Blum Holdings Inc (BLMH)

[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.

[stockanalyze]

so is there a drop in outstanding shares by 63 million shares that imbibo had? what do you see positives now when schumer moved his bill to fall of this year?

[WalktheWalk]

Post on Yahoo with $83,000,000 to Dallas was wrong and poster realized it and took it down with correction. Its $83,333, but I believe he still keeps his millions of shares. They said UNRV will recieve about 15 million in cash for the 3 Nevada Dispensary sales over the next few months. That will be a shot in the arm at a very needed time. 6 million Revenue in 2020 to 47 million in 2021 is a big amount even though they didn't hit 70 million mark in pro forma. And going from 52 employees to 334 is another big amount and shows how big they got last year, but expenses also rose big time. I believe a big factor in the lower 4th qtr results was due to unemployement checks stopped on Sept 6 2021 for millions of people receiving Covid Unemployment checks and the last 3 months is the 4th qtr and was greatly affected. Cultivation and distribution went up alot, from $460,000 to $23,000,000 over the previous year. Huge jump. Cultivation / Distribution is now 48.5% of Revenue while retail was 51.5%. We need margins go get back higher, Newsome lower California taxes and Safe Banking from the Senate to go through and we'll be sitting pretty.

[stockanalyze]

your opinion on the report? my quick read tells me they are preparing for sale. cleaning out, reducing expenses, and outstanding shares should be lower. the revenue are only for one quarter after people's. i guess i must be wrong as yahoo message board is full of that this is going to bankruptcy and done with. they are also saying company owes 83 million to imbibo. pitch in please.

[ThomasAn]

Vested shares means they are "unlocked" so to speak. It's shares that you own, even if you're fired or you quit. So he has no director or advisory positions, but still owns 17% of the company ... at least that's my understanding so far.

[stockanalyze]

what is your opinion of the report?

[stockanalyze]

oren's agreement has ended. did his 9 million shares vest yet? if not, less outstanding shares?

[stockanalyze]

imbibo had approx 63 million shares and sold back to company for $83,000.00 . is that not big? less outstanding shares. i have been saying that imbibo should forfeit them.

“On April 14, 2022, the Company and Dallas Imbimbo, an advisor to the company and a director of the Company, agreed to terms on a separation agreement. The company agreed to vest 100% of Mr. Imbimbo's restricted common stock granted pursuant to the Advisor agreement with Mr. Imbimbo. The company agreed to vest 100% of the options to purchase shares of the Company's common stock granted as part Mr. Imbimbo's Independent Director Agreement. The Company will pay Mr. Imbimbo $83,333.30 in cash compensation. As part of this agreement Mr. Imbimbo has resigned as a director of the Company and as an Advisor to the company.”

[TheCreepyCracker]

You know, the Yhoo unrv board is a little more interesting than this one nowadays. Just wondering how many of us are also posting over there. I think I have a few of you figured out.
Don’t want to know names , just numbers.
And yes , I am bored waiting for earnings.

[Parapraxis]

I made a little money off TRTC. I haven’t owned any UNRV and doubt I ever will.
The long Marijuana shake out is nearing it’s end. The smaller companies are failing and consolidation will continue. GLTA.

[kevindenver]

The one claim to fame $TRTC has is that it was one of the very first publicly traded "pot stocks" and we were there!

I actually made money on the saga.

[kevindenver]

I wouldn't be surprised if the California situation is on track to fail just like NJ did for $TRTC.

[Parapraxis]

Curaleaf has the largest marijuana footprint in New Jersey and has expressed a desire to expand that footprint.
With recreational sales only weeks away, the long awaited legalization of New Jersey comes to fruition.
Terra Tech, which in a sense is Unrivaled,
dreamed of this and sold the idea to many of your CURRENT fellow shareholders.
One of the main selling points was the Extraordinary indoor greenhouse located in Belvedere, NJ. The bag most Unrivaled shareholders are holding was based on that NJ sales pitch that Terra Tech threw at them.
Now, Curaleaf is going to make it a reality.

[stockanalyze]

not sure how this relates to unrv? this company has shown how fraud perpetrates. companies are reporting 1Q2022, they haven't reported even 2021 results. i am not holding my breath for this to go down to $0.01 if it does. so what happened to schumer legalization bill? what happened to frank saying it was good for unrv if legalization does not happen?

[Parapraxis]

Curaleaf just got approved for New Jersey recreational sales which should begin by May 15 or earlier. Remember when that company Terra Tech?
They talked about how that would catapult the PPS.
The Jersey Shore season starts on Memorial day.
Bam!

[Parapraxis]

Unraveled.

[Chrisjl]

Rivaled.

[kevindenver]

I don't think $UNRX has any legs, but what is worse is I don't think they are acquisition candidate in any way either.

[stockanalyze]

does this have legs? very confused with what is going on

[oystersnbeer]

Fauci Testifies That Legalizing Marijuana Would Help People Who Have to Listen to Ted Cruz Talk
By Andy Borowitz
April 1, 2022

WASHINGTON (The Borowitz Report)—Adding his voice to the movement to legalize cannabis at the federal level, Dr. Anthony Fauci testified that marijuana could be helpful to people who have to listen to Senator Ted Cruz speak.

“Medically speaking, there is no way to completely alleviate the pain of hearing Ted Cruz’s voice,” Fauci told the Senate. “But, anecdotally, I can tell you that marijuana helps.”

Fauci said that a septuagenarian man who had previously suffered while listening to Cruz noted “marked improvement” when he ingested marijuana prior to another encounter.

“The results were dramatic,” he said. “His feelings of anger, depression, and despair were all greatly reduced.”

“Sitting here before you today, I can tell you that people are breaking the law in order to survive experiencing Ted Cruz,” he said. “They should be allowed to come out of the shadows.”

https://www.newyorker.com/humor/borowitz-report/fauci-testifies-that-legalizing-marijuana-would-help-people-who-have-to-listen-to-ted-cruz-talk?

[stockanalyze]

there is something up for sure as i have been saying and that this delay is not routine. not sure if negative or positive but the whole ship is without a captain and that worries me. the guy you all quoted who tweets is the one looted of what 9 million shares as stock options to himself? he can tweet all he wants after he is out and raking in consulting fee as an advisor. the insiders hold majority of this and would lose all if the ship sinks, is making me hold my paltry position , got rid of most as i said here earlier. thoughts? i have no clue.

[FelixWankel]

Newsmax: House Expected to Pass Bill Friday to Legalize Marijuana

https://www.newsmax.com/newsfront/marijuana-decriminalize-house-democrats/2022/03/31/id/1063837/

[ThomasAn]

Last time this happened, 200M shares were added to the OS. So, it's 50% dilution per merger.

[TheCreepyCracker]

He sure as heck talks or ‘tweets’ a lot about it.
Interesting scenario.

[frank38]

I think we are going to see a reverse merger here. There are plenty of privately held cannabis companies that would love to get onto the public markets before federal legalization takes place.
The NASDAQ and NYSE aren't allowing applications from American cannabis companies currently and even when they do, a private company will have upwards of a year to complete an IPO filing and roadshow. So, if you are a large privately held company like Eaze or Cookies, why not reverse takeover a bitesized public company like Unrivaled in order to list on a public exchange and then uplist to a larger exchange when it is allowed. The process only takes 4 - 6 weeks.

Got this idea from Oren's recent post: twitter.com/orenmeetsworld/...

[ThomasAn]

There is usually a sell-off after a 10k delay like this. At this point it seems either Ms Davis is too green to know how to file a press release, or there is nothing she can say that will not drop the stock price anyway.

[Chrisjl]

The sell off will be spectacular. Rivaled.

[Stojanco]

What a hot mess.

[BidnessMan]

15 days from now.

[BidnessMan]

Filing will be up to 15 days late.

The story is they brought so much they could not digest it all by the 31st.

Could be real or could be the beginning of the end.

They need to address this on social media.

[Chrisjl]

Pot stocks get a little attention and these guys drop off the face of the earth. Nice timing, Rivaled.

[BidnessMan]

I think it was a poor decision unless they were blindsided.

Best case - they chose to not burden the company with their salary costs and are hoping the stock does well off this quarterly report.

Worst case - they are leaving the spot light because their predictions for a great quarter is off.

[ThomasAn]

Thanks for that link. So, they have no obligation to file a week PRIOR to a quarterly or annual (so long as they issue a press release at the same time) ... but they are in violation of 3.1.l.2 for not issuing a press release for the management change at the same time as they filed the 8K. The 8K alone was not enough.

"2. Timely Disclosure of Material News Releases/Developments:
A. An OTCQX Company is expected to release quickly to the public any news or
information which might reasonably be expected to materially affect the market for
its securities. This is one of the most important and fundamental purposes of
the OTCQX market.
B. An OTCQX Company should also act promptly to dispel unfounded rumors that
result in unusual market activity or price variations.
C. Information required to be released quickly to the public under this Section 3.1
(l)(2) should be disclosed in a press release through the OTC Disclosure & News
Service or an Integrated Newswire (or a combination of methods).


Annual and quarterly earnings, dividend announcements, mergers, acquisitions, tender
offers, stock splits, -->major management changes<--,"

[Stojanco]

Correct i know they have to file its common sence. Im not hinting they will be late, but i do feel like the deadline is around the corner.

Im simply asking when is the deadline.

Thank you for your help!

[BidnessMan]

https://www.otcmarkets.com/files/OTCQX_Rules_for_US_Companies.pdf

[BidnessMan]

No reason to think it will be late. And no 8k saying they would be late.

A Company that is an SEC Reporting Company must
file, on an ongoing basis, all annual, quarterly and other interim reports required to
be filed on EDGAR

[Stojanco]

When is the last day, they have to report to be comliant?

[ThomasAn]

Can you link us to the OTCQX reference ? I wonder if the press-releases are customary in the industry and we got spoiled expecting them, or if it is really a rule that needs to be followed.

[Ndhole]

$UNRV's communications have been compliant.

[@LaughinPaulRyan]

… told y’all so … $UNRV #LootWallStreet #ExtremelyValuableDueDiligence

[Sprockett]

I do not disagree that UNRV has been compliant in their fillngs. The S.E.C. did call into question the failure to disclose information with regards to the "Peoples" acquisition. The fact that UNRV terminated the top executives and gave a very general statement as to why is disturbing. The 8k stated market conditions. If it has to do with the taxation on Marijuana businesses that makes no sense as this situation isn't new. If is about inflation again this isn't new information. When you pull the executive compensation the C.E.O. made nothing and the president and the C.F.O. only made a few hundred thousand dollars, so that isn't saving the company much. I could be wrong but there is something not right here. There is a lot more that goes with filing than just the quarterly earnings reports. They must file anything that could materialy affect the companies earnings or it's continued operations. Also with regards to these filings the companies is some cases must also make a press release which is separate from their regulatory filings. Please educate yourselves on these regulations they are in place to protect you. I also understand that these message boards or filled with those that want to take advantage of people.

[Sprockett]

If you were to read the OTCQX Rules for U.S. Companies you would have seen the requirement for a press release. A filing with the OTCQX nor the S.E.C. is considered a press release. It stipulates within those rules what is considered a press release. This information is publicly available. I don't mind being corrected when the information being offered in these forums is correct. I will however point out when it isn't as too many people say irresponsible things. In these forums to do nothing more that lump up a thinly traded stock price.

[TheCreepyCracker]

House vote and bet 8K coming out stating earnings next week. Should be an interesting week.

[TheCreepyCracker]

I hope everyone used this opportunity to increase their share count.