I purchased at a thrift store a Bazooka Gum wooden cane. Has anyone else ever seen one of these?

Yes, the Bazooka canes are somewhat common and can be found if desired.

Neat item tho!

I see these every once in awhile. They were never available by redeeming the gum comics through Topps (as far as I know). I imagine they might have been sold in Woolworths or other five & dime stores?