Blum Holdings Inc (BLMH)

[Sprockett]

I was looking in the OTCQX and there is a requirement that they release this information immediately OTCQX Rules for U.S. Companies 3, 3.1 Requirement for Continued qualification.
He thanks for the insights. I have been digging around looking for answers all day. Curious if anyone reached out on Twitter or through email for a confirmation as to what is going on.

[BidnessMan]

Yep. Nail on the head.

Business calendars tend to go based on the company's formation date.

Hard for some folks I guess.

Back in the day the US used to fiddle with their fiscal year to put off paying bills - 1970's was really wild.

[BidnessMan]

I agree.

It would be great if the requirements to sell public shares to finance operations should be much more difficult. If it was maybe they would get creative and focus on margins.

Wonder why the lack of commo with share holders is not a violation of some type. I doubt any listed company could get away with a personnel shuffle as extensive as UNRV just accomplished without a head's up with it's share holders.

[WalktheWalk]

Since 2013, the Company has come out with their Yearly report at the end of March. I think its normal for them to report at that time.

[stockanalyze]

that is what i said that they can make more money in share price than salaries. they need to show profitability 4q of last year and show progress in proforma before 4q'21 earnings release. the company can buyback shares now and issue more later when the price goes up. i am sure they know this shit, so no preaching to the choir. they just need to do it : show profitability and stop diluting and rather buyback shares. right now even people's are under water more than 50%. it feels nice to see green when a stock is at penny and goes up by a penny but we all know this level of green is meaningless when it dropped from $0.82 to $0.14 already and lost most of its value.

[BidnessMan]

The guys who left management are still major stock holders and some will be directors.

UNRV has no champs based on today.

You folks have fun. Today makes me miss the NASDAQ where even the most overvalued stocks act reasonably. TSLA is risky but UNRV is wacky

[stockanalyze]

having hard time with word 'terminated'.
could have been 'resigned', 'decided to take $1 salary" and many more ways to put it. the cost cutting is smart move, management will make much more money with the stock options they have gotten if this goes up. i can't figure out what is going on. the cost cuts would not show up till september as it will make a dent in 2q and they are behind in reporting. this timeline does not bode well. the whole thing is weird.

[BidnessMan]

Sounds like they are grooming.

[WalktheWalk]

From Oren Schauble: “There will be formal communications coming, but per the 8K— restructuring and focusing on a much faster improvement of profitability. We see what’s happening in California and the cannabis market overall and want to be ahead of it not behind it— that means taking action. Sorry I can’t compliantly say more but there will be further communication and there is a Q coming up that will cover in depth. Stores are still pumping, brands are still selling, everyone is focused on the best route for the future.”

[RML65]

Very positive, upbeat tweets from Oren Schauble saying actions will lead to "much faster improvement of profitability". He said the company wants to get ahead of what's happening in CA, and that it requires action now. He said more information is coming, and that stores and products are selling well.

Since he will remain as a consultant, and Frank as a Director, this appears to be a prepared move, and not involved with negative performance of personnel.

[BidnessMan]

Costs are going up.
My food bill more than tripled. My house went up 400/mo for taxes and insurance. Our gas costs doubled. I imagine it's even worse in California.

They have to raise prices or cut costs or both. I'd guess they can not afford to lose customers and they will if they have to contend with the same costs I am seeing. So management due to costs are tightening their belts.

But the good news is inflation will go down eventually.

The bad news is they may have to use the common stock to pay bills.

[ThomasAn]

If they discovered issues with the balance sheet, wouldn't the CFO be the one to be fired ? Kind of looks like a take-over ... "The Company" means the rest of the board of directors. Internal infighting over something.

[skyhigh50]

Never got an email about this. That was strange.

[chkwalla]

From Form 8-K filing, on March 14 posted is the following ....... On March 13, 2022, the Company terminated the employment of Francis Knuettel II, the Company’s Chief Executive Officer. Mr. Knuettel will remain a director of the Company. On March 10, 2022, the Company terminated the employment of Oren Schauble, the Company’s President. On March 10, 2022, the Company terminated the employment of Uri Kenig, the Company’s Chief Operating Officer, effective as of March 25, 2022.

[stockanalyze]

is this a buyout scenario? feedback please.

- company making a lot of money, more than ever
- market cap half of its revenues
-top management leaving, not just ceo but others too except cfo, clearing the decks as the acquiring company does not need 2 ceo, 2 operating people but to show lower expenses. that would also mean it is a public company acquiring it
-why would all these people leave now with so many options they have?
-cfo leaves once 4q is out
-the pessimistic side of it is they uncovered material problems in balance sheet and bailing

of course all this is conjecture with full of assumptions, contrarian among this selling. what do you think, i am confused.

if a buyout, they have to announce it soon before it leaks. they could very well buyback shares at these prices with cash they have and this would skyrocket imo.

[skyhigh50]

With 2 weeks out from Q4 this thing is looking bad. Can't get support at any level.

[BidnessMan]

Kush guys are the largest shareholders of UNRV

[Sonnyusa]

To many insiders waiting to cash out…the beat goes on

[skyhigh50]

Come on. This stock has been on the down slope for a while now. We really don't need an old hype post at this time.

[stockanalyze]

posts like these suck retail investors into losing all their money. did you calculate if all of the rest of the companies lost more than 80% of the shareholder value like unrv did? where did all the cash from hydrofarm, sale of land etc etc. went that they need to issue more shares? or they have been spending money like crazy on unnecessary things? this stock didn't drop from $0.82 to $0.17 this week for a reason and no stopping from it going down it seems.

[ThomasAn]

Fake numbers, if they had to resort to toxic financing; it means they are dry. Share price is down 50% in only three months.

[29YEARINVESTOR]

LoL! Unrv up 271% q2-q3 fastest growing in cannabis market...
Beat them all !!!
Check out your fav in list below
https://cannabisinvestingnewsletter.com/2022/02/17/top-10-fastest-growing-cannabis-companies-cannabis-investments/

[ThomasAn]

He did say they don't need legalization and they don't need the competition legalization will bring, yet they are starving enough to need toxic financing again.

[stockanalyze]

they may have to change name again as it will be soon 0.00 at this rate of dropping 5% daily. it doesn't go up 5% daily but sure drops. great job they have done. peoples must be so angry where they are at less than 50% of option price at $0.40 . you cannot blame an anything on market when such delays in reporting quarterly results tells you of incompetency. didn't frank say it is good for trtc if it does not get legalized? so why are we blaming it on safe banking when this drops from $0.82 to $0.18 in a whim? focus on bottomline and reporting quarterly results on time which is in its own hands.

[stockanalyze]

70 million additional shares i.e. close to 20% dilution. this company, i feel, at this stage, even if reports profits may keep dropping as it has dropped so much that hard to lift off. they gave themselves too many free shares, a large chunk is owned by insiders. april 1st many companies report their 1q results, unrv would not have reported even last year's resuts. it does not take 3 months , a big red flag.

[ThomasAn]

If they had to write 70M new shares in the past few months (from 430M to 500M OS), it means to me they are bone dry. They talk big, but got no real money flow.

[stockanalyze]

this stock is all you need to continue to keep you insane, even name change did not matter. told ya the 3 month delay in reporting was a bad news.

[Ndhole]

So from this post we can tell you are not very good at this. At least you are honest about it!!

[stockanalyze]

sold most of them at a huge loss as bought close to 52 week high. bought some at low when it dropped but now it dropped even below. have some left only, keeping it so that i can whine and whine. they increased share count above half billion shares, useless management loaded themselves with free shares. most companies are reporting 1Q2022 results by April 1st and this company is still reporting 4Q2021 results, typical enron style. frank is only one trying hard, rest are on siesta.

[Ndhole]

Sell then!! Why continue to stick around and whine??

[stockanalyze]

looks like we are doomed. all of the hype, revenue numbers have not moved the needle. keep taking free shares in millions and this is where you land up. take 3 months to report earnings, reminds you of enron.

[stockanalyze]

market doesn't like. this stock even had a name change but stuck due to dilution. this stock falls easily but doesn't go up on any news. this stock is at mercy of legalization or safe banking act. if unrv show a profit and release results immediately, maybe. releasing results end of march, spells trouble.

[Sonnyusa]

That didn’t go over to well….

[chkwalla]

Frank Knuettel Sets 2022 Growth and Operating Strategy, a News Release from Unrivaled Brands Inc. - interesting
https://ir.unrivaledbrands.com/news-events/press-releases/detail/330/unrivaled-brands-ceo-frank-knuettel-sets-2022-growth-and

[merushn]

Unrv up 271% q2-q3 fastest growing in cannabis market...
Beat them all !!!
Check out your fav in list below
https://cannabisinvestingnewsletter.com/2022/02/17/top-10-fastest-growing-cannabis-companies-cannabis-investments/

[oystersnbeer]

Unrivaled Brands Expands Oregon Footprint with Launch of Advanced Cultivation Facility


Feb. 17, 2022 8:15 AM ETUnrivaled Brands, Inc. (UNRV)
SANTA ANA, Calif., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Unrivaled Brands, Inc. (UNRV) ("Unrivaled" or the "Company"), a multi-state vertically integrated cannabis company with operations in California and Oregon, today announced the opening of a new cultivation facility in southern Oregon.

The state-of-the-art facility consists of 10,000 feet of greenhouse, under 275 lights at full production, and 50,000 feet of full sun cultivation area. The launch of the Oregon facility represents the next step in vertically integrating the Company’s business in Oregon, led by our marquee Sticks brand, and it ensures the quality and consistency of the Sticks products. The increase in growing capacity will help the Company meet the rapidly growing demand for our products.

Unrivaled’s COO, Uri Kenig, stated, “We are excited to launch our cultivation operation in Oregon which will allow us to provide high quality flower for our Sticks brand, one of the leading pre-roll and packaged flower brands in the state of Oregon. With the first harvest expected in early summer of 2022, we expect greater margins and brand consistency, furthering our mission of becoming the leading west coast MSO.”

Originating in pre-rolls, the Sticks brand has expanded across categories in Oregon and California, offering both infused and outdoor flower products. Over two million Sticks pre-rolls have been sold to date to dispensary customers across the West Coast

[skyhigh50]

Let's see if the news out today will change that.

[ThomasAn]

Yup. It's been bleeding since Nov 2021

[skyhigh50]

45 days to annual report and Q4.
MM's are going to take this to the teens by the end of the month. No telling what will happen in March.

[ThomasAn]

The OS is now sitting at 501,292,043 ... remind me what it was last year and also remind me if it is going up or down.

[merushn]

Public companies that engage in capital raising activities from time to time must consider whether it is advisable to have an effective shelf registration statement on Form S-3 on file in advance of raising capital, or whether to simply wait to file a Form S-3 until such time that the company desires to raise capital.
What is your point?

[ThomasAn]

As of February 7, 2022, we had 501,292,043 shares of common stock outstanding and no shares of preferred stock outstanding.
.....
From time to time, we may sell up to an aggregate of $100,000,000 of our common stock, preferred stock, debt securities, warrants, purchase contracts or units in any combination of the foregoing, in amounts, at prices and on terms described in one or more supplements to this prospectus.

https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=116445332&type=HTML&symbol=UNRV&companyName=Unrivaled+Brands+Inc&formType=S-3%2FA&formDescription=%5BAmend%5D+Registration+statement+under+Securities+Act+of+1933&dateFiled=2022-02-11&CK=1451512

[Saveme79]

https://nz.finance.yahoo.com/news/unrivaled-brands-closes-sale-dyer-133000968.html?guccounter=1

[Sonnyusa]

Unrivaled Brands CEO Frank Knuettel II and General Counsel Joseph Segilia to Participate in Webinar "Hot Topics in Cannabis: Do's and Don'ts in a M&A Transaction" on February 16, 2022

8:23 am ET February 8, 2022 (Globe Newswire) Print
Unrivaled Brands, Inc. (OTCQX: UNRV) ("Unrivaled" or the "Company") today announced that its CEO Frank Knuettel and General Counsel Joe Segilia will join a panel discussion titled, "Hot Topics in Cannabis: Do's and Don'ts in a M&A Transaction" in the cannabis industry, including banking, legal, and CEO perspectives.

A typical M&A deal is full of hoops and hurdles imposed by the regulatory community, and a cannabis transaction adds even more layers of regulation. The webinar will offer tips and guidance from the perspective of a CEO, in-house and external legal counsel and banker about navigating the challenges that may impact a successful M&A transaction in the cannabis industry. This lively and thought-provoking discussion will include first-hand experiences and timely examples relevant to the cannabis sector.

When:

Wednesday, February 16

11:00 A.M. - 12:00 Noon ET

To participate: https://us06web.zoom.us/meeting/register/tZIodO2vqTMqGtOCRopA0dp_YixNg-o3kx70

[chkwalla]

Not necessarily weird accounting but the following might be reasons:
1) Audit report is during the tax season and there might be some staffing issues
2) New merger and new businesses (last mile delivery, stores and cultivation plant)would require different audit procedures than the prior year and would take some additional planning for GAAP audit reporting
3) Cash transactions of the People's stores would require additional procedures to insure accurate reporting of sales figures and subsequent banking or holding of money.
4) An entirely new documentation of internal controls would have to be written to ensure reliability of the reported numbers from all the related enterprises.
5) There are now multiple inventory sites that need to be physically verified and these counts will need to compiled.
These are some of the initial year challenges that could be better addressed and planned for during the second round of a GAAP audit with all these new businesses and new activities.

[Migufar]

https://finance.yahoo.com/news/unrivaled-brands-expands-product-offering-131500446.html

[WalktheWalk]

I looked at when they did it last year and I believe it was also in March. Maybe it takes more time to file 4th qtr, not really sure.

[stockanalyze]

you said earnings announce was on feb 15th. i now see on your link that it is on march 29th? why does it take 3 months for them to report? their accountants bill a lot. such delay usually happens when something weird is going on with the books.

https://www.tipranks.com/stocks/unrv/earnings-calendar

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167394314

[WalktheWalk]

I think you got the wrong company. Whats on Feb 15th and UNRV was Numero Uno out of top 100 MJ company's in Revenue growth.

[stockanalyze]

you know the one that is in red

https://finance.yahoo.com/quotes/CURLF,TLRY,GTBIF,CGC,tlltf,rwbyf,mmnff,unrv/view/v1

they will continue to pay and bleed red for all the free shares they doled out to insiders. legalization may move it up but they will tame that too, this company has a way to screw any upside.