Blum Holdings Inc (BLMH)

[GreenGro]

There's nothing to like here unless we hang our hats on the fact that it was expected to be an ugly report. But, I now have growing concerns about capital for preparing properties for business, IF we do in fact acquire licensing, which in itself is up in the air right now.

Let's assume for a moment that licenses are around the corner. As of September 30th, TRTC's balance from the Dominion financing was $3.48 mil. It's now November 15th and there have been a number of council meetings that have taken place since September - requiring further legal consultation, travel expense, lobbying fees, etc. So what's that number at today? Maybe $3mil? That's 50% of the original financing and we haven't placed a boot on the ground as yet. Is there any doubt at this point that another round of financing will be needed? And what will that do to the PPS?

The notion that DP is an intelligent and capable guy is not mutually tied to an increase in PPS - and that's all I care about. Is seeing my investment grow. This process has proven to be exceptionally expensive just to come close to obtaining licenses, and we haven't even acquired them yet. And if we do, the real expense of building out the properties for business begins.

This isn't a complaint against DP at all, and it's not a bash against the company. It's a self-reflection of what I expect my money to do for me, and to reason that I should go 'long and strong' and not consider shedding my shares when the short term prospects for the PPS look bleak is downright silly and borderline foolish. If and when the stars align here, which I remain hopeful and somewhat optimistic that they will, then I'll come in hard with my investment dollars as there is potential here for $2-$3 down the road. Way down the road. If everything falls into place. As of now, I find it foolish to simply ride out a 20-30% decrease. I've reduced my holdings by 90% the past few weeks after learning there was more to the licensing process - that's a reduction from a high of 320k shares. The remaining 35,000 shares go at the bell Monday morning because I absolutely see a sell-off of at least 15-20%.

Will continue to watch very closely and if licenses are confirmed, I could re-enter quickly. But unless licenses are confirmed next week I absolutely expect to see .20's printing.

Good luck everyone - hoping I'm wrong and .333 is the bottom. This 10-Q is not going to help though

Liquidity and Capital Resources

We have never reported net income. We incurred net losses for the nine months ended September 30, 2014 and have an accumulated a deficit of $33,830,332 at September 30, 2014. At September 30, 2014, we had a cash balance of approximately of $3,476,579 compared to a cash balance of $26,943 at December 31, 2013. This increase in our cash balance is primarily due to proceeds received from Dominion Capital LLC (“Dominion”) related to the sale of promissory notes.