Blum Holdings Inc (BLMH)

[Fallingknife75]

Agreed, they are building cash for acquisitions and to startup in NV if/when they get the permits.

If you check the 10K balance sheet you will see an asset line for Deposits with $3.5M on it. Looking further (F-10) you will see the "Deposits" definition as:

Deposits are for the purchase of a greenhouse and farm.

They have been building the "Deposits" amount for a while now. Looking forward to seeing what they purchase.

The S3 marks a break from the PIPE financing and will provide shareholders a better value from the shares issued over previous financing options; yes the S3 is a positive for shareholders.

In addition to the obvious NV funding requirements they are also looking to expand the GrowOp subsidiary. As stated on page 12 of the 10K:

Our intention is to replicate the 12,000 square foot facility we operate out of Oakland, California in other prime markets including Colorado and Michigan. We are budgeting for warehouse space, management as well other general labor to operate these additional facilities.

I would expect to see more about the GrowOp expansion in the coming months as well.

Good things ahead, will be fun (if your long).

Knife

TRTC