Company Name: Choom Holdings Incorporated
Stock Symbol: CHOO (in Canada) and CHOOF (in the US on the OTCQB)
Shares Outstanding – Fully Diluted: 395,436,545
Overview of Company:
Choom Holdings Incorporated is a cannabis retailer headquartered in Vancouver, BC in Canada
As of February 2021…
In Canada… the company has 15 stores in 3 Provinces.
Included are stores in Vancouver, Niagara Falls and Toronto.
They report 120 employees and over 425,000 customers.
From the Corporate Presentation (dated February 2021)
“Subsequent to the quarter end, on February 4, 2021, the Company completed the non-brokered private placement for gross proceeds of $1,950,000 through the issuance of 27,857,143 units (“Units”) at a price of $0.07 per unit. Each Unit consists of one common share and one-half of one non-transferrable warrant (each whole warrant a “Warrant”). Each Warrant entitles the holder to purchase an additional common share at an exercise price of $0.12 per share until February 3, 2023. Proceeds will be used for general working capital purposes as well as future store growth.”