Blum Holdings Inc (BLMH)

[stockanalyze]

that was due to talks of legalization at that time right?

[stockanalyze]

will be ok if they did. but then again, all those dates posted have been hypothetical so far

[stockanalyze]

i know you don't have an answer but there may be something in the answer to it.

[Parapraxis]

Remember when TRTC hit .09?
It had on major spike after (dead cat bounce) and went on to fall apart and turn into this current mess (Unraveled).
I wouldn’t expect as much of a bounce, but
It might happen again, and then this will die.

[Ndhole]

Wrong again, 5/16/2022.

[WalktheWalk]

05/16/22 Qtr 1 Earning Report according to Ameritrade.

[66]

Under a dime becomes my buy zone imo

[ThomasAn]

Would be funny if it drops to $0.10 and gets acquired for $0.13. So may dreams would be crashed.

[RML65]

Lock-up period is the standard 181 days, so shares could be cashed out by UNRV at the end of October this year.

[66]

Wow! .13 UNRV

[RML65]

Edible Garden(EDBL) is listed for IPO on Nasdaq on April 28 with a price range of $6-8, and a offering of 2.14 million shares. UNRV owns 5 million shares. We will find out the lock-up period and other details next week, but it appears UNRV will be looking at another sizeable cash inflow in the not too distant future. I just found out that a 1 for five reverse split will occur before IPO, so UNRV stake should be 1 million shares.

[ThomasAn]

I don't have that answer for you. Mr Imbimbo got his shares in exchange of the merger with Umbrella.

... now, the 10K on page 41 clarifies that the 87M shares attributed to Mr Imbimbo is used as placeholder box for a number of ownerships:

Includes
(i) 13,127,700 shares held by Mr. Imbimbo,
(ii) 816,678 shares underlying exercisable warrants,
(iii) 7,174,980 shares underlying exercisable options,
(iii)6,454,752 shares held by Mr. Imbimbo’s spouse,
(iv) 816,678 shares underlying exercisable warrants held by Mr.Imbimbo’s spouse,
(v) 1,179,578 shares underlying exercisable options held by Mr. Imbimbo’s spouse,
(vi) 19,260,742 shares held by Alpha West Holdings Inc. (“Alpha West”), of which Mr. Imbimbo is a stockholder,
(vii) 2,769,217 shares underlying exercisable warrants held by Alpha West,
(viii) 8,259,085 shares held by Rove Group LLC, of which Mr. Imbimbo is the sole member (“Rove Group”),
(ix) 12,037,719 shares underlying exercisable warrants held by Rove Group,
(x) 83,333 shares underlying exercisable options within 60 days of the Record Date, and (xi) 15,444,746 shares held by Bonaparte Group LLC, of which Mr. Imbimbo’s spouse is the managing member. Mr. Imbimbo disclaims beneficial ownership with respect to the shares held by Alpha West and Bonaparte Group LLC except to the extent of his pecuniary interest therein.

[stockanalyze]

really? why would they want to vest his 63 million shares and pay him 83K for doing nothing? just get out of the way for whom?

also, didn't oren got additional million plus shares in consulting when they already doled 9 million shares to him? i may not have my numbers correct though as have no interest in looking it up again. travesty.

[ThomasAn]

Imbimbo did NOT give away his shares. He gave up his director and counseling pisitions for $83k, and his shares became vested, which means they are unlocked without restrictions on buying or selling.

[stockanalyze]

august 2022 is when i see them reporting 1q result based on the trend i.e 5 months after the quarter ends. this time they reported 4 months after the quarter. i am going to guess that the stock will be trading between $0.001 and $0.01 by then. think. imbibo gave away 63 million shares at $88,000. why? they calculated they are worthless. opinion?

[ThomasAn]

Now we learn to watch paint dry.
The one positive to look for, are the Q1 financials coming up in four weeks. If it continues a trend of making $20M per quarter and the large one-off expenses from last year no longer interfere with the net-profit it will create a lot of confidence in the viability of the company. If it shows signs of a positive EPS this stock is going UP.

[ThomasAn]

No it was not a lie. It just clarifies what they meant on page 67 of the 10K about Nuleaf. It was a subsidiary, so when it goes, it's books goes with it and the parent company needs to subtract those values. Exactly as they did in the 10K.

"Nuleaf operations are considered held for sale as of December 31, 2021 and are therefore included in Discontinued Operations as of and for the years ended December 31, 2021 and 2020"

If you don't take this into account you would erroneously end up with only $12M in Q4.

[Chrisjl]

Ahh, the "real" numbers. So what they sent to the SEC was a lie?

[stockanalyze]

where does one go from here? can't find any optimism with the company or regulatory.

[WalktheWalk]

Well played and well said.

[oystersnbeer]

“yet the insiders are always well paid.”

They always are.
Even so, I think that unrv is worth more than .13.

Hear are the real numbers:
Q1 2021 = $5.11M - $3.06M (Nuleaf) = $2.05M
Q2 2021 = $6.26M - $3.39M (Nuleaf) = $2.87M
Q3 2021 = $23.43M -$3.38M (Nuleaf) = $20.05M
Q4 2021 = $22.7M

Total = $47.67M

So I wet my beak with some 13s yesterday.

[Ndhole]

Over $20M in revenue the last two quarters. If they can just get someone in there to run the business even remotely well this can work. Are there no real CEO's in California??

[ThomasAn]

Interesting. Thanks for sharing that.

[WalktheWalk]

Hear are the real numbers:
Q1 2021 = $5.11M - $3.06M (Nuleaf) = $2.05M
Q2 2021 = $6.26M - $3.39M (Nuleaf) = $2.87M
Q3 2021 = $23.43M -$3.38M (Nuleaf) = $20.05M
Q4 2021 = $22.7M

Total = $47.67M

[WalktheWalk]

They did $22.7 mil in 4th qtr revenue. People on Yahoo were saying it was only $12 mil in 4th qtr. Math was wrong. They didn't take away revenue made by Nuleaf for first 3 qtr. and people thought the $22.7 was a typo. We did $22.7 in 4th qtr 2021 compared to $2.5 mil in 4th qtr 2020.

[kevindenver]

LOL not the MM's fault there is a supply imbalance to the sell side...

[kevindenver]

Not "lies"...just "forward looking statements...."

[kevindenver]

Well... the merger of losers that created $UNRV is continuing the $TRTC trend as a failing entity, yet the insiders are always well paid...

[TheCreepyCracker]

Maybe Edible Gardens will buy us. https://www.renaissancecapital.com/IPO-Center/News/90295/Agriculture-company-Edible-Garden-sets-terms-for-$15-million-IPO
LOL

[ThomasAn]

He was off about the speed of recovery and his projections for Q1, but he did accomplish a bit with acquisitions. The company went from 52 to 330+ employees. This is not nothing. Overall I remain neutral to slightly positive on this stock.

[Chrisjl]

More like a 6-month paid vacation with benefits. This company rewards liars.

[ThomasAn]

They got fired.

[skyhigh50]

You got that right. The lies from frank was none stop.

[Chrisjl]

Looking forward to never purchasing another Rivaled Brands product ever again. I don't do business with liars.

[skyhigh50]

You are so right. I should have dropped this stock. The silent treatment said it all. I was a fool to believe Frank was being honest with the shareholders. I don't see this stock recovering. I say .10 by market close.

[ThomasAn]

You are a bit late to react. The time to get out was last week when the report was delayed with no communication and realizing that late week reports are often not positive. THAT was the time to read the tealeaves and make an exit. Reacting now during volatility along with everybody else is painful.

I suspect it will recover a little after the emotions quiet down. People are angry at Frank.

[skyhigh50]

MM's are bleeding us dry. I can't get out of this fast enough.

[oystersnbeer]

Bye

[skyhigh50]

I'm cutting my losses. I don't like liars. Frank was pumping the stock.

[oystersnbeer]

I have been around here quite a while.
So have ThomasAn and kevindenver.

Looking for knowledgeable unbiased opinion?

Listen to them.

[ThomasAn]

Yup. He shouldn't have said that. Looks like he meant the shorters will be pleasantly surprised. (They are people too)

[skyhigh50]

I'm done. Frank was pumping this stock and the management team did nothing to stop it. His exact words to me was " Q4 would be out March 31st and I think people will be pleasantly surprised."

[ThomasAn]

I said "neutral" because they had similar language last year. Here is the annual from last year and they have similar cautions under risk factors. It doesn't mean it's good, but it's consistent verbiage.

https://ir.unrivaledbrands.com/sec-filings/all-sec-filings/content/0001477932-21-001784/trtc_10k.htm

[skyhigh50]

Saying they may not be able to keep things going for the next 12 months isn't neutral. We now know why Frank and the others was removed. The company could no longer afford to pay there salary. These guys was pumping this stock knowing it was in very bad shape financially.

[kevindenver]

What makes you think $UNRV is an acquisition target?

I see nothing special at all about $UNRV. Plus, $UNRV was recently created through an acquisition/merger and doubled the shares outstanding.

[ThomasAn]

In my view it's neutral. Neither here nor there. It'll probably stay in the teens for a while and people will start making decisions once Q1 comes in the next month and starts hinting on a trend. It's basically a different company than last year.

[stockanalyze]

thank you for putting them all. i am just wondering if i should sell rest or even buy more at these prices. legalization bill timeline is pushed back to august and may never happen. they need to show revenues, profit and no dilution.

[stockanalyze]

do the action seem like they are clearing the deck for the company to be acquired? imbibo giving up shares is big signal imo.

[ThomasAn]

Some numbers:
2021 Book Value = $0.29
2020 Book Value = $0.30

2021 EPS = -$0.06
2020 EPS = -$0.16

2021 Revenues = $47,673,000
2020 Revenues = $6,161,000

2021 Gross Profit = $11,967,000
2020 Gross Profit = $2,643,000

2021 Gross Margin = 25.1%
2020 Gross Margin = 42.9%

2021 Cash = $6,891,000
2020 Cash = $217,000

2021 Employees = 334
2020 Employees = 52

2021 Retail operations = 6, Distribution centers = 3
2020 Retail operations = 2, Distribution centers = 0

2021 Net Loss = $31,271,000
2020 Net Loss = $30,117,000

[kevindenver]

My opinion remains negative for $UNRV and all small retail cannabis operations.

They can't seem to reduce costs, they can't grow revenues, and tax relief is nowhere to be found.