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Canadian cannabis retailer
Choom Holdings Inc. (CSE:CHOO) (OTCQB:CHOOF) said Tuesday that its revenue grew by 147.94% year-over-year hitting $5.1 million in the third quarter of fiscal 2021.
The Vancouver-based company also reported that revenue for the nine months ending March 31 amounted to $17.7 million, representing a 403.67% increase compared to the same period of fiscal 2020.
Choom CEO Corey Gillon said he was pleased with the company s performance over the period. Despite the increased COVID-19 restrictions and this traditionally being a slower season in cannabis retail, we continued to see strong year-over-year growth, coupled with high customer demand, he added.
Over the past nine months, the company focused on expanding its retail footprint and optimizing its existing business.