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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
The party will start soon. HEXO is having a little party right now. I am ready for the Choom party to start.
Newly elected President Joe Biden wants to legalize cannabis at the federal level
Pre market looks great. Enjoy the ride up hill. We’re finally going above $1.00. Now the Biden administration legalizes cannabis we will climb to the moon.
I have been in for quiet sometime and sold when it spiked up. I am not going to buy any maybe after the reverse split.
When Biden was campaigning for President he stated that he and Kamala was going to legalize marijuana at the federal level. This is why the cannabis stocks are going up.
If Biden wins the elections. He said he will make cannabis legal.
Here comes the reverse split. We are going to have a 1-8 . The investors lose out again. I am sure the CEO of the company is getting a hefty salary.
The volume didn't do anything... That's because this is trash and many people lost tons of money.
this is garbage
[color=red]Don't be a fool!!![/color] Eddie Vasker is a crook. I lost my $$$ that I invested in this garbage.
This company is a pump & dump scam. Eddie is a crooked person. Don't be fooled and buy this junk because you'll be loosing your $$$
[b]There is no big volume I sold my losses that I have had for 5 years.I tried to sell many many times, today I got rid of my 3,000,000 shares. Good reddens of this crooked company.Everyone here I recommend not to buy PRPM.
When do you expect the $50. That's really pushing it. We need to hit $10.00 first and also need plenty of great earnings.
What happens if there’s a merger with Aphria and acb? Will we get one share of ACB?
Your not showing me anything new. I know about the R/S history.Also when I post something it's because I did research.Not like you did"post bullshit".
I am not here for daily flips.I have been invested for almost 2 yrs. with choof.If you look at the charts it's been going down for many many months.So sorry to tell you I am not a daily flipper.
MD3 You don't know what you are talking about... The last R/S was in August,2019 and it was 1 - 20 r/s which means if you had 1,000 shares you ended up with 50 shares. Before putting up a post do your research.
How can you say this is moving along?This company is not going up at all. The pps is actually going down.
Every year they get under a $1.00 a R/S has been implemented. If you would have invested $10,000 10years ago you would have $0 in the company.
TOPS Split History Table
Date Ratio
03/20/2008 1 for 3
04/21/2014 1 for 7
02/22/2016 1 for 10
05/11/2017 1 for 20
06/23/2017 1 for 15
08/03/2017 1 for 30
10/06/2017 1 for 2
03/26/2018 1 for 10
08/22/2019 1 for 20
Here is the stock split history. This company loves to dilute the company shares. Look at the history of this company. They clean the investors from their $$$. Is this enough proof that this is junk stock. Not worthy of spending a penny on this company. Do the math from the beginning and see who wins. The CEO is the only winner here.
TOPS Split History Table
Date Ratio
03/20/2008 1 for 3
04/21/2014 1 for 7
02/22/2016 1 for 10
05/11/2017 1 for 20
06/23/2017 1 for 15
08/03/2017 1 for 30
10/06/2017 1 for 2
03/26/2018 1 for 10
08/22/2019 1 for 20
Well, then don't say it's going to the Moon.That's what makes people believe your a pumper. Just my opinion.
You are right but, they have to get back to $1.00 soon to stay listed on the NASDAQ. A r/s seems to be the only way it can be done unless they have great news.
maxmax47, I hope your right because,i have 10,000 shares to dump when the pps goes up.
Canadian bacon 21, How do you know this is going to run to the Moon? Do you have a crystal ball or are you just a pumper to get the pps up a little then dump your shares.
OTC is like buying on the black market and getting caught with your pants down. The only time I buy is on good news and I get in on the hype and unload asap with a profit.
I see people are loading the boat. You are going to sink with the ship. There will be a reverse split just like "SHIP" another Greek shipping company. Enjoy your ride down.
maxmax47 the only way this is breaking $1.00 is in a R/S
This is going nowhere.
Tom4investor2011 Yup ACB had a rs[21-1]and those investors didn't make out. Normally when you have a rs you lose $$$.
Yeah!!! They will have a reverse split watch and see. That's the only way they will get this over a$1.00. This company can't seem to get it together or management is way over paid for their performance.
ravescroft, what makes you say it's going to be beautiful?
The only way this will get to $2.00 is by a reverse split 1 for 2 RS.
Wow!!! your pumping up this company. It has a hard time to stay above $1.00
I can see a reverse split coming to get it back over the 1.00 to stay listed on NASDAQ...All this company seems to be doing is sucking the cash from the investors. I have been invested with HEXO for 2 1/2 years and it's been a downhill trend.
I hope your right but, it does not look like that to me. Looks like it will be a sell of.
Looks like the party is over and back down we go. I hope I am wrong but, the trades are leaning on the sell side.
Another red day coming up
With the pandemic and lockdowns people stocked up and hopefully this will start the beginning of a bull run on m
By the looks of the trades, we will be running in the red today.