Blum Holdings Inc (BLMH)

[Parapraxis]

OTC stock. It’s likely they won’t do a thing.
Maybe a little chuckle. That’s about it.

[stockanalyze]

finished writing to top person at SEC, let's see if they do anything, little hope they do anything, sometimes they may wake up. gave them enough on this company with facts.

[stockanalyze]

have been reviewing other such filings. this company appears to be rife with fraud. they issue shares to each other for no valid reason, they should not vest immediately and rampant issuance of free shares to insiders. they are taking this to toilet.

[stockanalyze]

another 100,000 shares each, doled out free to each of them for nothing and fully vested upon award and not even vesting like options over 4 years. the fraud goes on .
https://www.sec.gov/Archives/edgar/data/0001451512/000147793222004473/xslF345X03/form4.xml

https://www.sec.gov/Archives/edgar/data/0001451512/000147793222004474/xslF345X03/form4.xml

fraud, fraud fraud

[stockanalyze]

unless they show stellar sales this quarter, i highly doubt it:
recession, elections etc. etc. once this slips more, would be hard to shore up.
hanging by a thin thread and can snap quickly. only the strong ones would survive in this economic environment and the way this is showing, looks weak.

[polyglot64]

UNRV 0.24 by Jan 2023.

[polyglot64]

BTDT.

[Captainandy]

#UNRV: https://unrivaledbrands.com/ $0.08

https://www.otcmarkets.com/stock/UNRV/news


https://unrivaledbrands.com/


During the three months ended March 31, 2022, the Company generated total revenue of $20.73 million composed of retail revenue of $12.11 million and cultivation/distribution revenue of $8.62 million. This compared to total revenue of $2.06 for the quarter ended March 31, 2021 which included retail revenue of 1.70 million and cultivation/distribution revenue of $0.36 million. This was an increase of 907.5% in total revenue.

The Company’s gross profit for the three months ended March 31, 2022 was $6.43 million, compared to a gross profit of $0.19 million for the three months ended March 31, 2021, an increase of $6.24 million or 3,268.1%.

[Parapraxis]

It’s under that this morning.
You should buy a bundle!

[polyglot64]

Hard to buy low., Folks are not willing to sell below .086 recently. Used to buy 10k shares at that level or lower to trade out of on pops, not anymore. Not sure why.

[Captainandy]

https://twitter.com/unrivaledbrands

[Captainandy]

#UNRV: Unrivaled Brands Reports First Quarter 2022 Financial Results...0.08

https://unrivaledbrands.com/brands/

https://www.otcmarkets.com/stock/UNRV/news/Unrivaled-Brands-Reports-First-Quarter-2022-Financial-Results?id=357361


Unrivaled Brands Reports First Quarter 2022 Financial Results
Press Release | 05/16/2022


SANTA ANA, Calif., May 16, 2022 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQX: UNRV) ("Unrivaled" or the "Company"), a multi-state vertically integrated company focused on the cannabis sector with operations in California and Oregon, today reported its first quarter 2022 financial results for the quarter ended March 31, 2022.

Tiffany Davis, Chief Executive Officer of Unrivaled Brands, stated, “In my recent shareholder letter, I emphasized the importance of a Company’s management and board being able to act swiftly and responsibly to both preserve value and effectively position the organization to capture future growth.

“I further indicated our immediate focus was to protect our performing assets and to firmly plant us on the path to profitability, beginning with the development and execution of a 100-day transformation plan.

“I am pleased to report that after an exhaustive review of each of the company’s business units, we have made significant strides in tightening operations and improving financial systems and controls. We have addressed and continue to identify meaningful opportunities to reset the cost structure.

“We also are taking the necessary steps to restructure our debt, starting with People’s First Choice which will begin to help us preserve operating cashflow. In addition, we are actively pursuing sources of non-dilutive capital.

“Finally, we realize any transformation takes time and we have a lot of work ahead of us. We expect to announce new members of the management team who have successfully led relevant transformation and turnarounds prior to joining Unrivaled.

“I continue to be encouraged by our team members who remain hard at work and focused on our day-to-day business.

“Together, we are making progress and I look forward to sharing more details on our refined strategy and the resulting specific accomplishments, in the coming weeks and months.”

Financial Update

During the three months ended March 31, 2022, the Company generated total revenue of $20.73 million composed of retail revenue of $12.11 million and cultivation/distribution revenue of $8.62 million. This compared to total revenue of $2.06 for the quarter ended March 31, 2021 which included retail revenue of 1.70 million and cultivation/distribution revenue of $0.36 million. This was an increase of 907.5% in total revenue.

The Company’s gross profit for the three months ended March 31, 2022 was $6.43 million, compared to a gross profit of $0.19 million for the three months ended March 31, 2021, an increase of $6.24 million or 3,268.1%.

The merger with UMBRLA and the acquisitions of People's First Choice and SilverStreak Solutions in 2021 led to more operations with additional facilities, employees and costs to support them. Selling, general and administrative expenses for the three months ended March 31, 2022 were $18.77 million, compared to $12.65 million for the three months ended March 31, 2021, an increase of $6.12 million or 48.4%. For the three months ended March 31, 2022, amortization and depreciation expenses increased by $2.76 million over the three months ended March 31, 2021, facilities related expenses, such as rent, utilities, repairs and maintenance, security and insurance, increased by $2.38 million over first quarter of 2021. Option expense and director’s compensation increased by $1.81 million with the addition of two more board members or 196 percent. Taxes, licensing and permitting increased by $1.27 million. Advertising increased by $0.90 million. Employee related expenses decreased by $4.86 million or 69.4%.
About Unrivaled Brands

Unrivaled Brands is a multi-state vertically integrated company focused on the cannabis sector with operations in California and Oregon. In California, Unrivaled Brands operates five dispensaries, direct to consumer delivery, a state-wide distribution network, company-owned brands, and two cultivation facilities. In Oregon, we operate a state-wide distribution network, company-owned brands and outdoor and greenhouse cultivation. Unrivaled Brands is home to Korova, the market leader in high potency products across multiple product categories, currently available in California, Oregon, Arizona, and Oklahoma, as well as Sticks and Cabana.

For more info, please visit: https://unrivaledbrands.com.

Cautionary Language Concerning Forward-Looking Statements

Certain statements contained in this communication regarding matters that are not historical facts, are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, known as the PSLRA. These include statements regarding management's intentions, plans, beliefs, expectations, or forecasts for the future, and, therefore, you are cautioned not to place undue reliance on them. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by law. We use words such as "anticipates," "believes," "plans," "expects," "projects," "future," "intends," "may," "will," "should," "could," "estimates," "predicts," "potential," "continue," "guidance," and similar expressions to identify these forward-looking statements that are intended to be covered by the safe-harbor provisions of the PSLRA. Such forward-looking statements are based on our expectations and involve risks and uncertainties; consequently, actual results may differ materially from those expressed or implied in the statements due to a number of factors.

New factors emerge from time-to-time and it is not possible for us to predict all such factors, nor can we assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. These risks, as well as other risks associated with the combination, will be more fully discussed in our reports with the SEC. Additional risks and uncertainties are identified and discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed from time to time with the SEC. Forward-looking statements included in this release are based on information available to Company as of the date of this release. The Company undertakes no obligation to update such forward-looking statements to reflect events or circumstances after the date of this release.

Contact
Jason Assad
LR Advisors LLC.
[e-mail]
678-570-6791

[Captainandy]

https://www.otcmarkets.com/stock/UNRV/profile

[Captainandy]

#UNRV: https://unrivaledbrands.com/


https://unrivaledbrands.com/wp-content/uploads/2021/07/korova.jpg

[Captainandy]

#UNRV: TIME TO LOAD UP FOLKS... 0.08




https://www.stockscores.com/chart.asp?TickerSymbol=UNRV&TimeRange=180&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=&Band=&avgType1=&movAvg1=&avgType2=&movAvg2=&Indicator1=None&Indicator2=None&Indicator3=None&Indicator4=None&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen

[stockanalyze]

they have 3 weeks to get the sales up, cost down to make 2q numbers solid.
if they don't, they are done with. it is the last lifeline to prove themselves. and they will need to report very soon in july.

[kevindenver]

Nope, caveat emptor suckers.

should insiders be prosecuted for enriching their pockets with free shares, buying people's with false hopes and tanking this business even with a name change? where is that frank guy hiding?

[stockanalyze]

should insiders be prosecuted for enriching their pockets with free shares, buying people's with false hopes and tanking this business even with a name change? where is that frank guy hiding?

[stockanalyze]

so where do you see this going?

[@LaughinPaulRyan]

… love this blood ?? in the streets … $UNRV #LootWallStreet #ROFLMFAO

[stockanalyze]

looks like we will be taking these paper certificates to our grave

[stockanalyze]

how can the insiders sleep through the night taking millions in shares as options but tanking this company even after a name change?

[stockanalyze]

i thought your god frank said that having no legalization was good for unrv. what happened? or did he quietly slip away?

[stockanalyze]

insiders give up all the free shares they have accumulated as they failed to perform, lower cost of production, renegotiate rent and everything else, increase sale price per unit to milk every penny out of it, get safe banking passsed. nothing more to it.

[ThomasAn]

Unfortunately I don't see the price moving up. There are factors outside company control that seem to take priority. Those that pay attention see massive inflation in the horizon, a looming housing bubble (similar or bigger to 2009), supply chain strains, energy costs, agriculture strains due to Ukraine and fertilizer shortages ... and a looming overall shortage at the grocery stores possibly by August (that even Biden admitted). This country has never seen famine, but if anything close to it manifests, people won't have money to spend on expensive cannabis, they'll go back to cheap alcohol, or they'll chance buying pot off the street like in the past decades.

[polyglot64]

Meaningless.

If you are comparing TRTC and the environment for Pot stocks prior to the pandemic to today, it's a mistake. the times are different, and the companies are different.

Today it is better to look for dividends, stability and inflation proof.

No pot stocks fit; I do hope you know that.

When times are turning around it's time to buy pot stocks - with money you can lose and never care.

[polyglot64]

That is how math works.

Going up 10 percent is about the return on your investment.

With you probably 10% is zero point zero zero based on your posts.

With someone else it's a 10% return on a flip.

And for investors it's indicative of interest.

[stockanalyze]

omg it went up 10% with an increase of 0.008 cents. that would look like 100% increase if it were $0.008. lol.

[stockanalyze]

the insiders who got millions and millions in free shares, should give them back and have less o/s . they dont deserve it.

[stockanalyze]

where is hope? is it safe banking only that is left? i was assuming all along they are preparing to get acquired after they dismissed headcounts. but i think i may be wrong. trying to see the silver lining if any.

[WalktheWalk]

So the share price should be 3x it is today according to book-value of .27 per share per zacks.

[ThomasAn]

Interesting illustration: Book value per share since 2018

https://www.zacks.com/stock/chart/UNRV/fundamental/book-value

[ThomasAn]

That's on page 24 of the 10Q from Monday.

[stockanalyze]

what is left here? any news of development? what development? what to wait for?

[stockanalyze]

on yahoo group someone posted the following. i can't find it under sec filing, like to see more details. is this true? wasn't this deal,supposed to get them a chunk of money in millions (which they will evaporate when they get it like they hosed hydrofarm's money)


"On May 11, 2022, Unrivaled and its wholly-owned subsidiary, Medifarm I, LLC (“Plaintiffs”) initiated an action in the Second Judicial District of the State of Nevada, County of Washoe, against Mystic Holdings, Inc. (“Mystic”) and Picksy Reno LLC (collectively with Mystic, “Defendants”) in connection with Defendants’ failure to honor Plaintiffs’ exercise of a put option entitling Plaintiffs to the repurchase of approximately 8,332,096 shares of Mystic at a price of $1.00 per share"

[all4weed]

I am disappointed with their results, their earlier guidance was $120-130 mil with all them combined, with this run rate and 5-10% qtr growth, they won't be more than than 90-95 mil with all the quarter's growth rate unless they are adding more stores.

The only way this goes up is that their x directors or x ceo's return back the shares they have been allotted and reduce the outstanding by 50-100 mil shares to accommodate the less revenue they will generated compared to the proforma revenues they had earlier suggested.

The paid a lot more in shares for companies that are not generating the revenue at which they got evaluated. They need to reduce the share count to reflect that by 50-100 mil shares,

[ThomasAn]

Quote: California Governor Proposes Marijuana Tax Cuts To Combat Illicit Market
The governor emphasized on Friday that he was specifically committed to exploring ways to minimize the influence of illicit growers and sellers on undercutting legal, licensed businesses.

https://www.marijuanamoment.net/california-governor-proposes-marijuana-tax-cuts-to-combat-illicit-market/

[ThomasAn]

They have a lot more revenue, but still spend more than they bring in. The good news is their 22Q1 net loss was $8.8M versus 21Q1 of $12M. So their losses went down 30% YoY this quarter and we are looking at an $80M run rate.

[Lobo505]

A financial blib or have they finally turned the corner?

[oystersnbeer]

Unrivaled Brands Reports First Quarter 2022 Financial Results

During the three months ended March 31, 2022, the Company generated total revenue of $20.73 million composed of retail revenue of $12.11 million and cultivation/distribution revenue of $8.62 million. This compared to total revenue of $2.06 for the quarter ended March 31, 2021 which included retail revenue of 1.70 million and cultivation/distribution revenue of $0.36 million. This was an increase of 907.5% in total revenue.


The Company’s gross profit for the three months ended March 31, 2022 was $6.43 million, compared to a gross profit of $0.19 million for the three months ended March 31, 2021, an increase of $6.24 million or 3,268.1%.


The merger with UMBRLA and the acquisitions of People's First Choice and SilverStreak Solutions in 2021 led to more operations with additional facilities, employees and costs to support them. Selling, general and administrative expenses for the three months ended March 31, 2022 were $18.77 million, compared to $12.65 million for the three months ended March 31, 2021, an increase of $6.12 million or 48.4%. For the three months ended March 31, 2022, amortization and depreciation expenses increased by $2.76 million over the three months ended March 31, 2021, facilities related expenses, such as rent, utilities, repairs and maintenance, security and insurance, increased by $2.38 million over first quarter of 2021. Option expense and director’s compensation increased by $1.81 million with the addition of two more board members or 196 percent. Taxes, licensing and permitting increased by $1.27 million. Advertising increased by $0.90 million. Employee related expenses decreased by $4.86 million or 69.4%.

[Ndhole]

Oops!!

[Chrisjl]

Looks like these zero-credibility liars don't know how to file on time or communicate with the few shareholders that remain.

[ThomasAn]

Nobody knows.
By my understanding of OTCQX rules,the latest they can file is the 20th. (They get 15 days from Q1 end plus five days late extention)

[stockanalyze]

is earnings released monday? that would be a miracle. i was hoping they take another 6 months as guessing it will be horrible. this is their only lifeline, otherwise this is going down toilets. there are rumours of safe banking but we have seen how those rumours have worked out.

[Parapraxis]

Thank you.
Same to you.

[WalktheWalk]

I know you don't have position, you already told me that. Just being sarcastic. What ever position, Good Luck!

[Parapraxis]

I don’t have a position in this.
My Marijuana play is Curaleaf.

[WalktheWalk]

Sure, I post once in a while, not nearly as much as you. As far as guessing what position I hold, you off by long shot. Underwater yes, but in a great position. Good Luck with your position.

[Parapraxis]

You seem to be wasting enough time posting in response to my posts.
You must be extremely underwater in this stock. You need to direct your animosity at the people who’ve failed you here.

[WalktheWalk]

I have better and more important things to do than posting on a board that I have nothing to do with. Seems like a big waste of time, obvious you don't think so. I'll give a try, NOT...