Earnings Roundup: Choom, Red White & Bloom Brands, WeedMD

Choom Discloses Achieves Positive Adjusted EBITDA

Hawaii's Choom Gang-inspired retail cannabis company Choom Holdings Inc. (CSE: CHOO) (OTCQB: CHOOF) posted first-quarter 2021 revenue of $6.1 million. That's up by 50% from the prior quarter.

Its gross margin was roughly 36%, compared to 33% in the fourth quarter of fiscal 2020.

Choom's quarterly salary and wages reached $1.1 million accounting for 18.24% of revenue, which compares to $0.8 million or about 20% of revenue in the previous quarter.

  • It achieved a positive adjusted EBITDA of $35,000.
  • Following a new store growth strategy, Choom plans to open a new retail location in Yaletown, Vancouver for January 2021; re-opened the Westlock store location; and re-opened Camrose 48th.

Red White & Bloom Brands Reports Adjusted EBITDA Loss

Red White & Bloom Brands Inc. (CSE: RWB) (OTCQX: RWBYF) generated revenues of CA$6.09 million in the third quarter ended Sept. 30.

  • The company also noted that its unaudited pro forma revenue, which counts its pending acquisition of PharmaCo and finalized purchase of Platinum Vape, and takes the acquisitions had happened …

Full story available on Benzinga.com

More Earnings Roundup: Choom, Red White & Bloom Brands, WeedMD