Blum Holdings Inc (BLMH)

[stockanalyze]

just noticed they have again diluted shareholders too much. the management is a shame.

[stockanalyze]

if 48 are no, it won't pass. in fact, it may not even pass the house. schumer keeps saying he wants to add social stuff thus making it legalization bill and that would be a non starter as i understand for mitch. if you look at price increases in last 7 days, tells you most are skeptical that safe will go through. this company needs to show growth irrespective of safe.

[stockanalyze]

mitch is minority leader for 48 votes under him. they only have 40 confirmed senate votes now, need 60 total. even if 100% dems vote, they still need 10 r's and they only have 5 confirmed so far. not impossible but will be very hard sell. political problem. in fact, even house may not be able to vote as the majority in house flipped (passed 7 times in house before). the committe chair in house is on record last week saying it is not his priority. i was hopeful but after digging deep, not sure anymore unless mitch speaks. if they leave it as standalone with no additions, may be there is a chance but chuck keeps his tirade on adding social stuff to it than doing it piecemeal. i am not sure and at this time, i think it won't pass. politics at best and d don't have enough votes in either house or senate.

[BidnessMan]

Mitch is not in charge of anything.

Kevin McCarthy, Chuck Schumer and Joe Biden are the key players.

[stockanalyze]

until mitch opens his mouth safe is dead again. he is dead against it. his state just legalized it but under a d governor. that is the only silver lining but he doesn’t care imo. also in this election cycle, very hard that r’s would get behind it. even chuck is still ranting that he is going to introduce more things in this standalone bill, which is a non-starter, as they did a standalone bill for a reason. sad. comments?

[stockanalyze]

reading safe banking is back on the table with 40 confirmed. need 60. will they have it? if yes, how high is this going or management will find something to screw this up again?

[stockanalyze]

time for them to buyback without announcing, it is the best thing they can do , but will they? they have done stupid things all along so have little hope.

[BidnessMan]

New CEO is the real deal.

Biden has pushed the FDA to reschedule MJ. maybe he will finally get rid of the GOP left overs in the FDA, Post Office and other agencies being lamed by these churchy assholes in his second term.

[stockanalyze]

are alcohol and tobacco companies jumping on marijuana legalization? they need more revenues? but stock price of marijuana companies don't reflect it, may be they know schumer will never bring it for vote as he had too many chances in last 2 years but did not except bluff

[stockanalyze]

told unrv to settle back in august. lol. they do it now ? after ruining the company and their names. they are getting free advice here. another piece of advice: california is prime market for their business, don't screw it up, it is legal, grow it, grow it free . just learn from others, like a company partnered with gas stations. spend zero money in partnering and share revenues. they are small and can grab a lot of market share. it is now or never for this company. distrubution is everything and does not need much capital. they are small and can do it cheap with not much overhead.

https://ir.unrivaledbrands.com/news-events/press-releases/detail/350/unrivaled-brands-and-peoples-california-reach-settlement

[JMCK6193]

Peterson, then Peterson's wife, now the new owners = SCAM

[stockanalyze]

you forgot the dilution that they just did. they are corrupt.

[BidnessMan]

LMAO the tails are done wagging the dog.

The new management are coming thru in a big way. Increased revenues, decreased costs -

Still cheap compared to real worth.

[JMCK6193]

Yes, it's been done since Peterson's wife took the booty.

[stockanalyze]

this is done and finished. they are burning money in bogus lawsuits defending themselves of wrongdoing when they actually did wrong. time for corporate veil piercing. did you see how many shares they gave away to fund their operations? this company is in california where cannabis companies are making ton of money.

[BidnessMan]

Glad I loaded up in the .018 levels. Looks like two more dispensaries. They might be expecting the FDA to finsih it's evaluation of MJ as Joe Biden asked them last year. Given the current clown show I doubt the GOP will be able to squash this.

[02opida]

SANTA ANA, Calif., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (OTCQB: UNRV) (“Unrivaled,” “Unrivaled Brands,” or the “Company”), a cannabis company with operations in California, enters into binding Letters of Intent with two Cookies branded retail stores: Cookies Redding in Redding, CA and Cookies Oakland in Oakland, CA.

On December 30, 2022, the Company entered into binding Letters of Intent with each of Green Door Redding, LLC (“Cookies Redding”) and 510 Retail & Events, Inc. (“Cookies Oakland”) pursuant to which Unrivaled is purchasing an Option to Purchase each of the dispensaries and will also negotiate and enter into a Management Services Agreements to operate the respective dispensaries.

Options to Purchase

Both the Letter of Intent with Cookies Redding (the “Cookies Redding LOI”) and the Letter of Intent with Cookies Oakland (the “Cookies Oakland LOI”) provide Unrivaled, for a period of 12 months, with an option to purchase each of Cookies Redding and Cookies Oakland on terms mutually agreeable to the parties. The Company is paying an equivalent of $1,000,000 (the “Cookies Redding Option to Purchase Deposit”) and an equivalent of $500,000 (the “Cookies Oakland Option to Purchase Deposit”) in shares of the Company’s common stock (“Common Stock”) at the closing share price on December 30, 2022. Each of the Cookies Redding Option to Purchase Deposit and the Cookies Oakland Option to Purchase Deposit will be applied to the purchase price of each dispensary at the time of purchase if such purchase occurs.

[sirius22]

Burn baby, burn! ????

[sirius22]

Long live the glory that was Blüm! RIP

[sirius22]

Yep

[Parapraxis]

Legal Thievery.

[stockanalyze]

now the insiders are taking every penny out to defend their name. it is not right. they did do wrong. this company is finished. the insiders were busy looting free shares than making the company healthier. time for justice for shareholders.

[Magnum7419]

unreal still here 8years following this pos......smh
https://seekingalpha.com/article/2256753-terra-tech-a-natural-born-capital-killer
LAST UPDATED: 1 DECEMBER 2022 AT 11:00AM EST

Derek Peterson Net Worth


Derek Peterson biography
Derek Peterson serves as Chairman of the Board of the Company. Mr. Peterson served as President until November 6, 2017. Mr. Peterson began his career in finance with Crowell, Weedon & Co. (now, D.A. Davidson & Co.), the then-largest independent broker-dealer on the West Coast. In his 6 years there, Mr. Peterson became a partner and Branch supervisor, where he was responsible for sales of over $10 million. Mr. Peterson was offered an opportunity to build a southern Orange County presence for Wachovia Securities, where he became the first Vice President and Branch Manager for its Mission Viejo location. He was instrumental in growing that office from the ground up into the $15 million office it is today. After his term at Wachovia Securities (now, Wells Fargo Advisors), Mr. Peterson accepted an opportunity for a Senior Vice President position with Morgan Stanley Smith Barney, where he and his team oversaw combined assets of close to $100 million. In addition, he has also been involved in several public and private equity financings, where he has personally funded several projects from angel to mezzanine levels. Mr. Peterson is a CFPÒ Professional and held Series 7 (General Securities Representative), Series 9 and 10 (General Securities Sales Supervisor), Series 3 (National Commodity Futures), Series 65 (Investment Advisor Representative), and California Insurance License. Mr. Peterson holds a Bachelors degree in Business Management from Pepperdine University. Mr. Peterson also owned a 12% interest in Black Oak Gallery until we acquired Black Oak Gallery on April 1, 2016. As a co-owner of Black Oak Gallery, Mr. Peterson worked with governmental agencies and tax authorities in Oakland, including working with the city to establish medical cannabis ordinances, competed for a permit to operate, and responded to a city request for proposal.

What is the salary of Derek Peterson?
As the Chairman of the Board of Terra Tech, the total compensation of Derek Peterson at Terra Tech is $1,099,170. There are no executives at Terra Tech getting paid more.



Locked
Wall

[stockanalyze]

breach of fiduciary duty, abuse of control, self-dealing, corporate waste, and unjust enrichment : as people’s filed case in court
the insiders are patting themselves on the back? they are defending the fraud that they have done and are disillusioned. squandering more of investors money in defending on fraud they committed. this may be even larger fraud than what sam did. they have decimated the value of this stock and other people's money. start looking into it by counting number of free shares they issued weekly, monthly and yearly and spending all that cash. we will know once corporate veil is pierced.

https://ir.unrivaledbrands.com/news-events/press-releases/detail/344/unrivaled-brands-successfully-opposes-yet-another

[@LaughinPaulRyan]

… atta boy … $UNRV #LootWallStreet

[Parapraxis]

Buy Curaleaf this week.
You won’t regret it.

[kevindenver]

That will be awesome.

[merushn]

Here we go
https://www.ganjapreneur.com/lawmakers-plan-cannabis-banking-push-during-lame-duck-congress/

[FelixWankel]

Even though UNRV has been in the dumps, SAFE banking could help dramatically. It would allow cannabis businesses to write off business expenses as tax deductions which right now THEY CANNOT DO! This is going to be a huge saving to them and has been hurting them badly. Last time people thought SAFE was going to pass, TRTC/UNRV ran to .70. I don't know what will happen this time but we will find out very SOON! GL

[FelixWankel]

From Tom Angel on twitter:

We are in all likelihood going to learn a lot more about the possibility of achieving additional federal marijuana reform this year—and the scope of those reforms—within the next 24 hours or so.

Stay tuned.

[stockanalyze]

safe banking may pass but unrv is in toilet, a lost and missed opportunity when others are going up and will skyrocket soon.the insiders are total loosers and failure.

[stockanalyze]

out of this shit. will keep an eye and will post, watching which of the insiders would be spending their time behind bars

[Parapraxis]

You can still buy Curaleaf.

[kevindenver]

Creditors will decide what to do with the "assets" as bankruptcy is not an option for marijuana companies and common equity is worthless.

Current assets = 7.21 million and current liabilities = 75.0 million
Assets = 54 million and liabilities = 96 million

My guess is all operations will cease and the company will be dissolved. The remaining assets will be transferred to a new corporate entity owned by the creditors.

[Parapraxis]

The losers will walk away with your money.

[ThomasAn]

A hydrofarm miracle only happens once. They pissed it off. They are now practically done.

[stockanalyze]

are we looking at bankrupcty and shutting its doors for good here? these losers will never get another chance

[BidnessMan]

Value of the company and the current OS indicates a share price of .0305.

Doubt any movement much higher or lower without a catalyst that increases or decreases the value of the company.

With the current house majority being RED I doubt Biden will advance anything that legalizes MJ but the FDA may still act to move MJ out of 'illegal' status federally allowing interstate commerce, banking, Federal interdiction of illegal grows, and other benefits that would go with legalization not to mention the federal criminal pentalities on individuals.

Of course some of the RED states would pass state laws to reinforce the illegality of MJ and the current taliban Supreme court would uphold these laws.

[Parapraxis]

Sunken ships usually stay at the bottom of the ocean and rust.

[ThomasAn]

So, we are back to Derek Petterson numbers ? ... and has this ever had a negative book value before ? (it maybe even worse now than DP left it)

[stockanalyze]

safe banking may pass soon but they have put this company to rubbles by enriching themselves, lawsuits. i don't get it, why the losers have so much ego, they are complete failures and always talked rubbish, most recent was turnaround, no updates.

[kevindenver]

A bad biz model is a bad biz model regardless of the specific challenges of the cannabis industry that make the sector extra difficult to navigate successfully.

[stockanalyze]

not apparently, it is in black and white, they certainly know how to ruin something over and over

[kevindenver]

Apparently $UNRV stores and sales are a ghost town too ... "This was a decrease of $9.29 million or 46.3% in revenue from continuing operations."

https://ir.unrivaledbrands.com/news-events/press-releases/detail/343/unrivaled-brands-reports-third-quarter-2022-financial

The Company realized an operating loss from continuing operations of $122.80 million for the three months ended September 30, 2022 compared to $11.70 million for the three months ended September 30, 2021, an increase of $111.10 million or 949.5%.

TOTAL STOCKHOLDERS’ (DEFICIT) EQUITY=(42,111).

The equity is worthless.

[stockanalyze]

ghost town here..

[stockanalyze]

more lawsuits likely coming as they are spending shareholders money in frivolous lawsuits just to take revenge on people's. people's is right that the management is wrong and enriched themselves. you saw market took it negative yesterday when the news came out. imo big trouble for current directors. they should have settled and gained from developments in the cannabis. i think this company is done. no one wants to touch a company with so many lawsuits, infighting with very money left forget about acquisition target. imo piercing the corporate veil may be coming soon to a theater near you. hey all those millions and millions of free shares , yum yum. as they say enough is enough. this is not their moma’s company.

[stockanalyze]

this company is busy fighting with peoples and many more when everyone is encouraged and stock should be skyrocketing from these prices. this interstate is huge. but the losers just don't get it

https://www.marijuanamoment.net/california-governor-signs-10-marijuana-bills-including-interstate-commerce-employment-protections-and-record-sealing/

[@LaughinPaulRyan]

… yup, took profit and still taking … $UNRV

[BidnessMan]

Nope, you will never be worth investing in. BTW, did you get out of the basement yet?

[@LaughinPaulRyan]

… even scams can be profitable to invest in if you know it’s a scam … $UNRV #LootWallStreet #ROFLMFAOTTB