공시 • Sep 02
High Tide Inc. (TSXV:HITI) completed the acquisition of Nine Operating Retail Cannabis Stores from Choom Holdings Inc. (CNSX:CHOO) for CAD 4.4 million. High Tide Inc. (TSXV:HITI) entered into a binding agreement to acquire Nine Operating Retail Cannabis Stores from Choom Holdings Inc. (CNSX:CHOO) for CAD 5.1 million on June 28, 2022. The consideration will be satisfied through the issuance of common shares of High Tide. As per the acquisition, High Tide will acquire two operating retail cannabis stores in British Columbia, six operating retail cannabis stores in Alberta, and one operating retail cannabis store in Ontario. For the three months ended April 30, 2022, collectively, the Stores generated annualized revenue of CAD 10.2 million and annualized Adjusted EBITDA of CAD 1.3 million. The Transaction, which is an arm's length transaction, is subject to, among other things, receipt of required TSX Venture Exchange approval, court approval, approval from various provincial regulators, and other customary conditions of closing, and is expected to close in the coming weeks. As of August 4, 2022, High Tide Inc. completed its acquisition of eight operating retail cannabis stores in British Columbia and Alberta for CAD 4.2 Million. The Acquisition was completed pursuant to the terms of a binding agreement dated June 28, 2022. High Tide acquired the Stores, including inventory, for CAD 4.2 Million, by issuing 1,782,838 common shares of High Tide at a deemed price of CAD 2.3375 per High Tide Share. Pursuant to the Acquisition Agreement, 70% of the High Tide Shares issued are subject to a four month hold. The Company intends to complete the acquisition of the ninth store in Niagara, Ontario, pending regulatory approvals. The closing of the Acquisition remains subject to final approval from the TSXV.
High Tide Inc. (TSXV:HITI) completed the acquisition of Nine Operating Retail Cannabis Stores from Choom Holdings Inc. (CNSX:CHOO) for CAD 4.4 million on September 1, 2022. High Tide acquired the final retail cannabis location for CAD 1.1 Million, for approximately CAD 300,000 in cash and by issuing 364,185 common shares of High Tide at a deemed price of CAD 2.3375 per High Tide Share. The closing of the Acquisition remains subject to final approval from the TSXV. 공시 • Aug 03
Choom Holdings Inc. Announces Board Changes Choom Holdings Inc. announces the resignation of Chris Bogart, Director and President, and Stephen Tong, Director effective July 31, 2022. 공시 • Jul 08
High Tide Inc. (TSXV:HITI) entered into a binding agreement to acquire Nine Operating Retail Cannabis Stores from Choom Holdings Inc. (CNSX:CHOO) for CAD 5.1 million. High Tide Inc. (TSXV:HITI) entered into a binding agreement to acquire Nine Operating Retail Cannabis Stores from Choom Holdings Inc. (CNSX:CHOO) for CAD 5.1 million on July 7, 2022. The consideration will be satisfied through the issuance of common shares of High Tide. As per the acquisition, High Tide will acquire two operating retail cannabis stores in British Columbia, six operating retail cannabis stores in Alberta, and one operating retail cannabis store in Ontario. For the three months ended April 30, 2022, collectively, the Stores generated annualized revenue of CAD 10.2 million and annualized Adjusted EBITDA of CAD 1.3 million. The Transaction, which is an arm's length transaction, is subject to, among other things, receipt of required TSX Venture Exchange approval, court approval, approval from various provincial regulators, and other customary conditions of closing, and is expected to close in the coming weeks. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Steven Tong was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Steven Tong was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 10
Choom Holdings Inc. Announces the Resignation of Kevin Puil and Peter Simeon from the Board of Directors Choom Holdings Inc. announced that Mr. Kevin Puil and Peter Simeon have resigned from the board of directors of the company effective immediately. Reported Earnings • Mar 04
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: CA$0.01 loss per share (up from CA$0.012 loss in 2Q 2021). Revenue: CA$4.21m (down 31% from 2Q 2021). Net loss: CA$5.90m (loss widened 92% from 2Q 2021). Revenue was in line with analyst estimates. 공시 • Dec 25
Choom Holdings Inc. announced that it expects to receive CAD 0.5 million in funding Choom Holdings Inc. announced a non-brokered private placement of 10,000,000 units at an issue price of CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on December 24, 2021. Each unit consist of one common share and one transferrable warrant with each whole warrant having an exercise price of CAD 0.05 per share for a period of 24 months from the date of issuance. The transaction is subject to the approval of Canadian Securities Exchange. All securities to be issued pursuant to the transaction are subject to a hold period of four months and one day under securities laws. Reported Earnings • Dec 01
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: CA$0.01 (up from CA$0.014 loss in 1Q 2021). Revenue: CA$4.84m (down 21% from 1Q 2021). Net income: CA$5.10m (up CA$8.06m from 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Full year 2021 earnings released: CA$0.069 loss per share (vs CA$0.098 loss in FY 2020) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2021 results: Revenue: CA$22.0m (up 200% from FY 2020). Net loss: CA$20.2m (loss widened 1.0% from FY 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 05
Third quarter 2021 earnings released: CA$0.013 loss per share (vs CA$0.02 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CA$5.10m (up 148% from 3Q 2020). Net loss: CA$3.64m (loss narrowed 6.3% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings. 공시 • Jun 02
Choom Holdings Inc. Announces Impairment for the Three Months Ended March 31, 2021 Choom Holdings Inc. announced impairment for the three months ended March 31, 2021. For the period, the company reported impairment of $839,903 against $401,189 same period a year ago. 공시 • Mar 13
Choom Holdings Inc., Annual General Meeting, May 20, 2021 Choom Holdings Inc., Annual General Meeting, May 20, 2021. Reported Earnings • Mar 04
Second quarter 2021 earnings released: CA$0.01 loss per share (vs CA$0.04 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$6.08m (up 309% from 2Q 2020). Net loss: CA$3.08m (loss narrowed 58% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. 공시 • Feb 05
Choom Holdings Inc. announced that it has received CAD 1.95 million in funding On February 4, 2021, Choom Holdings Inc. (CNSX:CHOO) closed the transaction. The company issued 27,857,143 units at a price of CAD 0.07 per unit for gross proceeds of CAD 1,950,000 in the transaction. The warrants issued in the transaction can be exercised until February 3, 2023. The company paid aggregate finders' fees of CAD 82,120 in cash and issued 1,173,140 finders warrants. Each finder warrant entitles the holder to acquire one additional common share at a price of CAD 0.12 per share on the same terms as the warrants until February 3, 2023. All securities issued are subject to a hold period expiring June 4, 2021. 공시 • Jan 28
Choom Holdings Inc. announced that it expects to receive CAD 1.925 million in funding Choom Holdings Inc. (CNSX:CHOO) announced a non-brokered private placement of up to 27,500,000 units at an issue price of CAD 0.07 per unit for gross proceeds of up to CAD 1,925,000 on January 26, 2021. Each unit consist of one common share and one-half of one transferrable warrant with each whole warrant having an exercise price of CAD 0.12 per share for a period of 24 months from the date of issuance. All or a portion of the transaction is subject to finders' fee. The transaction is subject to the approval of Canadian Securities Exchange. All securities to be issued pursuant to the transaction are subject to a hold period of four months and one day under securities laws. Reported Earnings • Dec 02
First quarter 2021 earnings released: CA$0.01 loss per share The company reported a solid first quarter result with improved revenues and control over expenses, although earnings were flat. First quarter 2021 results: Revenue: CA$6.12m (up CA$5.93m from 1Q 2020). Net loss: CA$2.95m (flat on 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 30
Full year earnings released - CA$0.10 loss per share Over the last 12 months the company has reported total losses of CA$20.2m, with losses widening by 77% from the prior year. Total revenue was CA$7.95m over the last 12 months, up by CA$7.67m from the prior year. 공시 • Jul 31
Choom Holdings Inc. (CNSX:CHOO) acquired retail Cannabis Store in Niagara Falls, Ontario for CAD 4 million. Choom Holdings Inc. (CNSX:CHOO) acquired retail Cannabis Store in Niagara Falls, Ontario for CAD 4 million on April 3, 2020. Consideration will be paid in the form of CAD 2 million in cash of which CAD 1.45 million will be funded from the cumulative operating cash flow from the Niagara Store and CAD 2 million in the form of issue of Choom shares.
Choom Holdings Inc. (CNSX:CHOO) completed the acquisition of retail Cannabis Store in Niagara Falls, Ontario on April 3, 2020.