Blum Holdings Inc (BLMH)

[SSCadaver]

Personally, and being completely honest, I'm torn here.

I didn't realize that the deficit was 19m with a loss of 4m. This is quite the amount to overcome for EG. Of course, with an MJ permit, this will be paid off in a matter of a year or less once cultivation starts. Also, revenues were slightly less than I expected, although the company told us in the 2014 guidance that Q2-3 would be much larger than Q1. To reach our guidance we'll need to see about 2.5m quarters now.


On the flip side, it seems there are less shares outstanding that originally thought, and q/q has increased 700% since last year.


I see good and bad in these fins, but I also see that a permit issued on June 5-6 would trump anything up to this point, bar none.

I'll be holding and banking on that permit, but I could see short term thinkers selling tomorrow. Hold strong!


SSC