"
Absolutely LESS than NOTHING....LLLI
Don't get Hustled. Another week of absolutely NOTHING.....LLLI
I would suggest that preparation has taken place and LLLI was not in the picture.
Pure speculation and dreaming...NOTHING to back this up. Violence in the US will produce little or NO sales for LLLI. Save your beer money.
LLLI NOT a factor in US purchases of equipment. A small Canadian company that has little or NO track record over the past ten plus years of being a reputable supplier of LARGE orders. NOT GOING TO HAPPEN in my opinion. I refuse to be a dreamer pumping hype. Do your DD and you will come to the same conclusion.
Yes folks..Another week of absolutely NOTHING. LLLI.
Another week of absolutely NOTHING. LLLI.
Another day of absolutely NOTHING. LLLI
Another day of absolutely NOTHING. LLLI
Another day of absolutely NOTHING. LLLI.
Another day of absolutely NOTHING. LLLI
Another day of absolutely NOTHING. LLLI.
ANOTHER DAY - ANOTHER WEEK OF ABSOLUTELY NOTHING...LLLI.
NO SALES .... NO MONEY .... NO NOTHING. A BIT PLAYER AT BEST .... THE US WILL NOT BUY THESE PRODUCTS FROM A CANADIAN COMPANY. DREAM ON.
ANOTHER DAY OF ABSOLUTELY NOTHING. LLLI
Another day..another week with absolutely NOTHING. LLLI
Another day of absolutely NOTHING. LLLI>
Here is the truth about LLLI. You can say all you want on this board about LLLI products but if they don't sell, and they don't, then it's nothing more than hot air. SO hot air is what it is. Thats the truth.
Looks like the excitement here...got flushed down the toilet.
Another day of absolutely NOTHING. LLLI.
Now LLLI has competition from a Windsor Ontario private company.
https://windsorstar.com/news/local-firm-atmis-readies-for-production-of-windsor-made-ppe
I will say it again....The US will not buy these products from Canada.