CHOOF trade ideas
Like the chart, they also have nice retail storesNo idea of fundies, we built a couple of there store interiors at my day job. Wish I had access to management, I believe they acquired license to operate in jersey, only reason they are on my radar(bearish strictly Canadian operators, as I am self loathing Canadian). Was interesting to see them the only green on my list of weed this week at points. On my radar still. They have retail locations in some very remote locations in Canada, could be good for brand recognition. Personally I think the name choom is dumb AF, I think hipsters will love it though( as well as new marijuana users because of legalization). You can tell management has no idea how to play the sector. This is a bet on human stupidity at best. Regardless, I think it is a name to watch if they are successful in moving into US(god help them). I think they would benefit from getting some consulting from outside the white collar business community.
Long CHOOF @ .70Entering CHOOF a Canadian cannabis retailer that seems to have a jump on the market and competition in terms of
licenses and locations. And the have the cool factor...
Entering @ .70 at the bottom of an upward sloping channel. I believe we have tree shaking and
share theft going into the final vote for legalization. We could have downside but I believe it can be
held through for a quick recovery and eventual new highs.
Chugga Chugga - Chugga Chugga - CHOOF CHOOOOOOOF