|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0595 - 0.0623|
|52 Week Range||0.0455 - 0.1435|
|Beta (5Y Monthly)||0.82|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Choom Holdings Inc. ("Choom" or the "Company") (CSE: CHOO) (OTCQB: CHOOF), a fast-expanding Canadian retail cannabis Company is pleased to report its financial and operating results for Q3 2021, ending March 31, 2021.
Choom Holdings Inc. ("Choom" or the "Company") (CSE: CHOO) (OTCQB: CHOOF), a fast-expanding Canadian retail cannabis company, is pleased to announce that it has entered into a series of agreements with existing debenture holders to restructure (the "Debt Restructuring") approximately $25.9 million of the Company's outstanding debt, including approximately $21.8 million owing to Aurora Cannabis Inc. ("Aurora") represented by a convertible debenture (the "Aurora Debenture") having an aggregate principal amount of $20.0 million and $1.80 million in interest obligations as at March 31, 2021. The Aurora Debenture was originally issued by the Company in November 2018 and amended and restated in June 2020. The Company is also pleased to announce that it has entered into an engagement letter (the "Engagement Letter") with Canaccord Genuity Corp. (the "Agent") in connection with a public offering (the "Offering") of units of the Company (the "Units") for aggregate gross proceeds of $3.5 million (the "Minimum Offering") and up to a maximum of $5.0 million.