Choom Holdings Inc. (CHOOF)

[Nosnibor]

Choom is massively undervalued by my calculation:

$6.1M revenues for quarter ending Sept. 2020 (per Dec. 1st filing on SEDAR).

x4 quarters per year, and significantly increasing each quarter, so let's say annual $30M revenue although I think this is conservative.

The current market cap for Choom is $29M (which is slightly less than the current annual revenues), plus we have OTHER ASSETS - and the multiple for Cannabis companies to form a valuation is debatable these days but let's use 3.5 x revenue = approx. $100 Million

$100M divided by approx. 300M Outstanding Shares = $0.33

Choom's PPS is currently undervalued and should be at least CAD $0.33 vs $0.1269 ($0.10 USD)

I would say the future is looking very bright for Choom with (i) growing legalization and (ii) their BRAND is so uniquely attractive it could and should go global in the future (either through organic growth, some acquisitions or FRANCHISE model - or a combination of all).

Am adding more to my position without question. GL to all longs and new investors.