We wrote a brief on Choom Holdings (CSE: CHOO) on its first trading day back in November as a new entrant into the market. If you were able to get a hold of some shares back then you would probably be smiling as the share price has almost doubled since then and shows no signs of stopping.
Their website choom.ca is now up and running and we have been able to get a better picture of the company and their potential.
The Branding is on point as is the team driving the train
Its holding, Medi-Can Health Solutions Ltd, are still waiting for its LP license but it should only be a matter of time as they are currently in the detailed review stage.
The LP process is a difficult one but the team has reached out to Cannabis Compliance Inc. to help expedite their application and it appears that it is going to be announced very very soon.
They are awaiting their building permit in order to accelerate the completion of the tenant improvements.
Plans are for 2 phases build out which will produce (1,500 kg per year) on their 6,800 sq ft facility.
- 660 kg of dried cannabis per year – (Producing by July 2018)
- 840 kg of dried cannabis per year – (Producing by Year end 2018)
They recently closed a Private Placement for $1M and the shares have been starting to take off in anticipation of the license grant.
It appears that the train is leaving the station…. are you on-board?
Fortune Favours the Bold
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